This episode is about why Africa loses nearly $89-billion a year in illicit financial flows. South Africa loses the equivalent of 22.38% of its health budget, an amount that would pay the yearly salaries of more than 1 million nurses. The instrumentalization of foreign aid as well globalization and development. We also cover the role of multinationals in Illicit Financial Flows in Africa, the role of independent Commission for the Reform of International Corporate Taxation in IFFs, and many other issues.
Irene Ovonji-Odida was appointed to the AU/ UNECA High Level Panel on Illicit Financial flows from 2012-2015. She actively contributed to the process and report. She is currently a member of the Illicit Financial Flows Task Force Pan African Lawyers Union, Tax Steering Group South Centre and Independent Commission ICRICT.
https://www.icrict.com/the-commission
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