Uganda National Dialogue on Financing for Development : Keynote Speech by Carlos Lopes Under-Secretary-General of the United Nations and Executive Secretary of the Economic Commission for Africa

Abstract

The Addis Ababa Action Agenda contains commitments to substantially reduce illicit financial flows by 2030 and facilitate the return of stolen assets. To this end, the Agenda includes measures to strengthen international cooperation to eliminate safe havens that create incentives for the transfer abroad of stolen assets. It also resolves on enhancing transparency in all financial transactions to reduce the incidence of tax avoidance and evasion, and ensure that all companies, including multinationals, pay taxes to the governments of countries where economic activity occurs and value is created.