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Africa pilots anti-illicit financial flows project

Africa pilots anti-illicit financial flows project Tuesday December 29 2020 Illicit funds that are moved across countries secretly divert significant amounts of resources with harmful effects. PHOTO | FILE | NMG Summary Lack of consistent statistics on IFFs causes uncertainty about the size and trends in illicit flows, how and where they originate and their impact on development. IFFs can markedly differ across countries and regions, and lack of a common framework makes their measurement impossible. Advertisement Africa has been selected to pilot a United Nations-funded project to reduce illicit financial flows. The pilot by the United Nation Conference on Trade and Development (UNCTAD) and the United Nations Office on Drugs and Crime (UNODC) support the project, which is aimed at helping the region achieve the Sustainable Development Goals (SDGs) in the next decade.

Ukraine proposes creating digital trade hub within GUAM

Thursday, 25 March 2021, 23:39 Ukraine proposes creating digital trade hub within GUAM 29.12.2020 16:15 Ukrinform Ukraine s Deputy Foreign Minister Vasyl Bodnar has proposed creating a digital trade hub within GUAM, the Ukrainian Foreign Ministry s press service has reported. According to the report, Bodnar stated this at the 36th meeting of the GUAM Council of Foreign Ministers held in the format of a videoconference. The deputy minister said the work should continue to implement new key projects within GUAM, related to the development of the transport corridor and the creation of a free trade area, including trade and transportation assistance projects, a digital trade hub, and others. The diplomat noted that one of GUAM s main projects - the Transport Corridor - will be developed as part of the [Trans]-European Transport Network using the mechanisms of the Eastern Partnership, the statement reads.

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