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New Study: Illicit Financial Flows in Developing Countries Large and Persistent

Illicit financial flows (IFF) from developing countries are increasing and the numbers are large; approximately 1 trillion US$ in outflows was estimated in 2014 alone. 
Foto: Lewis Adams/ Creative Commons/ CC BY 20
Foto: Lewis Adams/ Creative Commons/ CC BY 20

Global Financial Integrity (GFI) is a Washington, DC-based research and advisory organization. The report, “Illicit Financial Flows to and from Developing Countries: 2005-2014,” is the seventh report in the series about IFFs from developing countries. This report is however the first to equally emphasize illicit outflows and inflows. Combined, these outflows and inflows are estimated to account for between 14.1 and 24.0 percent of developing country trade, on average.

Read the full report here. 

Themes

  • International economics
  • Economic growth
  • Development policy
  • Africa
  • Asia
  • South and Central America

Fact

  • NUPI is coordinating the TaxCapDev network, which brings together Norwegian researchers and experts to strengthen the sharing of knowledge on illicit financial flows, taxation and exploitation of natural resources. 
  • SkattJakt II is a continuation of the original  TaxCapDev-projects, in addition to Tax Justice Network Norge now being included in the network.