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African Panel Ranks Ethiopia Top 10 in Illicit Financial Flow

Thabo Mbeki on Ethiopia illicit financial flows
“The people of Ethiopia are being bled dry. No matter how hard they try to fight their way out of absolute destitution and poverty, they will be swimming upstream against the current of illicit capital leakage.” – Global Financial Integrity (Picture: Thabo Mbeki, Chairman of AU high level panel on illicit financial flows (IFF))

By Lucy Kassa | for Addis Fortune,

African Union’s (AU) high level panel on illicit financial flows (IFF) from Africa ranked Ethiopia ninth from the top 10 African countries with high illicit financial flows from 1970 to 2008 next to Côte d’Ivoire and Sudan.

The panel, which was chaired by Thabo Mbeki, former South African president and comprised nine other members, released its report at Hilton Hotel on February 1, 2015. Continue reading African Panel Ranks Ethiopia Top 10 in Illicit Financial Flow