Speakers
Dev Kar (Global Financial Integrity)
Event description
By 2008 Africa had lost upwards of $854bn in illicit capital outflows – twice as much as its inflows of development aid. According to some estimates, the actual figure may be as high as $1.8 trillion. Mispricing and transfer pricing by companies are among the main culprits, finds Dev Kar, author of the report.
Dev Kar is the Lead Economist at Global Financial Integrity, a Washington DC-based...
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Speakers
Dev Kar (Global Financial Integrity)
Event description
By 2008 Africa had lost upwards of $854bn in illicit capital outflows – twice as much as its inflows of development aid. According to some estimates, the actual figure may be as high as $1.8 trillion. Mispricing and transfer pricing by companies are among the main culprits, finds Dev Kar, author of the report.
Dev Kar is the Lead Economist at Global Financial Integrity, a Washington DC-based think tank, and former Senior Economist with the IMF. Over a career spanning nearly 32 years, Kar has worked on a number of issues surrounding development lending programmes, technical assistance, economic monitoring, and, more recently, illicit financial flows from developing states.
Read the GFI report here
Venue
Committee Room 9, Palace of Westminster, Houses of Parliament 20 Dean's Yard, City of London SW1 The discussion will be followed by a drinks reception.
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This event is part of the Royal African Society’s Corruption Series
