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The “Big Mo” in the Drive to Address Illicit Financial Flows
September 30th, 2014
tomOn September 24th, tucked away in a quiet conference room in the basement of the UN General Assembly building, an extraordinary conversation took place on the future of global development.  But, despite the gathering of representatives from the OECD, UN, World Bank, USAID and the Mexican, Australian, and Nigerian governments, the event received exactly zero media coverage. Titled “Curbing Illicit Financial Flows for Domestic Resource Mobilization and Sustainable Development in the Post-2015 Era,” the focal point of the two-hour discussion was how the international community could, as the program description put...
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Nigeria Has Potential, But Needs to Stomp Out Illicit Financial Flows First
July 25th, 2014
2363479089_f08f0f2033_zA new report out from the McKinsey Global Institute claims that Nigeria could be the next hotspot for economic growth and development. The firm says that, by 2030, the west African nation could become one of the world's leading economies. And it's true; Nigeria has seen an economic surge in recent years, thanks to massive oil exploitation, a burgeoning financial sector, and a huge population. In April, Nigeria even leapfrogged South Africa on its way to becoming Africa's biggest economy. But even with annual GDP growth at 7%, millions of Nigerians suffer...
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