Illicit financial flows
Global Financial Integrity estimates that bribery, kickbacks, and the proceeds of corruption continued to be the primary driver of illicit financial flows from the Middle East and North Africa, while trade mispricing was the primary driver in the other regions.
Official Development Aid
According to recent estimates, for every US$1 that least Developed Countries (LDCs) receive in official development aid (ODA), an estimated US$10 flows illicitly abroad.
Corruption and service delivery
Corruption is estimated to raise the household price of water by as much as 30% and the general price of goods by 20%.
Corruption costs ...
Each year, corruption is estimated to cost more than 5% of global GDP (US$2.6 trillion). This estimation could reach up to 25% of GDP in Africa.
MDGs and corruption costs
According to the latest report from Global Financial Integrity (2012) developing countries lost US$5.86 trillion to illicit outflows between 2001-2010. These resources would have been more than enough to meet the MDG target on education for all.