UN agencies finalize a framework to measure illicit financial flows
Investment promotion agencies from Estonia, India and Rwanda receive UN awards for excellence in their COVID-19 responses
The Costa Rican Investment Promotion Agency wins special recognition for mainstreaming gender in investment promotion.
New Asian trade bloc could help boost post-pandemic investment
Export under invoicing in Africa concentrated in high-value, low-weight commodities, study shows
Gold accounts for 77% of the $40 billion worth of under invoiced extractive commodity exports from Africa, according to UNCTAD research. Diamonds represent 12% and platinum 6%.
Global foreign direct investment falls 49% in first half of 2020
The biggest drops occurred in developed countries, cutting across all major forms of foreign direct investment.
Curbing illicit financial flows to finance sustainable development in Africa
By Paul Akiwumi, Director of Division for Africa and Least Developed Countries, UNCTAD
How Africa can curb illicit financial flows to strengthen economies post COVID-19
By Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD
Mineral tracking tool helps Zambia combat illicit financial flows
An UNCTAD data evaluation tool helps the southern African nation recover an additional $1 million in export dues from mining companies in one year.
How to beat the lack of data on illicit outflows draining Africa of capital and tax
Written by Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD
Africa could gain $89 billion annually by curbing illicit financial flows
UNCTAD’s Economic Development in Africa Report 2020 says stopping illicit capital flight could almost cut in half the annual financing gap of $200 billion that the continent faces to achieve the Sustainable Development Goals.