In its annual report published last Thursday and consulted by Libération, the International Narcotics Control Board (INCB) reveals that Africa is under threat from organized crime.
The INCB estimates that $88.6 billion, or about 3.7 percent of the continent’s gross domestic product, and nearly the same amount as the combined annual flows of official development assistance and foreign direct investment, is lost to illicit financial flows each year.
Organized crime networks continue to reap millions of dollars from drug trafficking, the INCB report warns, with negative consequences for societies and economic development.
These range from corruption and bribery to increased organized crime, violence, poverty and inequality.
The money of crime represents globally 1600 to 2200 billion dollars, and drugs represent between 426 and 652 billion dollars, according to the INCB
Financial flows represent the money that is earned, transferred and used illegally by transnational organized crime.
So they use it to maximize their profits globally in their activities.
To counter the negative effects and human cost of this trade, the INCB recommends that governments address all stages of drug trafficking, from production and cultivation to sale and concealment of illegal profits, and share intelligence on organized crime internationally.