Financial Transparency Coalition

As the UN General Assembly officially opens on Tuesday, the words from Secretary-General António Guterres last year come to mind, calling on countries to spend 10 percent of their GDP in Covid-19 recovery spending.

En el marco de la apertura oficial de la Asamblea General de Naciones Unidas este martes, vienen a la mente las palabras pronunciadas hace un año por el Secretario General António Guterres, en que instó a los países a invertir al menos el 10% del PIB mundial para la recuperación de la Covid-19.

PRESS RELEASE By failing to take concrete action on illicit financial flows and tax dodging in Addis Ababa, questions remain on how domestic resources will be raised Without a globally inclusive standard setting body, developing countries have an uphill battle to realize needed revenues to fund development goals

On 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...