Capital flight from Africa
Author(s)/Corporate Author (s)United Nations. Economic Commission for Africa.;
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Capital flight represents a higher burden in Africa than in other regions. Thus, actions to stop illicit capital flight must be taken by decision makers such as senior policy makers in both Africa and in the West if they are to succeed. The issue of capital outflow from Africa and the absorption into western economies, therefore, deserve attention and require concerted effort. Through greater transparency in the global financial system, illicit outflows could be curtailed.