The effects of illicit financial flows on the realisation of human rights in Zimbabwe

Abstract

Illicit financial flows have become a significant obstacle to economic development and the realisation of human rights. In the context of Zimbabwe, a country grappling with severe economic challenges, Illicit Financial flows (IFFs) have significant implications for financial stability and the realisation of human rights. These illicit activities drain essential resources that could be used to improve public services, infrastructure, and social welfare programs. As a result, the population's access to education, healthcare, and housing is adversely affected, perpetuating poverty and inequality. Diversifying funds through IFFs undermines the government's ability to fulfill its human rights obligations, further exacerbating social and economic disparities. This study investigated the relationship between IFFs, economic growth and Zimbabwe's ability to realise human rights. The study explored how IFFs hinder the realisation of human rights in Zimbabwe, examining the macroeconomic impacts and the direct effects on vulnerable populations. Through this analysis, the study highlighted the urgent need for effective policy measures and international cooperation to combat IFFs and promote sustainable development and human rights in Zimbabwe. Using literature review as a qualitative research method, and critical analysis of existing literature and empirical data, this study revealed that IFFs have contributed to the loss of public funds that Zimbabwe is meant to finance her obligations to her people. The study concluded by recommending policies and strategies to combat IFFs and promote human rights in Zimbabwe and demonstrate the urgent need for policymakers and stakeholders to address IFFs in Zimbabwe to enable her to realise human rights.