As They Sit In Busan To Discuss Aid Effectiveness, They Should Remember The Illicit Flows Of Capital That Leaves Poor Countries
This week the Tanzanian and Swedish governments are attending a high level meeting in Busan, South Korea, to discuss development aid effectiveness. But to ensure that development aid actually promotes development, governments must also deal with the illicit flows of capital that leaves developing countries every year – a sum that is ten times larger than the annual amount of total global development aid.