Shadow Finance - Democratic Capitalism at Risk?

Afrika Nå

Disguised corporations, fake foundations, trade misinvoicing, holes in financial regulation, secrecy jurisdictions - what effect does the shadow financial system have on democracy? Raymond Baker, director and founder of US think tank Global Financial Integrity, has spent many years in close vincity to US decision making processes regarding financial secrecy, and advised African governments on curbing illicit financial outflows. At this breakfast seminar, Baker reflects over the implications of financial secrecy on maintaining and fostering liberal democracies. Is democratic capitalism under threat in the 21st century? Light breakfast is served from 08:00, and Baker's presentation will be followed by comments from State secretary at the Ministry of foreign affairs Jens Frølich Holte (H) and Marianne Marthinsen, member of parliament (Ap) and currently writing a book on capital flight. This will be followed by an opening of the floor. Moderator is Kjetil Abildsnes, Senior Adviser, Economic Justice, Norwegian Church Aid.