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n my country, when I took charge of our government a year back, in the 10 years preceding that our total debt went up 4 times. As a result; the total revenue we collect in one year, half of it went into debt servicing. How will we spend on our 220 million population when our money was plundered by the ruling elite? And when we located properties of these corrupt leaders in western capitals, we find it so difficult to retrieve it. If we retrieve the plundered money, we could spend it on human development. But there are laws protecting these criminals. We don’t have the money to hire lawyers worth millions of dollars. The rich countries must show political will; they can not allow this flight of capital from poor countries through corruption. How can poor countries meet the United Nations SDG’s when money for human development can easily leave our countries? There must be a deterrent; the corrupt ruling elite must not be allowed to take money out and park it in tax havens. Why is it legal to have tax havens where you have these secret accounts? The world is changing; if the poor get poorer and the rich get richer, there will be a crisis soon. It will lead to a major crisis. The world bank, the IMF, the Asian developing bank must find a way to stop this plunder. (en) |
