Assembly/AU/Decl.5.(XXIV)
Page 2
Noting the diligence manifested and extensive amount of work undertaken by the
High-level Panel on Illicit Financial Flows from Africa, involving extensive consultations
with a range of stakeholders in Africa and partners in the United States of America and
Europe,
Acknowledging the report of the High Level Panel, and taking note of its findings and
recommendations,
Expressing appreciation to the chair H.E. Mr. Thabo Mbeki, Former President of the
Republic of South Africa and members of the High Level Panel for the rigorous and
comprehensive report produced,
Further Expressing Appreciation to African Governments and organizations and to
Africa’s partners and development agencies for their overwhelming support for the work
of the Panel,
We hereby:
1.
ENDORSE the findings and recommendations of the High Level Panel on Illicit
Financial Flows from Africa;
2.
DECLARE our COMMITMENT to end the chronic illicit financial flows from Africa
which is a huge hindrance to sustainable social and economic development of
our continent;
3.
RESOLVE to ensure that all the financial resources lost through illicit capital flight
and illicit financial flows are identified and returned to Africa to finance the
continent’s development Agenda. In this regard DIRECT AUC, supported by
member states, to mount a diplomatic and media campaign for the return of
illicitly outflown assets.
4.
FURTHER DECLARE our COMMITMENT to adopt and implement the findings
and recommendations of the High Level Panel on Illicit Financial Flows from
Africa and in this connection, we REQUEST the Commission, in collaboration the
Economic Commission for Africa, African Development Bank and the RECs to
follow-up on the implementation of the recommendations of the High Level Panel
report and submit progress reports on the achievements to the Assembly
annually
5.
CALL UPON the International community to adopt and implement the findings
and recommendations of the High Level Panel on Illicit Financial Flows from
Africa
6.
DIRECT the Commission, the Economic Commission for Africa, and African
Development Bank, to disseminate the findings and recommendations of the