This study is GFI’s 2015 annual global update on illicit financial flows from developing economies, and it is the sixth annual update of GFI’s groundbreaking 2008 report, “Illicit Financial Flows from Developing Countries 2002-2006.” This is the first report to include estimates of illicit financial flows from developing countries in 2013—which the study pegs at US$1.1 trillion.
Dec 10 2015
Illicit Financial Flows from Developing Countries: 2004-2013
- Written by Fatoumata Bintou Sall
- Published in News and Ideas
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This December 2015 report from Global Financial Integrity, “Illicit Financial Flows from Developing Countries: 2004-2013,” finds that developing and emerging economies lost US$7.8 trillion in illicit financial flows from 2004 through 2013, with illicit outflows increasing at an average rate of 6.5 percent per year—nearly twice as fast as global GDP.