African development possible if illicit financial flows are stopped

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Jacob Zuma. UN Photo/Manuel Elias

Africa can manage its own development agenda if the "scourge" of illicit financial flows is stopped.

That's what the President of South Africa, Jacob Zuma, told the UN General Assembly on Tuesday, as the first day of the general debate of world leaders got underway in New York.

Jocelyne Sambira has more details.

The UN and the African Union estimates that illicit financial flows out of Africa could be as much as US$ 50 billion a year. 

Jacob Zuma, the South African President told world leaders at the UN that if those flows are stopped the continent could implement its own development.

"Illicit financial flows deprive developing countries of the much needed economic resources to uplift their economies in order to provide infrastructure and basic services such as education and healthcare. We urge the world at large to treat this problem with the seriousness and urgency that it deserves."

President Zuma also repeated his call for greater African representation on the UN Security Council, saying that "one billion people cannot continue to be denied a voice in this manner."

Jocelyne Sambira, United Nations

Duration: 1’06″

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