Saturday , January 28 2023

Africa must stop or run corruption & # 39;



Patrick Chitumba recently Mangochi, Malawi
If African raises corruption, corruption is likely to go to Africa, in Akin Oyebode's 2001 report on "Over-Corruption in Agriculture".

Fifteen years later, the African Development Bank (AFDB) is estimated to have lost $ 1 trillion of African money out of Africa due to its corporate tax, and South Africa's former chairman, Thabo Mbeki's executive financial flows (IFF) has been losing US $ 50 million every year since Africa , through commercial invoicing.

Africa has many natural resources, although it is well governed, that the continent has a massive potential to take advantage of economic resources for economic development and, therefore, to stop corruption, African economic social development.

In this regard, the African Forum and Debt and Development Network (AFRODAD), the regional platforms and institutions, was responsible for debt repayment and debt repayment and African debt to other issues. , Afghanistan, Corruption, Debt and Inequality: Challenges and New Challenges "In Mangochi (Malawi), recently, the development and application of transparent and intelligent mechanisms for the mobilization and use of African financial resources, both home and abroad.

He was in charge of training in parliamentary, civil society, faithful and media education for the summer, with the goal of creating a leading team of agents and decision-makers. This means understanding and engaging in issues of concern, especially the IFF, corruption, inequality, governance of natural resources, debt management, African support system and PPP.

AFRODAD Director PhD Fanwell named Kenala Bokosi African African organization, AFRODAD promotes the promotion and promotion of African Union initiatives, particularly the Agenda 2063 and the African Minas view (AMV).

"Our job" We want Africa Want "focuses on a vision, an African integration, prosperous and peaceful, driven by its citizens, representing a dynamic force in the international arena," he said.

Dr. Bokosi has said that the results document of Addis Ababa Action Agenda 1 (AAAA) recognizes domestic public resources as one of the seven areas of action in the framework of funding for the development of 2015.

Additionally, the Agenda 2063 and the 2030 Agenda all recommend that countries strengthen their mobilization of resources (DRM) in Africa to be self-sustaining and finance their development.

"DRM finances 75% and 90% of grants per year in the 2063 average, especially for the enhancement of fiscal resource mobilization, to maximize the leverage of natural resources – limit OGM and illegal financial flows (IFF).

"Although the mobilization of domestic resources is a more sustainable financing mechanism, the Strategic Plan for the Development of the Agenda 2063 recommends the use of external development resources such as Official Development Assistance (AOD) and Private Public Co-operation (PPP), which is a critical development for Africa's development, as a ".

"Agenda 2063 is a strategic framework for the socioeconomic transformation of the African continent over the next 50 years. It aims to accelerate the implementation of existing and continental initiatives to achieve growth and sustainable development."

"Agenda 2030 is also known as the Sustainable Development Agenda by global leaders at the UN Summit in September 2015. 2030 Sustainable Development Agenda Objectives (SDG) and 169 goals are achieved by 2030," he said.

UK lawyer and academician at the University of Cardiff, Ms Layla Abdul Latiff has said that she has a strong African concern that IFF may have negative resources on mobile resources as regards the problem.

"The UA says that Africa has lost $ 50,000 annually through IFF. The IFF reduces the size of country development potential for financing country development programs. The lack of internal resource mobilization leads to poor quality of social services, large debts, high poverty and inequalities AfDB from Africa 1 He has lost $ 1 million as a result of the alleged tax crisis.

"The International Monetary Fund (IMF) says that $ 200 million will be lost by fiscal losses in the near future. Thabo Mbeki, vice president, estimates that the South African president's refined financial flow (IFF) reports that Africa's $ 50 million loss of trade has gone by in Africa through, "he said.

"It's the amount needed to eradicate poverty from Africa, build hospitals, build infrastructures, provide social welfare, reduce the amount of money we need to send our children to school, reduce the difference between the richest and the poorest in Africa."

Ms Latiff said that large companies were leaving Africa out of the largest outbound raids, and after organized crime they facilitated vulnerable practices and weak government weaknesses.

"In commercial activities, transactions prevention, multinational, taxing, net trading transactions, aggressive tax exemptions, exceptional claims and invoicing factors must be taken into account, 65% of the IFF total. Criminal activities at 30 per cent and they are calculated corruption in five percent global, "he said.

Successful practices play a key role in facilitating unlawful financial flows. The literature IFF's fuel corruption role provides many examples.
These include surplus payments to customs agents; tax inspectors contributions, including job offers; and make payments to security makers, bankers and judges.

Mr Raphael Kamoto – A Strategic, Planned, Monitored, and Evaluated Strategic Partnership in the African Group Administration Forum (ATAF) said the economic growth that could face corruption and diverting the necessary funds to education, health and other public services. African countries will share information on multinational corporations operating in their jurisdictions.

"African countries need to exchange tax information with other African countries, which will limit tax exemption, corruption and profits or transfers from one country to another – financed funds in Europe or America in African countries," he said.

Mr. Kamoto, African countries, were encouraged not to confront each other with tax incentives offered to foreign investors to work together for the benefit of their countries.

"Many countries in Zimbabwe and Lesotho have signed an ATAF because they allow us to share tax information and are in the right direction," he said.

AFRODAD argues that reducing the illegal outflows and housing funds, the flows of scale that may affect the development development will have a positive impact on development, and the financing of Africa's support and external loan development.

From this point of view, IFF confronts the mobilization of efficient and efficient means of home and the financing of sustainable development.

Unless mobilized financially and financially for the financing of national budgets, external loans have been government.
The contraction of the loan presents many challenges to African countries due to the fact that the poorer capacities of many African countries are poor.
Countries have started creating loans to repay loans while consuming contracted loans and not investing in the economic productive sectors.

The results are paying taxes on taxpayers to generate loans depreciation resources for their governments.

– @ pchitumba1

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