Financial Integrity for Sustainable Development - Implementation of FACTI Panel Recommendations in Africa
Illicit Financial Flows (IFFs) are a challenge of global dimension that need coordinated actions by the international community. Complementary measures at the national and regional levels in Africa will help reduce IFFs and promote progress toward the Sustainable Development Agenda, given the disproportionate cost of IFFs to Africa’s development.
This policy paper looks into a set of recommendations by the High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) that are most pertinent to the African region. It discusses the progress made by African countries in recent years, as well as the key challenges and gaps in implementation. The recommended policy actions and institutional changes proposed in this paper should be considered within the global setting and will need to be complemented and strengthened by efforts from the international community. Read the report in.