Illicit financial flows and Africa’s institutional architecture: the conceptual framework

At the seventh joint annual meetings of the United Nations Economic Commission for Africa (ECA); the African Ministers of Finance, Planning and Economic Development and the African Union Conference of Ministers of Economy and Finance, the ministers pledged to take the necessary coordinated action nationally, regionally and continentally to strengthen our economic governance institutions and machinery, focusing especially on tax administration, contract negotiations, and trade-related financial leakages and to engage with the international community, in order to highlight our concerns regarding illicit transfers, including the question of tax havens.

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