Illicit Flows

Illicit Financial Outflows
– Transfer pricing
– Under-invoicing & over-invoicing

182 experts calling for Sri Lanka debt cancellation

Leave a Comment / Debt Justice, Illicit Flows /

Sri Lanka, along with many other low- and middle-income countries, has experienced a series offinancial shocks due to both external and internal factors. Global forces have caused food and energyimport costs to soar and interest rates to rise, even as the currency has devalued significantly. Theseshocks, along with a history of policy mismanagement—and specifically the […]

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Capital flight, oligopoly and economic crisis

Leave a Comment / Illicit Flows, Stolen Assets /

Let me begin by providing a brief critique of the neoclassical explanations on the crisis.   So the neoclassical view or the neoliberal view tries to frame government’s policy failure as the primary cause for the crisis. So they highlight that the high budget deficits reaching about 12.3% due to tax cuts and debt monetization

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