Illicit Financial Flows Have “Outsized Impact on Poorest Countries”
FfD Negotiators Urged to Target Illicit Financial Flows and Trade Misinvoicing
WASHINGTON, DC – Illicit financial flows (IFFs), stemming from crime, corruption, and tax evasion, have an outsized impact on the world’s poorest countries, according to a new study released today by Global Financial Integrity (GFI), a Washington, DC-based research and advisory organization. Titled “Illicit Financial Flows and Development Indices: 2008–2012,” the report also finds strong correlations between higher illicit outflows and higher levels of poverty and economic inequality.
In a joint letter, GFI President Raymond Baker joined 49 other distinguished individuals in calling on the Angolan government to drop charges against journalist Rafael Marques de Morais. The full letter can be read below or downloaded as a PDF here.
GFI would like to thank Human Rights Watch for organizing the letter.
GFI’s Heather Lowe appeared on a panel at the Newseum on May 26, 2015, discussing the impact of the LuxLeaks and SwissLeaks investigations by the International Consortium of Investigative Journalists (ICIJ). The panel was sponsored by the Washington Foreign Law Society.
Thomas Pogge
Global Financial Integrity
In May 2015, Professor Thomas Pogge delivered the keynote address at a conference, titled “Financial Transparency and Human Rights in Africa: Fostering Greater National and Regional Economic Opportunity in Africa through Human Rights and Financial Transparency,” co-hosted by Global Financial Integrity, the Friedrich-Ebert-Stiftung (FES), and the International Bar Association’s Human Rights Institute (IBAHRI) in Johannesburg, South Africa.
A member of GFI’s Board of Directors, Dr. Pogge is the Director of the Global Justice Program and the Leitner Professor of Philosophy and International Affairs at Yale University.
Illicit Financial Flows “Greatly Aggravate Poverty and Oppression in Many Developing Countries”
GFI Estimates Illicit Outflows Drain 5.5% of GDP from Sub-Saharan Africa Annually
JOHANNESBURG, South Africa – International and African experts on human rights and illicit financial flows are convening in Johannesburg, South Africa this week for a multi-day conference on the linkages between financial transparency and human rights in Africa.
Hosted by Global Financial Integrity (GFI)—in partnership with the Friedrich-Ebert-Stiftung (FES) and the International Bar Association’s Human Rights Institute (IBAHRI)—the event builds upon the New Haven Declaration on Human Rights and Financial Integrity (New Haven Declaration), which recognized that “human rights and international financial integrity are intimately linked.”
Les flux financiers illicites « aggravent considérablement la pauvreté et l’oppression dans de nombreux pays en voie de développement.»
GFI estime que les sorties illicites de capitaux représentent 5.5% du PIB annuel en Afrique sub-saharienne.
JOHANNESBURG, Afrique du Sud – Des spécialistes internationaux et africains des droits de l’homme et des flux financiers illicites se réunissent cette semaine à Johannesburg, en Afrique du Sud, pour une conférence de plusieurs jours sur les liens entre la transparence financière et les droits de l’homme en Afrique.
Organisée par Global Financial Integrity (GFI) – en collaboration avec la fondation Friedrich-Ebert-Stiftung (FES) et l’institut des droits de l’homme de l’Association internationale du barreau (IBAHRI) – cet évènement s’appuie sur la Déclaration de New Haven sur les droits de l’homme et l’intégrité financière (Déclaration de New Haven), qui a reconnu que « les droits de l’homme et l’intégrité financière internationale sont intimement liés. »
Fluxos financeiros ilícitos “Agravam Muito a Pobreza e Opressão em Muitos Países em Desenvolvimento”
A GFI Estima que as Saídas Ilícitas Drenam 5,5% do PIB da África Subsariana anualmente
JOANESBURGO, África do Sul – Especialistas africanos e internacionais sobre direitos humanos e dos fluxos financeiros ilícitos reúnem-se em Joanesburgo, África do Sul esta semana para uma conferência de vários dia as relações entre a transparência financeira e os direitos humanos em África.
Organizada pela Global Financial Integrity (GFI) — em parceria com a Fundação Friedrich-Ebert-Stiftung (FES) e o Instituto de Direitos Humanos da International Bar Association (IBAHRI) —o evento baseia-se na Declaração de New Haven sobre os Direitos Humanos e a Integridade Financeira (Declaração de New Haven), que reconheceu que “os direitos humanos e a integridade financeira internacional estão intimamente ligados.”
