Illicit financial flow represent a direct threat to sustainable and inclusive development by draining domestic resources that could be used for social spending and productive investment. Curbing these flows is a key target of Goal 16, which, if successful, would have a profound impact on all other Sustainable Development Goal. UNCTAD and United Nations Office on Drugs and Crime, as co-custodians of indicator 16.4.1, are working together to develop an agreed statistical framework for the measurement of IFFs. UNODC brings their expertise on the measuring of IFFs related to criminal activities, and UNCTAD leads the development of measurement approaches for IFFs stemming from tax and trade practices.
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