November 17, 2021
By Matthew Baur Massive cargo ships are all too familiar to those living in big port cities. These giant vessels deliver goods needed for much of our society to function, from medical supplies and medicines, to food...
By Lionel Bassega, July 6, 2020
Over the last couple of weeks, the rate of Covid-19 infections has flattened in most of the Global North, while the opposite has happened in the Global South. Indeed, according to data from the World Health Organization...
By Dev Kar, October 29, 2019
Excerpted from ‘India – Still a Shackled Giant’ by Dev Kar, with Penguin Random House India permission. A few years after retiring from the IMF, I applied for the position of lead economist at GFI, then a...
Washington, DC – In a comprehensive study on the level of trade misinvoicing in India in 2016, GFI found that the estimated potential tax revenue losses to the Indian government that year is US$13.0 billion, equivalent to 5.5...
June 5, 2019
Global Financial Integrity estimates India lost US$13.0 billion in potential revenue to trade misinvoicing in 2016 alone. How did we get that estimate? This blog breaks down the findings and methodology of our latest report.
WASHINGTON, DC – Illicit financial flows from developing and emerging economies surged to US$1.1 trillion in 2013, according to a study released Wednesday by Global Financial Integrity (GFI), a Washington, DC-based research and advisory organization. Authored by GFI Chief Economist Dev Kar and GFI Junior Economist Joseph Spanjers, the report pegs cumulative illicit outflows from developing economies at US$7.8 trillion between 2004 and 2013, the last year for which data are available.
Photos from “Illicit Financial Flows: The Most Damaging Economic Problem Facing the Developing World,” a 2-day conference in Washington, DC that was hosted by Global Financial Integrity and held at the National Press Club.
By Tom Cardamone, October 6, 2015
Based on the culmination of work GFI has done with the support of the Ford Foundation including a book by GFI, the conference included discussions and keynote remarks from experts on the nature of IFFs, country-level perspectives, and how and why curtailing these IFFs should be a priority for the global community.