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Africa losing US$88 billion in illicit financial flows – Speaker Among
AFROPAC’s Chairperson who is also the Chairperson, PAC (Central Government) of Parliament of Uganda, Hon. Medard Sseggona underscored the importance of forming collaborations in the fight against illicit financial flows.
He commended the African Union, South African Development Community Organisation of PAC (SADCOPAC), West African Association of Public Accounts Committees and East African Association of Public Accounts Committees for their support.
“By collaborating, we can create a united front against those who aim to illegally drain Africa’s common wealth and resources. We want to thank the incoming partner, the Global Fund for accepting to work with AFROPAC,” he said.
He said that AFROPAC is dedicated to promoting regional and continental cooperation to establish harmonised policies and take joint action.
He also urged African parliaments to take bold action against illicit financial flows, calling on governments to increase funding to AFROPAC.
“By the time we conclude this conference, we should have actionable resolutions that will strengthen and enhance public financial oversight and equip our countries with tools needed to effectively combat illicit financial flows,” said Sseggona.
The Secretary General of AFROPAC, Hon. Mark Botomani said that ensuring that PAC recommendations are implemented by governments remains a challenge in promoting accountability in Africa.
“The fight against illicit financial flows includes ensuring that public resources are harnessed to sustainable development, economic growth and wellbeing of the citizenry,” Botomani added.
AFROPAC, established in 2013, is a Pan-African network of parliamentary oversight committees aiming to promote good governance, accountability, and transparency in public resource management and government operations across the African continent.
Source:Parliament of Uganda