The Gendered Impacts of Illicit Financial Flows (IFFs)

IFFs typically exist on the outside of legal financial systems and bring little value to the states and places where they have been derived; because most IFFs are sent abroad they cannot be used to benefit the society where they originated (Eriksson 2017). The activities that constitute IFFs and the conditions in which they thrive are known to stunt economic growth, weaken service delivery and worsen income inequality, this in turn further entrenches gender inequality. This paper provides an anthology of the views and understandings of IFFS, the national regional international contexts in which they exist and the gendered impacts of all these factors. The paper contends that because the economy is a gendered construct, phenomena like IFFs that threaten socio-economic development cannot be gender neutral and are often prominent agents in the cultivation and retention of conditions that foster and uphold gender inequality.
https://www.akinamamawaafrika.org/wp-content/uploads/2020/09/AKINA_IFF-report_-Sept-2020.pdf

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