Financial Transparency Coalition

ISTANBUL – State Secretary Ingrid Fiskaa spoke at the Fourth UN Conference on the LDCs, identifying illicit financial flows due to trade mispricing, tax evasion, trafficking, the drugs and arms trade, and corruption as one of the structural causes of poverty as well as one of the major threats facing sustainable development, along with climate change, armed conflicts, and a lack of political and economic empowerment for women and girls.

ISTANBUL, Turkey – A United Nations Development Program (UNDP) commissioned report from Global Financial Integrity (GFI) on illicit financial flows from Least Developed Countries (LDCs) was presented for discussion yesterday at the United Nations IV Conference on Least Developed Countries hosted by the Republic of Turkey.