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Comment on How Big is Corruption in Ethiopia? $16.5 Billion Lost to Cash Smuggling by Ethiopia: Revenues and Customs Authority Chief Arrested for Corruption at Tadias Magazine
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Comments for Tadias Magazine
How Big is Corruption in Ethiopia?
$16.5 Billion Lost to Cash SmugglingGlobal Financial Integrity says Ethiopia lost US$16.5 Billion to illicit financial outflows in the last decade.
But how big is corruption in Ethiopia on the global scale?
We placed a phone call to the Washington, D.C office of Global Financial Integrity (GFI), which tracks illicit financial flows out of developing countries worldwide.
According to Clark Gascoigne, a spokesperson for GFI, the organization’s latest available research data show that the amount of money that Ethiopia lost to smuggling of cash out of the country, both by the government and the private sector between 2001 and 2010, totals 16.5 billion U.S. dollars.
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