Transparency in Beneficial Ownership. How the G20 Can Support African Countries

Mzukisi Qobo

March 2017; 4 pages

Global Governance Spotlight 1|2017 (pdf)

The fight against illicit financial flows and efforts for more transparency in the global financial architecture are among the priorities of the G20 under German presidency. At the same time, the G20 is seeking to deepen its partnership with Africa. But this partnership can only have a positive impact on development, if tax evasion, money laundering and corruption are pushed back at the same time. In our Global Governance Spotlight 1|2017, Dr Mzukisi Qobo shows how the G20 can support this process, taking the example of transparency in beneficial ownership.

With the integration of a comprehensive peace dimension, the 2030 Agenda for Sustainable Development lays the basis for a new form of engagement with fragile and conflict-affected states – and hence for the eradication of extreme poverty, the reduction of violence, and the narrowing of social and political inequalities. But with "business as usual", these states will not reach the ambitious objectives of the Agenda. In the Global Governance Spotlight 4|2016, Marc Baxmann from FriEnt therefore discusses a set of crucial measures to ensure that the peace dimension achieves its full impact.

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