Combating Illicit Financial Flows : “Now or Never”
Statement of H.E. Thabo Mbeki, Chairperson of the African Union High Level Panel on IFFs
“I fully support the creation of a globally inclusive, intergovernmental process at the UN. I urged all international organisations and Member States to resist attempts to block this important step forward, and thus call into question our global commitment to fighting illicit financial flows and corporate tax abuse in support of the Sustainable Development Goals.”
* H.E. Thabo Mbeki is also the Chair of the Board of the South Centre.
STATEMENT OF THE CHAIPERSON OF THE SOUTH CENTRE BOARD, THABO MBEKI: COUNCIL OF MEMBER STATES, 24 FEBRUARY 2022
Once again the health, economic and social crisis caused by COVID-19 forces us to hold this meeting virtually. The deterioration of the situation in developing countries, to which I alluded two years ago, has only worsened. The gap between the countries of the North and the global South has widened. The lack of solidarity and selfishness of the countries of the North has led to the inequality in access to vaccines that we all know today.
If COVID-19 has taught us anything, it is that we must completely rethink the value we place on the health sector. The billions needed to prevent and respond to health crises are nothing compared to the billions lost in business closures, job losses and economic paralysis that are the cost to the global economy of a health emergency like the COVID-19 pandemic.
The South Centre, in this second year of the pandemic, has continued to adapt and innovate in its ways to support and accompany developing countries in this challenging context.
Financial integrity for sustainable development: Importance of developing country joint action on tax, corruption and money-laundering
By Dr. Ibrahim Mayaki
Countries are beginning to realize that the landmark agreement on the Sustainable Development Goals will be unrealized if financing is not found for the agenda. Much of that financing can be found if illicit financial flows are stopped. In March 2020, the Presidents of the United Nations General Assembly and Economic and Social Council convened a High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) to review global cooperation and recommend further actions by the international community as a contribution. Dr. Ibrahim Mayaki, the Co-Chair of the FACTI Panel, outlines the measures that the FACTI Panel recommended to combat tax abuse, corruption and money-laundering. He emphasizes the importance of developing countries taking a leading role in proposing solutions, and the value of inclusive international institutions. The text below is based on remarks that were made at a briefing to the Group of 77 and China in Geneva in April 2021, jointly organized by the FACTI Panel Secretariat and the South Centre. The Panel’s full report can be read at: http://www.factipanel.org/report.
Statements made at the 21st Meeting of the Council of Representatives of the South Centre
This document includes the statement made by H.E. Mr. Thabo Mbeki, Chairman of the South Centre Board under the agenda item 5 of the meeting “Statement by the Chairman of the Board of the South Centre” and also twenty-four interventions made by member countries at the meeting under the agenda item 7 “General Statements from Representatives”.
STATEMENT OF THE CHAIRPERSON OF THE BOARD OF THE SOUTH CENTRE, H.E. MR. THABO MBEKI, TWENTY-FIRST MEETING OF THE COUNCIL OF REPRESENTATIVES OF THE MEMBER STATES OF THE SOUTH CENTRE, 11 FEBRUARY 2021
The unprecedented health, economic and social crisis that the world has faced since last year has severely hit our developing countries and undermined their efforts to achieve the Sustainable Development Goals. In some cases, the progress made over the last decade, particularly in reducing poverty, has been lost. The effects of this crisis have not been felt equally among all countries either. It has exacerbated the profound economic and social inequalities affecting the poorer countries and the most vulnerable…