Breakfast Debate Exposes Tanzania’s $1.83 Billion Drain from Illicit Financial Flows
At a recent breakfast debate organized by Policy Forum with the support of Thomson Reuters Foundation (TRF), the spotlight was on the devastating impact of illicit financial flows (IFFs) on Tanzania’s economy. According to the 2021 Global Financial Integrity report, Tanzania loses roughly $1.83 billion every year as companies manipulate invoicing practices on exports and imports, a figure that underscores a critical economic challenge.