Ideas to Action:

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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

African Regional Integration and the Fight Against Illicit Financial Flows

The African Development Bank estimates that illicit financial flows have drained in excess of a trillion dollars from Africa since 1980. These flows undermine the tax base, damage political institutions and exacerbate inequality. With major momentum behind global counter-measures, there are clear opportunities for progress at the regional level – including through stronger information exchange and cooperation, tax base harmonization and innovative uses of trade data.

High-Level Endorsement for Oil2Cash

Donald Kaberuka, the President of the African Development Bank and the leading voice for forward-leaning economic policy on the continent, has come out publicly in favor of paying some portion of natural resource windfalls as a direct dividend to citizens. We’re pretty excited about this policy idea at CGD, and have been thinking through some of the pros, cons, and practicalities of what we call Oil-to-Cash. Watch this space for our Oil-to-Cash book later in 2014.

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