Global Financial Integrity

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GFI’s Raymond Baker to Speak on World Bank Panel about Illicit Flows and Sustainable Development

October 11th Forum to Focus on Illicit Financial Flows in the Context of the Post-2015 Sustainable Development Agenda

High Level Discussion to Be Live-Streamed During the 2014 IMF/World Bank Annual Meetings

WASHINGTON, DC – Global Financial Integrity (GFI) President Raymond Baker is to be featured on a World Bank panel on Saturday, October 11, 2014 focusing on the issue of illicit financial flows in the context of the Post-2015 Sustainable Development Agenda.  Taking place as part of the 2014 IMF/World Bank Annual Meetings, the discussion will feature high level representatives from the Governments of Norway, Denmark, Bangladesh, the Philippines, and the World Bank in addition to Mr. Baker.

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Report Launch Photos for “Hiding in Plain Sight”

Photos from the launch events for our May 2014 report, “Hiding in Plain Sight: Trade Misinvoicing and the Impact of Revenue Loss in Ghana, Kenya, Mozambique, Tanzania, and Uganda: 2002-2011,” which was funded by the Danish Ministry of Foreign Affairs.

These photos were taken from the launch events in Copenhagen, Denmark, and in Accra, Ghana.

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African Countries Lose Billions through Misinvoiced Trade

Fraudulent Trade Transactions Channeled at Least US$60.8 Billion Illegally in or out of 5 African Countries from 2002-2011

Tax Loss from Trade Misinvoicing Potentially at 12.7% of Uganda’s Total Government Revenue, followed by Ghana (11.0%), Mozambique (10.4%), Kenya (8.3%), & Tanzania (7.4%)

COPENHAGEN, Denmark / WASHINGTON, DC – The fraudulent misinvoicing of trade is hampering economic growth and potentially resulting in billions of U.S. dollars in lost tax revenue in Ghana, Kenya, Mozambique, Tanzania, and Uganda, according to a new report published Monday by Global Financial Integrity (GFI), a Washington DC-based research and advocacy organization.  The study—funded by the Ministry of Foreign Affairs of Denmark—finds that the over- and under-invoicing of trade transactions facilitated at least US$60.8 billion in illicit financial flows into or out of the five African countries between 2002 and 2011.

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GFI Director in Denmark May 2-3; Will Speak Before DANIDA and Danish Parliament

Remarks to Focus on Illicit Outflows from Africa, Country-by-Country Reporting

COPENHAGEN, Denmark – Global Financial Integrity (GFI) Director Raymond Baker will deliver remarks Tuesday, May 3rd as part of the Danish Ministry of Foreign Affairs’ 2011 Danida Days development conference followed by an appearance the same day before the Foreign Affairs Committee of the Danish Parliament.

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Government of Denmark Joins Task Force on Financial Integrity and Economic Development

WASHINGTON, DC – The Government of Denmark is the newest member to join the Task Force on Financial Integrity and Economic Development, Global Financial Integrity announced this week.

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