19
May
Martin Endjala Namibia is intensifying efforts against illicit financial flows (IFFs) that pose significant threats to its economic stability and global trade integrity. Statistician Bojan Nastav emphasised the detrimental impact of IFFs, which include corruption, smuggling, and tax evasion, on Namibia’s socio-political and economic stability. He made these remarks during the national technical working group's workshop on IFF last week in Windhoek. “The outcomes of the workshop will equip the future work of the national technical working group to measure tax and commercial illicit financial flows, identify policy gaps, and develop further estimation and policy recommendations,” he said. Illicit financial…