80 likes | 222 Views
Brazil: Capital Flight, Illicit Flows, and Macroeconomic Crises, 1960-2012. An Overview of GFI’s September 2014 Report with a Comparison to the BRICS. Raymond Baker President, Global Financial Integrity September 9, 2014. Cumulative Illicit Outflows.
E N D
Brazil: Capital Flight, Illicit Flows, and Macroeconomic Crises, 1960-2012 An Overview of GFI’s September 2014 Report with a Comparison to the BRICS Raymond Baker President, Global Financial Integrity September 9, 2014
Cumulative Illicit Outflows US$401.6 billion flowed illicitly out of Brazil from 1960 through 2012. • US$372.3 billion (or 92.7%) from trade misinvoicing. • US$29.4 billion (or 7.3%) due to illicit hot money outflows.
Components of Brazil’s Illicit Financial Flows (1960-2012) (in millions of U.S. dollars)
Illicit Financial Flows from Brazil: 1960-2012 (in millions of U.S. dollars)
BRICS: Cumulative IFFs, 2002-2011 (in millions of U.S. dollars)
BRICS: IFFs to GDP, 2002-2011 (in percent of GDP)
Contact Information Today’s Speakers: Press Inquires Direct all press inquiries to: Clark Gascoigne Communications Director Global Financial Integrity cgascoigne@gfintegrity.org +1 202 815 4029 Raymond BakerPresidentGlobal Financial Integrityrbaker@gfintegrity.org+1 202 293 0740 www.gfintegrity.org