Financial Transparency Coalition

  Richard Ruggiero, Chief, Branch of Near East, South Asia and Africa of the U.S. Fish and Wildlife Service, discusses how poaching for ivory negatively affects a “keystone species” in Africa’s environment.  This video is a part of a larger video series from the U.S. Fish and Wildlife Service entitled “Save Vanishing Species” and focusses

LONDON - Global Witness is today calling on Glencore to explain potentially corrupt deals in the Democratic Republic of Congo, and is calling on the company to provide more details about its relationship with an Israeli businessman who is key to its substantial mining investments in the country. The concerns, detailed in a briefing for Glencore’s shareholders, are being published on the day of the company’s first AGM as a publicly listed company.

Task Force Economist Advisory Board member Dr. Léonce Ndikumana launched his book, Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent, today at the Brookings Institute.

Too often, borrowed monies are salted away from Africa’s most impoverished nations to offshore banks through inflated contracts or kickbacks. The complexities and bank-secrecy laws of the international finance system, combined with a lack of enforcement, assist such transfers, contend James K. Boyce and Léonce Ndikumana, authors of Africa’s Odious Debts: How Foreign Loans and Capital Flight Bled a Continent. They point to a correlation between foreign borrowing and capital flight: “For every dollar of foreign borrowing in sub-Saharan Africa, on average more than 50 cents leaves the borrower country in the same year.” Capital flight from sub-Saharan Africa...