Over recent years, AFRODAD has found it crucial to work with Parliamentarians and other Civil Society Organizations (CSOs) to brainstorm on issues of illicit financial flows (IFFs) and how to jointly contribute to stopping such crimes.

The rational for this effort is that volumes of IFFs from Africa are huge and have been increasing over the years. Evidence from literature on the subject of illicit financial flows, including the report of the High Level Panel on illicit financial flows from Africa, argues that if illicit outflows were curbed, and the funds used domestically, the scale of the flows involved would have significant positive impact on development, and this would reduce Africa’s reliance on aid and external borrowing to finance development.

 

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