June 2nd, 2010
Global Financial Integrity Economist Devon Cartwright-Smith analyzes the relationship between illicit financial outflows and illicit financial inflows in developing economies in this two-part series.
When determining the amount of money that flows out of developing countries, a question naturally arises once the calculations are complete: “Why do some of these countries have huge negative outflows?” If outflows are measured as positive figures, negatives must indicate inflows. So are developing countries...
September 2nd, 2009
No, you didn’t read that incorrectly. Cayman is insolvent, bust, broke, unable to pay its debts.
This is not a rumour, this is fact. This fact is confirmed by the speaking notes used by the Hon. McKeeva Bush for a meeting held with senior Cayman civil servants, government boards and private sector business leaders last Thursday, of which I seemed to be the first to secure a copy. The text is
here, but I will also reproduce it separately on my blog in case Cayman take it down.
The following summarises the current state of play,...
