Global Financial Integrity
Losses for developing and emerging economies have risen steadily, reaching a new record in 2012, according to a report issued by Global Financial Integrity, “Illicit Financial Flows from the Developing World: 2003-2012.” PHOTO/ Global Financial Integrity
This December 2014 report from Global Financial Integrity, “Illicit Financial Flows from the Developing World: 2003-2012,” finds that developing and emerging economies lost US$6.6 trillion in illicit financial flows from 2003 through 2012, with illicit outflows increasing at an staggering average rate of 9.4 percent per year-roughly twice as fast as global GDP.
The full report can be downloaded here All Africa and Global Financial Integrity.