Financial Transparency Coalition

NAIROBI—Kenya lost about Sh156 billion between 2000 and 2008 to illicit outflows of capital perpetuated by wealthy businesspeople and multinationals. These resources can finance about 70 per cent of Kenya's 2010/11 development budget of Sh222 billion.

CHRISTIAN AID—More than a billion people across the world will go to bed hungry on Saturday, the day the United Nations has designated World Food Day. The growing food crisis, which is leaving millions of people without enough to eat, has inequality at its root. Most markets have plenty of food, yet the price has risen beyond the reach of ordinary people.

Wall Street Journal—Venezuela lost $33 billion, or 10% of gross domestic product, in 2008 alone to illicit financial outflows, according to estimates from a forthcoming report from research group Global Financial Integrity.

Following the annual conference of the Task Force on Financial Integrity & Economic Development last week in Bergen, Norway, Global Financial Integrity Director Raymond Baker had the opportunity to give a lecture on the issue of illicit financial flows and the impact they have on development hosted by the U4 Anti-Corruption Resource Centre and the Chr. Michelsen Institute at the the Bergen Resource Centre for International Development. Check out the full lecture below: