Developing countries lose an estimated $990 billion dollars annually in illicit financial flows



WASHINGTON, D.C. — The developing world saw a record $991 billion leave its countries due to corrupt practices and corporate tax evasion in 2012, according to a new report by Global Financial Integrity (GFI). Because of this massive non-taxed loss of illicit financial flows, developing countries lost $6.6 trillion between 2003 and 2012, according to GFI, who said such losses are growing at 9.4% per year.

  • World Hunger Education
    Service
    P.O. Box 29015
    Washington, D.C. 20017
  • For the past 40 years, since its founding in 1976, the mission of World Hunger Education Service is to undertake programs, including Hunger Notes, that
    • Educate the general public and target groups about the extent and causes of hunger and malnutrition in the United States and the world
    • Advance comprehension which integrates ethical, religious, social, economic, political, and scientific perspectives on the world food problem
    • Facilitate communication and networking among those who are working for solutions
    • Promote individual and collective commitments to sustainable hunger solutions.
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