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Illicit financial flows: 3.4 billion dinars of annual losses

06/09/2021
Categories: Economy/Forex

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The United Nations Interregional Crime and Justice Research Institute (Unicri) and the German International Development Cooperation Agency (GIZ) recently published a study on illicit financial flows (IFFs) and the assets in Tunisia.

According to the survey recently published by the United Nations Interregional Crime and Justice Research Institute (Unicri) and the German International Development Cooperation Agency (GIZ), the total amount of illicit capital outflows , in 2013, reached nearly two billion dollars (5.6 billion dinars, at constant prices). A figure which amounts to approximately 181 dollars (507 dinars) per capita, indicates the same source. Unicri and GIZ rank Tunisia as the eighth most corrupt country in the North Africa and Middle East (MENA) region. According to “Global Financial Integrity”, the Tunisian economy is completely eaten away by IFFs. It suffers a loss of more than 1.2 billion dollars (3.4 billion dinars) per year. These losses have a considerable impact on the Tunisian economy and the daily life of average Tunisians, says the study by Unicri and GIZ. Recouping just 10% of what Tunisia loses to IFFs would allow the government to fully subsidize minimum wage costs for 40,000 young people for a year, or subsidize 50% of minimum wage costs for 80,000, experts say. young for a year.

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