Transcript PowerPoint - Global Financial Integrity

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)
How Trade Misinvoicing Works
BRICS: Cumulative IFFs, 2002-2011
250,000
Millions of U.S. Dollars
200,000
150,000
100,000
50,000
0
2002
2003
2004
Brazil
2005
Russia
2006
India
2007
China
2008
2009
South Africa
(in millions of U.S. dollars)
2010
2011
BRICS: IFFs to GDP, 2002-2011
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
2002
2003
2004
Brazil
2005
Russia
2006
India
2007
China
(in percent of GDP)
2008
2009
South Africa
2010
2011
Contact Information
Today’s Speakers:
Press Inquires
Raymond Baker
President
Global Financial Integrity
[email protected]
+1 202 293 0740
Direct all press inquiries to:
Clark Gascoigne
Communications Director
Global Financial Integrity
[email protected]
+1 202 815 4029
www.gfintegrity.org