WASHINGTON-based Global Financial Integrity, a research and advocacy organization, has proposed three important strategies to the Philippines to reduce the illicit financial outflows and ensure better revenue collections for the government.

In a report published on its website, the GFI said that over $410 billion flowed illegally into or out of the Philippines between 1960 and 2011, reducing domestic savings, driving the underground economy, and facilitating crime and corruption.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details