by Alex Cobham

Recommendation to the UK Department for International Development

The UK development minister, Hilary Benn has called for rich countries to fund health, education and social security systems in Africa. But aid budgets are limited, and stable finance is critical here. The benefits of this laudable suggestion can only be achieved by rich countries and donors taking measures to address the estimated $385 billion of developing countries' tax revenues lost to avoidance and evasion each year - many times the global aid budget.

OCGG Economy Recommendation No 5 (PDF)