BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a58dc4ae5245 DTSTART:20220310T140000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20220310T153000Z LOCATION:Online\, SUMMARY:Debate: On the trail of capital flight from Africa CLASS:PUBLIC DESCRIPTION:Capital flight from Africa since 1970 amounts to $2 trillion[1] . These outflows exceed annual inflows of development assistance and forei gn direct investment received by African countries. Including interest inc ome that would have been earned on these outflows cumulative private wealt h held offshore stood at $2.4 trillion by 2018[2]. This represents more th an three times the stock of debt owed by the continent in that year\, iron ically making Africa a ‘net creditor’ to the rest of the world.\n\nThe evidence reveals a complex network of actors and enablers involved in orc hestrating and facilitating capital flight and the accumulation of private wealth in offshore secrecy jurisdictions. The book highlights that capita l flight is a global phenomenon\, and that measures to curtail it are a sh ared responsibility for Africa and the global community. Addressing the pr oblem of capital flight and related issues such as trade mis-invoicing\, m oney laundering\, tax evasion\, and theft of public assets by political an d economic elites will require national and global efforts with a high lev el of coordination\n\nBuilding on UNCTADs’s analysis\, and recently publ ished work\, join us to explore how to build on recent multilateral effort s to combat tax evasion and theft of national assets in Africa.\n\n \n\nW atch event recording\n\n \n\n\nPROGRAMME\n\nIntroduction: \n\n\nRichard K ozul-Wright\, Director\, Division on Globalization and Development Strateg ies\, UNCTAD.\n\n\n \n\nAuthor presentation\n\n\nLéonce Ndikumana\, Dist inguished Professor &\; Director\, African Development Policy Program\, Political Economy Research Institute\, University of Massachusetts Amhers t.\nNicholas Shaxson\, Writer\, Journalist\, and Investigator\, Tax Justic e Network\, Berlin\, Germany\nJames K. Boyce\, Professor Emeritus of Econo mics and Senior Fellow at the Political Economy Research Institute\, Unive rsity of Massachusetts Amherst.\n\n\nDiscussion \n\n\nH.E. Margarida Rosa da Silva Izata\, Ambassador Extraordinary and Plenipotentiary\, Permanent Representative of Republic of Angola to the United Nations Office and othe r international organizations in Geneva\nRob Davies\, Ex-Minister of Trade and Industry\, Republic of South Africa\nJanvier Désiré Nkurunziza\, Ch ief\, Commodities Branch and Chief of Research and Analysis Section\, Divi sion on International Trade and Commodities\, UNCTAD.\n\n\nClosing remarks \n\n\nAttiya Waris\, Professor of Law\, and Director of Research and Enter prise at the University of Nairobi\, and UN Independent Expert on Foreign Debt and Human Rights\n\nhttps://youtu.be/rWO0biBw3Rc"\; target="\ ;_blank\n\nView meeting on unctad.org\nhttps://unctad.org/meeting/debate-t rail-capital-flight-africa DTSTAMP:20260716T132738Z END:VEVENT END:VCALENDAR