By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Illegal outflows from Brazil for the past fifty years have sapped hundreds of billions of dollars from the Brazilian economy, says a new study released this week by Washington DC-based non-profit research company Global Financial Integrity (GFI). The report, which was funded by a grant from the Ford Foundation, is the fifth country case study released by GFI to date.
“Brazil has a very serious problem with illicit financial flows, and curtailing them should be a priority for whichever administration wins the forthcoming elections,” stated GFI President Raymond . . .