Third World Network-Africa is organizing a three-day policy workshop on, ?Financial flows and Africa?s development transformation? from November 10th-12th, in Accra, Ghana.
The three-day workshop aims to develop an agenda for policy advocacy and strategy on ?Illicit Financial Flows? as part of the broader concern about financial flows and Africa?s Development Challenge. The discussion is taking place against the background of the evolution of financial liberalization and the changing roles and circuit of development finance in Africa. It also comes on the heels of Africa?s growing concern about the damage that illicit financial outflows are causing Africa?s development hence the setting up of the Mbeki Panel on illicit flows.
The workshop is part of a project inspired by the growing concern about Illicit Financial Flows, a phenomenon which goes to the heart of increasingly salient, mutually reinforcing trends such as financialisation, fiscal restructuring of commodity and natural resource economies, and international trade and investment regimes. Part of the workshop will be dedicated to reviewing a TWN- Africa issues paper which discusses these issues as core concerns for Africa?s development today.
Participants are expected from across Africa and the rest of the world.
The workshop will focus on resources that are legally /legitimately created in the African economy but are illegally/illegitimately/unconscionably appropriated out of Africa. It will thus look at Resource Generation and Outflows from Africa with a view to showing that illicit financial flows are part of the historical process of inequitable net transfer of resources from Africa, but which is now taking on the challenging forms of financialisation in the global economy.
Instances of illicit flows, the forms they take and the instruments like:
(a) abuse of tax incentives;
(b) tax havens
(c) transfer mispricing, etc
(d) Public-Private Partnerships
(e) privatisations,
(f) contracts
(h) aggressive tax plans
are among some of the issues to be discussed.
For further information on the policy workshop, please contact, Sylvester Bagooro on:? [email protected] or 0269613132
