Global Financial Integrity

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Global Financial Integrity Director To Visit India this Week

Monique Perry Danziger, +1 202 293 0740 ext. 222

Raymond Baker will meet with high-level government officials, civil society organizations, journalists

NEW DELHI, India; Global Financial Integrity (GFI) Director Raymond Baker will travel to India this week for meetings with government officials, journalists, and civil society organizations. Mr. Baker will also deliver remarks at a press conference Friday afternoon.

In January of this year, India’s government announced a comprehensive plan to tackle corruption, crime, and illicit capital flight. As part of this plan, the government of India joined the Task Force on Financial Integrity and Economic Development’s Partnership Panel. The Task Force on Financial Integrity and Economic Development is a unique global coalition of civil society organizations and more than 50 governments working together to address inequalities in the financial system that penalize billions of people. Task Force Partnership Panel members include the governments of Chile, Denmark, France, Germany, Greece, the Netherlands, Norway, and Spain, the Canadian International Development Agency, and the Ford Foundation. GFI heads the Task Force and will convene the Task Force’s annual conference in Paris, October 6th and 7th. The theme of this year’s conference will be “Tackling the Shadow Financial System: A Working Plan for the G20.”

In a recent report, “Illicit Financial Flows from Developing Countries: 2000-2009,” GFI ranked India’s illicit outflows as the 15th largest among developing countries: approximately $104 billion, cumulative, from 2000-2008. Another report from GFI, “The Drivers and Dynamics of Illicit Financial Flows from India: 1948-2008,” estimated that India had lost a total of $462 billion from 1948 to 2008.

For more information about the Task Force on Financial Integrity and Economic Development, Raymond’s itinerary in India, or media booking inquiries please contact Monique Perry Danziger, +1-202-904-3113.