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...
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.
By Daniel Neale, January 9, 2019
A systemic problem persists in banks’ ability and willingness to stop dirty money from flowing through the financial system. But when will it stop, or even diminish?