Costa Rica, Panama tops in Central America for bringing in illegal cash flows
Panama and Costa Rica lead the way in illegal money flow in Central America, according to a report issued by Global Financial Integrity. When compared to the country’s gross domestic product, Panama and Costa Rica have the largest illegal cash flow, right ahead of Honduras. Nicaragua, El Salvador and Guatemala rank near the bottom of the list.
A total of $14,000 million per year in illegal cash flows could be found in Central America. The report analyzed the flows of money generated by criminal activities and corruption between 2000 and 2009.
Costa Rica contributed $4,359 million of the grand total (fifth in Latin America). To view the full report, click here. (PDF)
You may be interested
Costa Rica summons IMF law projects to Legislative AssemblyAlejandro Zúñiga - January 26, 2021
The Executive Branch summed 36 bills to the floor of the Legislative Assembly for debate, including three that relate to…
Costa Rica to vaccinate entire adult population against Covid-19Alejandro Zúñiga - January 25, 2021
Costa Rica plans to vaccinate its entire adult population against the coronavirus and has signed a budget to accomplish that…
KLM says it will continue long-haul flights, but rebook passengersAlejandro Zúñiga - January 25, 2021
After initially saying that it would suspend all long-haul flights, KLM announced it has established coronavirus protocols that will allow…