Crime And Corruption Cost Developing Countries $6.6 Trillion In Past Decade, Report Shows

Developing countries are losing more money through corruption and tax evasion than they receive in international aid, a new report shows. According to a new report from Washington, D.C.-based advisory firm Global Financial Integrity, the developing world has lost $6.6 trillion in illicit financial flows, which feed crime, corruption and tax-evasion. Moreover, the outflows are increasing at a rate of 9.4 percent every year.