Using Illicit Financial Flows to increase accountability

In 1994, Illicit Financial Flows (IFFs) were a major threat to South Africa’s development agenda. Today, Africa’s huge external debt problem can be partially blamed on lost revenue due to illicit flows. A United Nations Economic Commission for Africa(UNECA) report noted that Africa's external debt stood at $279 billion in 2008 and that debt constituted a third of the amount lost to IFFs at that time. Yet how do we define Illicit Financial Flows and what can be done to tackle this growing issue?
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