Financing the SDGs: Revealing the Links between Illicit Financial Flows and Domestic Resource Mobilization
There is urgent need for enhanced domestic resource mobilization (DRM) to finance the SDG goals. This session will draw together tax justice activists, policy makers and multilateral institutions engaged in initiatives to curtail Illicit Financial Flows (IFF) to make the case for urgent and adequate measures to curb IFF. Panelists will present their analysis and their practical experiences regarding the drain IFF causes on DRM requirements. The shortcomings of the OECD “non-cooperative jurisdictions list” and the EU’s “black list” will serve as cases in point to demonstrate that no adequate measures are agreed to reign in the enablers of IFF. The scale of IFF through tax dodging by multinational companies and high net worth individuals constitute a major impediment to DRM. This session will seek to highlight that curtailing IFF is a precondition for enhanced DRM and to promote international cooperation, including within the framework of the UN FFD process.
Amb. Jerry Matthews Matjila, Permanent Representative of South Africa to the United Nations
Moderator: Manuel F. Montes, Permanent Observer and Senior Advisor, the South Centre.
Panel session: Illicit Financial Flows and Domestic Resource Mobilization
Gamal Ibrahim, Chief, Finance and Private Sector Section, Macroeconomic Policy Division, UN Economic Commission for Africa
Hannah Schmelzer, Senior Policy Officer, Federal Ministry for Economic Cooperation and Development, Germany
Pooja Rangaprasad, Independent consultant on tax and development
Moderator: Dereje Alemayehu, Chair of the Global Alliance for Tax Justice
Closing remarks: Thomas Maettig, Project on Dialogue on Globalization, Friedrich Ebert Stiftung
Contact and media enquiries : Manuel Montes, South Centre, E: firstname.lastname@example.org T: +1 917 932 7188