Africa Loses $275 Billion Annually to International Profit-Shifting, Says AfDB

The Development Finance Bank says the figure which is the 2021 estimate is the same as total net international transfers to Africa in 2022.

The Vice President and Chief Economist (Economic Governance and Knowledge Management) of AfDB, Prof Kevin Chika Urama, raised the observation in Abuja during the launch of the Debt Management Forum for Africa (DeMFA) and