Illicit financial outflows from Guyana for the years 2008 to 2012 represent 511.2% of the country’s spending on education, according to a new report looking at the corresponding effects on poverty and economic inequality in developing countries.
The report, titled “Illicit Financial Flows and Development Indices: 2008–2012,” was released on Wednesday by the Washington, DC-based research and advisory organisation Global Financial Integrity (GFI) and sees Guyana as the only Caribbean country flagged among the worst affected countries.
On Thursday, the Guyana Human Rights Association (GHRA) noted that in light of the findings in the report,
