Illicit Financial Flows: Major Hurdle to Achieving Sustainable Development Goal #4 — Ensuring Quality Education


Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008-2012 IFFs swamped national education spending in many countries. The IFF/Education Spending ratios (see below) give an indication of the problem some countries will face in achieving Sustainable Development Goals #4. GFI President Raymond Baker said that the UN commitment to “substantially reduce” IFFs in target 16.4 “is a welcome advance in the fight to curtail the damage illicit flows inflict on children around the globe.”

Rank Country Ratio
1 Togo 2435.9%
2 Liberia 1649.3%
3 Zambia 1314.3%
4 Vanuatu 842.4%
5 Chad 555.9%
6 Guyana 511.5%
7 Samoa 471.6%
8 Nicaragua 423.1%
9 Paraguay 361.0%
10 Lao People’s Democratic Republic 359.8%
11 Armenia, Republic of 335.9%
12 Malawi 315.3%
13 Solomon Islands 254.0%
14 Ethiopia 245.0%
15 Congo, Republic of 235.2%
16 Gambia, The 230.4%
17 Nepal 228.8%
18 Cote d’Ivoire 224.8%
19 Lesotho 204.1%
20 Mali 177.9%

Source: gfintegrity.org


This entry was posted in African News, Chad News, Ethiopia News, Gambia News, Lesotho News, Liberia News, Mag, Malawi News, Republic of Côte d'Ivoire (Ivory Coast), Republic of the Congo, Togo News, Zambia News. Bookmark the permalink.

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