Sustainable Development Goals

This webinar explores the critical issue of illicit financial flows (IFFs) and their impact on poverty and vulnerability. IFFs significantly undermine efforts towards sustainable development by diverting resources away from public services and infrastructure, exacerbating economic inequality, and perpetuating cycles of poverty. Expert speakers from diverse fields, including academia, policy-making space, and private practice, will explore the mechanisms through which IFFs operate and their detrimental effects on economic stability and social equity. A webinar presented by the IBA Poverty and Social Development Committee, supported by the IBA Asset Recovery Committee and the IBA African Regional Forum. Supported by Afronomicslaw, and Schulich School of Law of Dalhousie University, Halifax, Nova Scotia

Focusing on limiting IFF is a much better option for providing African countries with the necessary funds towards achieving Agenda 2063 and the United Nations Sustainable Development Goals. Realizing tax revenue from reducing IFFs may also reduce dependence on foreign aid. As African countries take the required steps to curb IFF, it is relevant to note that no single country can independently curb Illicit financial flows, especially from aggressive tax planning. Increasing financial transparency through consistent domestic policy implementation and international cooperation remains one of the most efficient channels to halt IFFs out of Africa.

There is no gainsaying the fact that Illicit Financial Flows (IFFs) constitute a major impediment to Africa’s sustainable development. In fact, IFFs have a direct impact on a country’s ability to raise, retain and mobilise its own resources to finance sustainable development. Its negative impact further includes draining a country’s foreign exchange reserves, reducing domestic resource mobilization, preventing the flow of benefits of foreign direct investment, and worsening insecurity, poverty and economic inequality.

The News and Events category publishes the latest News and Events relating to International Economic Law relating to Africa and the Global South. Every week, Afronomicslaw.org receive the News and Events in their e-mail accounts. The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law. News and Events with a Global South focus are also often included.

This workshop will consider the effect of the COVID-19 pandemic globally and the strategies for recovery. The workshop will consider what role law and legal frameworks can play toward global recovery, especially in law and economic development, law and technology, law and the environment, intellectual property Law, and human rights law.

We invite you to join a global team that currently works on more than 400 operations for a total value of USD 75 billion, and produces world-class research and knowledge focused on achieving sustainable infrastructure solutions that build better lives in developing and emerging economies.

Much has been written about how international law generally, and international economic law more specifically, have enabled, facilitated and contributed to the continued racial ordering, discrimination, exploitation, and treatment of people on the move as ‘surplus’ population. The current COVID-19 pandemic, if anything, has laid bare how current economic structures entrench precarity and inequality, in a world in which borders may be seamless for goods and services, yet fortress-like and unwelcoming for those fleeing persecution, climate breakdown, armed conflict or abject poverty.

An African-Caribbean Economic Engagement Network is a grand vision of bold design and will not be easy to achieve; however, the fact that it is possible should be cause for optimism.