Opposition Citizens Coalition for Change (CCC) leader Nelson Chamisa has bemoaned the scourge of corruption, which he says has resulted in US$1,8 billion being lost through illicit financial flows (IFFs).
Addressing party supporters at Rujeko grounds in Masvingo on Sunday, Chamisa promised that if elected into power, his government would legislate for life sentences for corrupt individuals. Chamisa said:
Corruption has killed the country. US$1,8 billion is lost through illicit financial flows and the billions are being enjoyed by a few individuals. When we get into power, corruption charges will attract life sentences.
Those doing shady deals . . . the first thing we are going to do is to review all decisions that were not made or done in the national interest. If the deals are not helping the country, we will reverse them.
In a 2022 national budget strategy paper, the Zimbabwe Coalition for Debt and Development (ZIMCODD) said IFFs were increasingly becoming a cause of concern globally, adding that they would impact negatively the realisation of sustainable development goals (SDGs). Said ZIMCODD:
The obvious impact of illicit financial flows is loss of revenue much-needed for the attainment of SDGs, hence they prejudice countries of millions and billions of dollars which would have been channelled towards domestic consumption and for private and public investment.
Leakages are happening as financial inflows have been dwindling at the backdrop of increased needs due to the growing population, and increasing cases of eventualities due to climate change.
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