by Abe Bobb
Eric LeCompte, Executive Director of the religious anti-poverty group, Jubilee USA Network, releases the following statement:
"The summit puts a spotlight on the most important issues facing Africa today, from trade to corporate tax avoidance to poverty.
"Africa is losing billions of dollars a year to illicit financial flows. For every dollar it receives in official aid, Africa loses about $15 to debt, corporate tax avoidance and illicit flows. Money is flowing out far faster than it is flowing in.
"We need to create structures to end the flow of dirty money.
"As World Bank President Jim Kim notes, debt relief and economic growth in Africa are intertwined.
"It's imperative that tax, debt and trade policies benefit the world's poorest citizens."