Data Reveal Huge Sums Spirited out of Angola

April 6th, 2011


JOHANNESBURG – Almost $6 billion was spirited out of Angola in 2009, according to new data on Wednesday that highlight how much of the war-scarred African nation’s oil wealth is stolen by a corrupt elite.

Calculations provided to Reuters by the Washington-based anti-corruption advocacy group Global Financial Integrity (GFI) suggest funds worth nearly a sixth of Angola’s entire annual budget flowed illicitly out of the country in the last year for which data are available.

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