This is a colossal plundering of the Nigerian economy through capital flight
and a huge loss of Nigerian jobs.
Meggison said, 'As we know, foreign carriers dominate 100 per cent of the Nigerian sky with capital flight
of about $3bn.
McDonnell said in 2017 that Labour had to "scenario-plan" for capital flight
and a run on sterling, even though he didn't think they were likely.
The ECAP president said most of capital flight
cases were being reported from Peshawar and Quetta and held the unchecked Afghan transit trade responsible for the problem.
GCC economies, with the exception of Kuwait, have their currencies pegged to the dollar, usually hike domestic lending and deposit rates in tandem with the Fed rates to avoid currency speculation and potential capital flight
resulting from interest rate arbitrage opportunities.
came to nearly $135 billion over the decade from 2006-7 to 2016-17, the daily Iran reported.
Saudi Arabia is struggling with rising US rates as it tries to strike a balance between boosting growth and averting capital flight
that would put pressure on the riyal's currency peg, Arabian Business reported.
But in a country like China, where capital flight
is illegal and investors attempt to evade capital controls, transactions might not be recorded at all.
Capital flows to EMs were hit by successive bouts of capital flight
in 2013-16, with non-resident inflows falling from $418 billion in 2012 to $100 billion in 2016.
The Bank of Korea (BOK) needs to consider raising its key rate later this year to prevent possible capital flight
from the country with the U.S.
A top official with China's central bank has said that bad loans have stabilised in the nation and pressure from capital flight
Immediate measures need to be taken to stop brain drain or human capital flight
, which is on the rise in Pakistan.