The Global Financial Integrity’s “Illicit Financial Flows from Developing Countries: 2004-2013? study ranks Armenia 70th among 149 countries by the volume of illicit outflows. The study was published on December 9. The average annual illicit financial outflow from Armenia was $983 mln. (http://www.gfintegrity.org/wp-content/uploads/2015/12/IFF- Update_2015-Final.pdf).
Georgia was the 62nd ($1.495 mln), Azerbaijan was the 17th ($9.5 bln). China and Russia held the leading positions ($140 bln and $105 bln per annum, respectively). The illicit financial outflow from Kazakhstan was $16,704 bln, Ukraine – $11,676 bln. Belarus – $8,820 bln, Turkmenistan – $36 mln. In 2004 the illicit financial outflow from Armenia was …read more