Trapped in illicit finance
On September 26, 2019, world leaders will gather at the UN General Assembly (UNGA) in New York, for high-level talks on finance for development. One burning question on the agenda is the financial chasm facing the sustinable development goals (SDGs).
Adopted by the UNGA in 2015, the 17 goals offer a roadmap for ending poverty, protecting the planet and ensuring prosperity for all, by 2030. But with little over a decade to go, vast amounts of public and private finance still need to be found if they are to be realised within the timeframe. The funding gap for delivering the goals from private sector sources alone is estimated at $2.5tn.
In this report, Christian Aid and our partners propose a simple solution for plugging some of this funding gap: we must stop tolerating the abusive, unethical, immoral illicit financial flows (IFFs) that rob the poor to enrich the wealthy.