UN Economic Commission for Africaloss of resources due to poor legislation and governanceThis is according to Professor Kevin Urama, the Chief Economist and Vice President of economic governance and knowledge management at the African Development Bank.The two-day event is a collaboration between the bank, the United Nations Economic Commission for Africa and the UN Development Programme.
Urama says sound economic governance is essential for the development of African nations: “There is no alternative to sound economic governance like we are seeing in Botswana and in some of the African countries that are moving up in terms of their GDP per capita and addressing poverty and other issues; because Africa as a continent continues to lose huge amounts of resources on illicit financial flows, in tax mis-invoicing, in profit shifting in global markets and so on because of poor...
“So, we will be looking into this to see how we can learn from good examples within and outside the African continent,” Urama adds.
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