Financial Transparency Coalition

Imagine how you would feel if someone forced you to live in a world where you only had access to technology from the 1990s

On Friday, April 8th at 12:00-13:30 UTC / 8:00-9:30 EDT the Financial Transparency Coalition (FTC) co-sponsored a panel discussion at the IMF’s 2022 Spring Meetings CSO Forum.

Regulating cross-border financial flows can contribute to financial stability and help countries develop, according to new research to be published on 15 December by the Bretton Woods Project and Latindadd. The report find that sudden surges and stops in cross-border financial flows, which have been increasing in frequency, risk generating new financial crises in both rich and poor countries.

Mexico and Venezuela Lead Region with Most Illicit Outflows The Center for International Policy's (CIP) Global Financial Integrity program (GFI) released a new report this week that estimates the quantity and patterns of illicit financial flows coming out of developing countries. The report, "Illicit Financial Flows from Developing Countries, 2000-2009," (PDF) finds that approximately $6.5 trillion was removed from the developing world from 2000 through 2008, averaging $725 billion to $810 billion per year. Most notable for Latin America, the new GFI report, authored by Dev Kar and Karly Curcio, places both Mexico...