Illicit financial flows vs. aid flows

This didn’t make it into the readings for today, but it is an important point to remember:

“Every year developing countries are losing ten times the amount of Official Development Assistance (ODA) remitted for poverty alleviation and economic development,” said GFI director Raymond Baker.

It is topic that so far hasn’t been discussed much in connection to development finance, but that I think is on the rise.

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