Increasing Illicit Financial Flows in the Context of Declining Official Development Assistance

"In total it is estimated that Africa has lost an estimated US$528.9 billion between 2003 and 2012. This amount is one and half times more than the official development assistance of US$348.2 billion that the continent has received during the same period. This net financial flow out of Africa has disproportionately and negatively affected the poorest sections of the society in Africa by eroding the resources available for the provision of the much needed public goods and services."