Addressing illicit financial flows (IFFs), revenue mismanagement and corruption is one of four imperatives highlighted by UN secretary-general António Guterres that must be enacted to ensure that the benefits of mineral resources reach all people in society, not just elites, while safeguarding the natural environment.

Speaking at the Global Roundtable on Transforming Extractive Industries for Sustainable Development, the secretary general was reinforcing the UN’s efforts to play a lead role in curbing IFFs, in which misinvoicing in the extractives sector is seen as a key economic development challenge for resource rich developing countries.

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