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Saturday, December 17, 2011

Illicit Financial Outflow

The Economists wondered when I shared with them the amount of money that outflows illegally from the country. The Global Financial Integrity (GFI)’s report "Illicit Financial Flows from Developing Countries Over the Decade Ending 2009” says that US $ 6.040 billion outflows from Nepal illegally between 2000-2009. The amount of money that has been estimated in the report of GFI is almost equivalent to two fiscal years’ budget of Government of Nepal (GoN).

 

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