From Today's Report on Illicit Financial Flows: Which Countries Lost the Most Relative to 2008?
December 15th, 2011
Today, Global Financial Integrity released our newest report,Illicit Financial Flows from Developing Countries Over the Decade Ending 2009. In the report, we found that despite the global financial crisis and subsequent drop in international trade and foreign direct investment, illicit financial flows still approached US$1 trillion out of the developing world. This represents a decline from the US$1.55 trillion we estimated flowed out of the developing world in 2008, but still represents a horrible tragedy for developing countries.
Despite this trend, a number of countries actually saw significant increases in illicit financial outflows in 2009. Here are the 10 countries that saw the largest increase:
To read more important findings or to download both a PDF of the report and all the data it contains, click here.