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New report reveals growing inequalities in ECOWAS states due to IFFs and debt challenges
By Isaac OGANGA
The Economic Community of West African States (ECOWAS) countries continue to exhibit elevated levels of inequalities among their populations due to unaddressed illicit financial flows and debt challenges.
This is according to a report by TJNA and Oxfam that reveals high levels of income inequality within the countries and calls for deliberate steps to be taken to ensure just, fair, equitable, and progressive tax regimes in the region.
The report titled ‘Interlinkages between debt, illicit financial flows and Inequality in the ECOWAS sub-region in the post Covid-19 era’ examines the magnitude of illicit financial flows and the current trends in debt accumulation and inequalities in West Africa.