I don't think its obvious at all. Read the comments and the RTs! (My view on illicit flows https://www.cmi.no/publications/5979-illicit-flows-and-trade-misinvoicing …)
Big flaky misinvoicing numbers now seen as argument against aid. "Poor countries dont need charity". Because illicit financial flows..!https://twitter.com/guardian/status/820210337513357313 …
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- and yet subsaharan Africa, HIPCs, LDCs all to have net flows inwards - not outwardspic.twitter.com/vdc117O9pB
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"Poor countries don’t need charity."
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Having worked with policymakers in many developing countries, I know they wd prefer an end to outflows over aid.
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Yes. GFI don't look at net unrecorded flows. They only count up gross estimated unrecorded flows (i.e. in one direction only)
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- commodity level studies (e.g. Zambia-copper, Cote D'Ivoire cocoa ) raise serious questions to justification
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i.e justification that 'it wld be absurd to calculate net crime' depends on assumption that discrepancies in data reflect crime
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but your "$1 in $24 dollars out" includes China, Russia, Saudia Arabia, Kuwait, Malaysia on the 'out' side?
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Yes, correct. For every dollar of aid the developing world receives, they lose $24 in net outflows. It is an aggregate figure.
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Why, despite the awareness, African economies are not stopping over invoicing?
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