Project Info
Project Code
2326M
Tranche
T15
Tranche Type
Regular
Status
Active
Title
Measuring and Curbing Illicit Financial Flows
Entities
Implementing Entity (Lead)
ECA
Jointly Implementing DA Entities
ECE
ECLAC
ESCAP
ESCWA
ODC
UNCTAD
Other Collaborating Entities
Other UN entities
Financial and Evaluation Info
Total Budget
$1,500,000.00
Project Selected for Evaluation
No
Countries and Regions
Countries or Areas:
Bangladesh, Burkina Faso, Egypt, Gabon, Kazakhstan, Kyrgyzstan, Nigeria, Senegal
Regions:
Africa, Asia
Sub-Regions:
Intermediate Regions:
Countries in Special Situations:
Land Locked Developing Countries (LLDC), Least Developed Countries (LDC)
Areas of Work
SDG
1
10
15
16
17
SDG Targets
1.b
10.5
15.7
15.c
16.4
16.5
16.6
17.19
17.8
Brief Description
This project aims to strengthen the statistical capacity of selected countries across regions to measure illicit financial flows (IFFs), while increasing awareness of the globally agreed definitions, concepts, methods and tools in all regions. Second, the project will consolidate methodological guidelines with the aim to produce estimates on IFFs, also by gathering and aggregating existing early estimates (where possible) from different IFF types (tax and commercial and crime-related IFFs) to allow for the reporting of SDG Indicator 16.4.1. Third, the project will strengthen the capacity of beneficiary countries to develop evidence-based policy responses to curb IFFs and strengthen domestic resource mobilization. It is important to note that policy intervention is not limited to using statistical analyses only but will also work towards developing practical tools and actionable policy interventions. For example, the project will aim to enhance investigative capacities in selected countries, extending the statistical methods by using a recently developed algorithm that utilises open-source tools to allow for the cost-effective investigation of IFFs by applying machine learning techniques. As a result, countries will be able to measure and report on IFFs and work towards building a policy response or action agenda to curb IFFs accordingly.
Objective and Expected Outcomes
Objective
To strengthen the capacity of developing countries across regions to produce standardized estimates of illicit financial flows and enhance investigative and analytical capacities to develop evidence-based policy responses to monitor and curb illicit financial flows.
Expected Outcome 1
Enhanced statistical capacity of statisticians in selected countries to measure IFFs in line with the concepts and methods endorsed by the UN Statistical Commission.
Expected Outcome 2
Enhanced capacity in selected countries to produce validated and comprehensive IFF estimates in line with the UNCTAD-UNODC conceptual framework for reporting on SDG indicator 16.4.1.
Expected Outcome 3
Strengthened capacity of policy makers in selected countries to develop evidence-based policy responses using the measurement results from tools/toolkits developed to curb IFFs.