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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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Raymond Baker: Illicit Financial Flows: The Scourge of the Developing World
January 8th, 2013
Sometimes, it is easy to lose sight of the big picture when talking about illicit financial flows. We either spend time talking and reading about big numbers--the total amount of money flowing out of countries--or individual events, like the horrible things facilitated by HSBC. Today, Task Force and Global Financial Integrity Director Raymond Baker took a step back and discussed the big-picture implications of illicit financial flows, and what they do to a society, in the Huffington Post.
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