Paul Goldstein | Globe Afrique |
The World Bank estimates African countries are losing between US$20 to US$40 billion every year through the exploitation of resources by multinational corporations, mismanagement of development aid, double-dealing, fraud, and embezzlement.
Over the years, developed nations have been condemned for doing very little to repatriate assets stolen from developing countries. Today, the recovery and return of misappropriated assets have been recognized as a priority in the Addis Agenda and an indispensable element towards the financing of the 2030 Agenda for Sustainable Development. Under Chapter V of the Accord, the return of assets is acknowledged as a fundamental principle making it the framework for global asset recovery efforts.