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New briefing sheds light on evolving shape of responsible finance standards

Novembre 10, 2016 21:25 , by RIPESS - Réseau intercontinental de promotion de l'économie sociale et solidaireRIPESS – Réseau intercontinental de promotion de l'économie sociale et solidaire - 0no comments yet | No one following this article yet.
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Developing countries continue to suffer from profits taken out by foreign investors, lending by developing countries to rich countries and particularly from illicit financial flows (IFFs). In 2014 Eurodad reported that for every USD 100 a developing country makes, USD 10 are lost, flowing out of the country. Last year’s “Mbeki report” estimated that Africa is losing more than USD 50 billion annually in IFFs.

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Source: http://www.ripess.org/new-briefing-sheds-light-on-evolving-shape-of-responsible-finance-standards/

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