Illicit financial flows from Africa: ‘Progress is small, small’

By: Blair Glencorse, Executive Director of the Accountability Lab and the IBA’s Innovation Fellow 2017. This article was originally published by the International Bar Association. The huge illicit financial flows from Liberia that are undermining its development reflect the wider problems that persist across Africa. Illegal transactions are, in some ways, easier than ever, but there are promising developments at corporate, government and international levels. 'Pay your taxes to develop Mama Liberia,’ says a Ministry of Finance billboard on one of Monrovia’s main thoroughfares, referring colloquially to the West African country. As we drove past recently – dodging potholes on the [...]