257:. The hundreds of pages, which were expected to contain comprehensive estimates of the illicit global financial flows, were all blank. According to the organization, this was to highlight a willful blindness on the part of world's most powerful institution to this transfer of wealth. This is underscored by the fact that more than 50 percent of these illicit flows originate from poor to rich countries, affecting the incidence of poverty in these locations. The G20 has pledged to address "illicit outflows" but there are critics who note that the commitment cited the need to address the problem in the victim countries while it was silent on the corresponding "inflow" or the locations that receive the flow of money.
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Eurodad coordinates the work of non-governmental organisations working on these issues, and collaborates actively with civil society in the North and South to attain these goals. Eurodad has existed since 1990 and is registered as a non-profit organisation in both the
Netherlands and Belgium. It is
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The problem of
Illicit capital flight is aggravated by the fact that it is not exactly illegal and it assumes the informal unofficial economic activities of organizations. It aims to "get around rules and processes typically not using money but favors, privileges and perks as a means of exchange."
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The network has focussed on issues such as tracking the aid spent by
European countries, multilateral debt cancellation, debt sustainability, aid quality, conditionality and harmonisation, illegitimate debt, and export credit debts.
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seek a lasting and sustainable solution to the debt crisis, appropriate development financing, and a stable international financial system conducive to development.
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push for development policies that support pro-poor and democratically defined sustainable development strategies.
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support the empowerment of
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Economics and
Political Implications of International Financial Reporting Standards
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Treasure
Islands: Uncovering the Damage of Offshore Banking and Tax Havens
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Uchenna, efobi; Nnadi, Matthias; Tanna, Sailesh; Iyoha, Francis (2016).
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Eurodad joins task force on financial integrity and economic development
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Edelbacher, Maximilian; Kratcoski, Peter; Dobovsek, Bojan (2015).
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funded by its members (about one-third of its budget) and by the
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Eurodad's bi-weekly newsletter: The
Development Finance Watch
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Task Force on
Financial Integrity & Economic Development
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Task Force on
Financial Integrity & Economic Development
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Corruption, Fraud, Organized Crime, and the Shadow
Economy
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Directorate-General for Development (European Commission)
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In 2009, Eurodad published a limited-edition book called
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Organisation for Economic Co-operation and Development
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Global Development Finance: Illicit Flows Report 2009
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Eurodad's main targets are organisations such as the
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Swedish International Development Cooperation Agency
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European Network on Debt and Development Eurodad Map
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Capital flight, tax havens and financial regulation
344:. Eurodad web portal. Retrieved 21 September 2010.
325:. Eurodad web portal. Retrieved 21 September 2010.
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383:. New York: Palgrave Macmillan. p. 30.
313:. Eurodad web portal. Retrieved 16 June 2021
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261:See also
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132:.eurodad
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190:History
143:Eurodad
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105:Belgium
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
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