The US Condemns Houthis for Abducting Bulgarian Sailors
Barbara Leaf, the US Assistant Secretary of State for Middle East Affairs, criticized the Yemeni Houthis for their inhumane actions in capturing merchant ships, including the "Galaxy Leader"
Bulgaria has been ranked 38th out of 143 countries by illicit financial outflows in 2001 - 2010, according to a study of Global Financial Integrity (GFI).
The capital outflows stem from crime, corruption, tax evasion, and other illicit activity.
The amount of illicit outflows from Bulgaria for the said period was USD 36.92 B. Bulgaria's northern neighbor Romania is 55th with USD 42.5 B.
China tops the list with USD 2.688 T. The others in the top 10 are Mexico with USD 476 B, Malaysia - USD 285 B, Saudi Arabia - USD 210 B, Russia - USD 152 B, Philippines - USD 138 B, Nigeria - USD 129 B, India – USD 123 B, Indonesia: USD - 109 B, and the United Arab Emirates – USD 107 B.
Global Financial Integrity (GFI) promotes national and multilateral policies, safeguards, and agreements aimed at curtailing the cross-border flow of illegal money. In putting forward solutions, facilitating strategic partnerships, and conducting groundbreaking research, GFI is leading the way in efforts to curtail illicit financial flows and enhance global development and security.
According to its experts, from 2001 to 2010, developing countries lost USD 5.86 T to illicit outflows, while they lost USD 859 B in illicit outflows in 2010, an increase of 11% over 2009.
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