The papers are awash with news today on the illicit black money flow worldwide. The majority of these illicit cash flows are from developing nations especially from the top BRICS countries.
Global Financial Integrity the Washington based think thank reported these figures tracking data between 2004 - 2013. The data is rather interesting and an eye opener on cash flow to and from developing and developed nations.
The amounts are staggeringly huge and may not necessarily capture true black money flows. The figures may only be indicative even with the best extrapolation of data. An indicator of just how huge these figures are can be gauged from the average reported Russian figure of $104 billion.
While the world tries to struggle with the problem of raising trillions to deal with development and climate change issues these massive cashflows flow counter clockwise to disrupt the development process.
Figures
Figures for other countries include China with $139 million, Mexico with ......
Global Financial Integrity the Washington based think thank reported these figures tracking data between 2004 - 2013. The data is rather interesting and an eye opener on cash flow to and from developing and developed nations.
The amounts are staggeringly huge and may not necessarily capture true black money flows. The figures may only be indicative even with the best extrapolation of data. An indicator of just how huge these figures are can be gauged from the average reported Russian figure of $104 billion.
While the world tries to struggle with the problem of raising trillions to deal with development and climate change issues these massive cashflows flow counter clockwise to disrupt the development process.
Figures
Figures for other countries include China with $139 million, Mexico with ......