By Maureen Heydt, March 16, 2020
The revelatory Luanda Leaks by the International Consortium of Investigative Journalists (ICIJ) and 35 partner organizations exposed the critical role financial service providers – frequently Western – play in facilitating massive international financial scandals. Indeed, the ICIJ...
March 4, 2020
A lack of trade integrity results in potentially massive revenue losses – all at a time when most countries are struggling to mobilize domestic resources for development Global Financial Integrity (GFI) recently released its newest report, “Trade-Related...
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...
By Maureen Heydt, October 21, 2019
Twenty-five luxury vehicles worth over US$27 million. Gilded toilets in a secret forest compound. Three lions in a private zoo. A US$200,000 wedding dress for a cabinet minister’s daughter. The bounty of kleptocracy can take many, sometimes...
October 14, 2019
In August 2020, Global Financial Integrity and Academics Stand Against Poverty will be awarding the seventh annual Amartya Sen Prize to the two best original essays that examine one particular component of illicit financial flows, the resulting...
By Daniel Neale, October 7, 2019
Governments around the world are increasingly turning to free trade zones (FTZs) as a means of promoting economic growth and investment: Ghana recently signed an agreement with Iran to bolster cooperation between their free zones, while the...
August 26, 2019
by Ben Iorio “The traditional thinking has always been that the West is pouring money into Africa through foreign aid and other private-sector flows, without receiving much in return. Actually, that logic is upside down – Africa...
June 20, 2019
By Ben Iorio With the rise of Bitcoin and cryptocurrency, the norms for currency have changed. Cryptocurrencies allow transactions to take place with a currency not regulated by any country. In essence, cryptocurrencies are currencies existing completely...