Impact of Illicit Financial Flows on Domestic Resource Mobilization: Optimizing Revenues from the Mineral Sector in Africa
The document: Impact of Illicit Financial Flows on Domestic Resource Mobilization: Optimizing Revenues from the Mineral Sector in Africa focuses on how illicit financial flows (IFFs) undermine the efforts of African countries to mobilize domestic resources, especially from the mineral sector. It builds on the findings of the High-Level Panel on IFFs from Africa, which highlighted the extent of financial leakages, mainly due to practices like tax evasion, transfer pricing, and other illicit practices by multinational companies operating in the sector.