WASHINGON (IDN) – The Global Financial Integrity (GFI), a non-profit, research and advisory organization, has highlighted ten stark facts about Sustainable Development Goals and illicit financial flows out of developing countries.
It pointed out in a media release that the scourge that illicit financial flows (IFFs) inflict upon poverty alleviation efforts has become well known and is addressed in the Sustainable Development Goals agenda (target 16.4).
In reaction to the new global commitments, Global Financial Integrity (GFI) President Raymond Baker said “we applaud this important step to curtail the torrent of money streaming out of developing economies.”