Sentence examples for financial outflow from inspiring English sources

Perhaps the worst news is that the department's ability to quickly stop this financial outflow is limited.

Africa loses twice as much in illicit financial outflows as it receives in international aid.

Africa lost $597bn-1.4tn 597bn-1.4tnurce outflows between 1980 and 2009 after adjusting recorded traneteresourcellicit financial outflows.

But the prospect of quick financial outflows from footloose foreign investors has deterred many countries from expanding their financial markets.

Africa loses twice as much in illicit financial outflows as it receives in international aid, the panel said.

Research group Global Financial Integrity puts the figure for illicit financial outflows from developing countries at $1tn a year and growing.

The continent still loses twice as much in illicit financial outflows – through tax avoidance, transfer pricing and anonymous company ownership – as it receives in international aid.

A UNDP report last month found that illicit financial outflows from Cambodia related to trade mispricing amounted to $406m over the three years from 1999 to 2001.

"Africa loses twice as much in illicit financial outflows as it receives in international aid," said Annan, in his foreword to the 120-page report.

This year many countries are using their ODA to pay for their own internal refugee problems instead of sending it abroad, Kim added, contending that the World Bank is already working to make taxes fairer and reduce illicit financial outflows.

Africa is losing more than $50bn£33bnbn) every year in illicit financial outflows as governments and multinational companies engage in fraudulent schemes aimed at avoiding tax payments to some of the world's poorest countries, impeding development projects and denying poor people access to crucial services.