Global Financial Integrity

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Illicit Financial Flows: Major Hurdle to Achieving Sustainable Development Goal #4 — Ensuring Quality Education

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Christine Clough, +1 202 293 0740 ext. 231

Washington, DC, September 8, 2015 – Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008 – 2012 IFFs swamped national education spending in many countries.  The IFF/Education Spending ratios (see below) give an indication of the problem some countries will face in achieving Sustainable Development Goals #4.  GFI President Raymond Baker said that the UN commitment to “substantially reduce” IFFs in target 16.4 “is a welcome advance in the fight to curtail the damage illicit flows inflict on children around the globe.”

Rank Country Ratio
1 Togo 2435.9%
2 Liberia 1649.3%
3 Zambia 1314.3%
4 Vanuatu 842.4%
5 Chad 555.9%
6 Guyana 511.5%
7 Samoa 471.6%
8 Nicaragua 423.1%
9 Paraguay 361.0%
10 Lao People’s Democratic Republic 359.8%
11 Armenia, Republic of 335.9%
12 Malawi 315.3%
13 Solomon Islands 254.0%
14 Ethiopia 245.0%
15 Congo, Republic of 235.2%
16 Gambia, The 230.4%
17 Nepal 228.8%
18 Cote d’Ivoire 224.8%
19 Lesotho 204.1%
20 Mali 177.9%
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