A civic society organisation has implored all stakeholders to join forces to curb illicit financial outflows that are bleeding the country billions of dollars. Centre for Natural Resources Governance Field Officer Rachel Jamba said new innovations are needed to effectively fight illicit financial outflows.
“Stakeholders including policy makers, academics, security agents and government should sit at the same table and come up with new strategies that can be used to curb illicit financial flows. Strategies that were crafted long back are no longer applicable therefore we need to move with new flexible policies that will address issues on the ground, “she said.
A resource governance expert Fambai Ngirandi said institutional limitations and lack of capacity in government are also promoting illicit financial leakages.
“Institutional limitations are also fundamental in the fight against illicit financial flows. Yes we want security agents to swiftly act on these illicit financial flows, but are their institutions capable of providing resources, “he quizzed.
They were speaking at a stakeholder meeting in Bulawayo.