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Stop the Bleeding — Curbing Illicit Financial Flows Video Recap

By Tim Hirschel-Burns “A global human society, characterised by islands of wealth, surrounded by a sea of poverty, is unsustainable.” This quote from Thabo Mbeki, the former president of South Africa, concludes the recently released video “Stop...

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UN’s ECOSOC Youth Forum: “Youth Taking Action to Implement the 2030 Agenda”

On February 1st through 2nd, I and other youth representatives from around the world met at the UN’s ECOSOC Youth Forum to discuss how we can actively influence the implementation of the recently adopted Sustainable Development Goals (SDGs). A highlight of the event was a speech by Mr. Ahmad Alhendawi, the UN Secretary-General’s Special Envoy on Youth, who argued for his “Ten Myths about Youth,” in which he asserted that youth are not the future, seeing as we comprise so much of the world today and are directly and immediately affected by any decisions that take place. Youth are as much the present as any other group in society—participating youth repeatedly expressed their concerns about the current lack of employment opportunities (in advanced and developing economies alike). High levels of youth unemployment are correlated with major losses in human capital development, income and employment stability, and aggregate economic gains.

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Companies in extractive industries report their payments to governments more, but more work is needed

For over a decade now, various global initiatives have promoted the design and implementation of international standards for governments and companies in the extractive sector to publish detailed information about their output and revenues. In 2002, after major corruption scandals emerged in Angola, Publish What You Pay (PWYP; a global coalition of civil society organizations) demanded oil, gas and mining companies to publish what they paid governments.

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GFI Engages, Third Quarter 2015

A Quarterly Newsletter on the Work of Global Financial Integrity from June to September 2015

Global Financial Integrity is pleased to present GFI Engages, a quarterly newsletter created to highlight events at GFI and in the world of illicit financial flows. We look forward to keeping you updated on our research, advocacy, high level engagement, and media presence. The following items represent just a fraction of what GFI has been up to since March, so make sure to check our website for frequent updates.
Global Financial Integrity Conference: Illicit Financial Flows: The Most Damaging Economic Problem Facing the Developing World

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.

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GFI to Launch Myanmar Report with Panel Including Dev Kar, Vikram Nehru, Aaretti Siitonen

Flight Capital and Illicit Financial Flows to and from Myanmar: 1960-2013

Please join Global Financial Integrity (GFI) for a panel discussion on Thursday, September 10 at the National Press Club in Washington, DC. Based on a forthcoming report by GFI, the panel will discuss the dynamics of illicit financial flows (IFFs) and economic opacity in Myanmar since 1960, and the economic ramifications these trends have had and continue to have on the country’s development.

The panel will include:

Dev Kar
Chief Economist
Global Financial Integrity

Vikram Nehru
Senior Associate, Asia Program
Bakrie Chair in Southeast Asia Studies
Carnegie Endowment for International Peace

Aaretti Siitonen
First Secretary
Embassy of Finland

And will be moderated by:

Tom Cardamone
Managing Director
Global Financial Integrity

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GFI Seeks Consultant for Open Data Scoping Study

We have the financial transparency ideas, now we need the right open data standards to go with them!

As a member of the Financial Transparency Coalition (FTC), Global Financial Integrity is seeking proposals from experts in the area of data standards for a consultant to produce a scoping study that identifies the range of open data standards that might accompany the FTC’s transparency platform and an assessment of the related political challenges and opportunities.

Deadline for applications is August 21 ! Please see the Request for Proposals (RFP) for complete information.

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GFI Engages, Second Quarter 2015

A Quarterly Newsletter on the Work of Global Financial Integrity from April to June 2015

Global Financial Integrity is pleased to present GFI Engages, a quarterly newsletter created to highlight events at GFI and in the world of illicit financial flows. We look forward to keeping you updated on our research, advocacy, high level engagement, and media presence. The following items represent just a fraction of what GFI has been up to since March, so make sure to check our website for frequent updates.

Joint Conference in Johannesburg: Financial Transparency and Human Rights in Africa

The Friedrich-Ebert-Stiftung (FES), Global Financial Integrity (GFI), and the International Bar Association’s Human Rights Institute (IBAHRI) partnered to host a three-day conference in Johannesburg, South Africa fromMay 18-20. The conference featured special expert-level discussion on the connection between human rights and illicit financial flows in Africa and the legal, advocacy, and academic channels for leveraging these connections to effect change.

Panelists and keynote speakers were drawn from around Sub-Saharan Africa and across the globe, covering a broad range of topics within the financial transparency-human rights overlap, including natural resources, violent conflicts, long-term development consequences, and the ongoing Sustainable Development Goal (SDG) process.

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GFI Engages, First Quarter 2015

A Quarterly Newsletter on the Work of Global Financial Integrity from January through mid-April 2015

Global Financial Integrity is pleased to present GFI Engages, a quarterly newsletter created to highlight events at GFI and in the world of illicit financial flows. We look forward to keeping you updated on our research, advocacy, high level engagement, and media presence.

The release of this quarter’s newsletter was delayed in order to include the high level roundtable GFI held on April 17. The following items represent just a fraction of what GFI has been up to since December, so make sure to check our website for frequent updates.

GFI’s High Level Roundtable: IFFs, FfD, and SDGs: Global Perspectives

Global Financial Integrity was pleased to host a high level roundtable on April 17 that focused on the relationship between illicit financial flows (IFFs), Financing for Development (FfD), and the Sustainable Development Goals (SDGs). Respected members of the public, private, academic, civil society, and multilateral sectors from around the world provided their perspectives on how to tackle IFFs, improve domestic resource mobilization, and strengthen the development of financial management.

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