Pan African emerging movement condemn World Bank and IMF

Pan African emerging movement condemn World Bank and IMF

As the World Bank and the International Monetary Fund (IMF) held their Spring meetings in Washington, Africans Rising for Justice, Peace and Dignity, a Pan African emerging movement is condemning the World Bank's and IMF's lack of action on, and complicity in illicit financial flows from Africa and called on them as well as African governments and regional bodies, to act to #StopTheBleeding of African wealth now. Billions of dollars due to African nations are illicitly leaving the continent. According to the Economic Commission for Africa, illicit financial flows from the continent could be more than US$50 billion a year. That amounts to approximately double the official development assistance that Africa receives. For more news, visit: http://www.sabc.co.za/news