• News
    • Latest news
    • News search
    • Health
    • Finance
    • Food
    • Career news
    • Content series
    • Try Devex Pro
  • Jobs
    • Job search
    • Post a job
    • Employer search
    • CV Writing
    • Upcoming career events
    • Try Career Account
  • Funding
    • Funding search
    • Funding news
  • Talent
    • Candidate search
    • Devex Talent Solutions
  • Events
    • Upcoming and past events
    • Partner on an event
  • Post a job
  • About
      • About us
      • Membership
      • Newsletters
      • Advertising partnerships
      • Devex Talent Solutions
      • Contact us
Join DevexSign in
Join DevexSign in

News

  • Latest news
  • News search
  • Health
  • Finance
  • Food
  • Career news
  • Content series
  • Try Devex Pro

Jobs

  • Job search
  • Post a job
  • Employer search
  • CV Writing
  • Upcoming career events
  • Try Career Account

Funding

  • Funding search
  • Funding news

Talent

  • Candidate search
  • Devex Talent Solutions

Events

  • Upcoming and past events
  • Partner on an event
Post a job

About

  • About us
  • Membership
  • Newsletters
  • Advertising partnerships
  • Devex Talent Solutions
  • Contact us
  • My Devex
  • Update my profile % complete
  • Account & privacy settings
  • My saved jobs
  • Manage newsletters
  • Support
  • Sign out
Latest newsNews searchHealthFinanceFoodCareer newsContent seriesTry Devex Pro
    • Opinion
    • Opinion: Economic Development

    A fix to resolve the rich country-poor people paradox

    Opinion: $89 billion in illicit financial flows leave Africa annually — more than all aid and investment combined — explaining why decades of assistance have failed to lift countries out of poverty. It's time to tackle the money flowing out before pumping more in.

    By Mark Wentling // 24 September 2025

    Related Stories

    What happened at the last FfD conference, and what has changed since?
    What happened at the last FfD conference, and what has changed since?
    Trump has big plans for DFC as reauthorization deadline looms
    Trump has big plans for DFC as reauthorization deadline looms
    Inside the United States’ new ‘trade, not aid’ strategy in Africa
    Inside the United States’ new ‘trade, not aid’ strategy in Africa
    Devex Pro Insider: What we learned at the World Bank meetings
    Devex Pro Insider: What we learned at the World Bank meetings

    Foreign assistance has thoughtlessly been downgraded. But someday, the realization of the vital role aid has played in the exercise of foreign policy will require that it be resurrected. When the day returns for the recognition of the importance of foreign assistance, greater attention should be given to illicit financial flows, or IFFs.

    IFFs are the cross-border movement of money that is illegally earned, transferred, or used. Assessing, redirecting, and ultimately halting IFFs will be necessary if foreign assistance programs are to be built back better.

    When I was ending my tour as USAID director in Tanzania in July 1996, I gave a farewell speech to my national colleagues. I recall saying, “Your country is rich, but it’s populated by poor people. It’s up to you as citizens of Tanzania to work to resolve this contradiction.”

    This article is free to read - just register or sign in

    Access news, newsletters, events and more.

    Join usSign in

    Read more:

    ► Opinion: In Guinea, corruption continues to hinder economic development

    ► Corruption can derail the best of development intentions

    ► Opinion: Financing models are failing African SMEs, so we’re pioneering solutions

    • Economic Development
    • Banking & Finance
    • Democracy, Human Rights & Governance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).
    The views in this opinion piece do not necessarily reflect Devex's editorial views.

    About the author

    • Mark Wentling

      Mark Wentling

      Mark Wentling was born and raised in small towns in Kansas and spent 50 years of his life in Africa. He worked as a Peace Corps volunteer in Togo and then served on the staff of the Peace Corps in Togo, Gabon, and Niger. He joined USAID, serving as its principal officer in six African countries before retiring in 1996 and taking on several USAID contract jobs in Africa. He has worked for CARE, World Vision, and Plan International.

    Search for articles

    Related Stories

    Development FinanceRelated Stories - What happened at the last FfD conference, and what has changed since?

    What happened at the last FfD conference, and what has changed since?

    Development FinanceRelated Stories - Trump has big plans for DFC as reauthorization deadline looms

    Trump has big plans for DFC as reauthorization deadline looms

    Economic developmentRelated Stories - Inside the United States’ new ‘trade, not aid’ strategy in Africa

    Inside the United States’ new ‘trade, not aid’ strategy in Africa

    Devex Pro InsiderRelated Stories - Devex Pro Insider: What we learned at the World Bank meetings

    Devex Pro Insider: What we learned at the World Bank meetings

    Most Read

    • 1
      Opinion: 5 visionaries, 1 mission — transforming maternal health
    • 2
      The role of outdoor mosquito management in malaria control
    • 3
      Road maps for resilience: Guatemala’s approach to overlapping crises
    • 4
      Collaboration key to combatting health worker shortages
    • 5
      World Bank staff alarmed by plan to phase out short-term consultants
    • News
    • Jobs
    • Funding
    • Talent
    • Events

    Devex is the media platform for the global development community.

    A social enterprise, we connect and inform over 1.3 million development, health, humanitarian, and sustainability professionals through news, business intelligence, and funding & career opportunities so you can do more good for more people. We invite you to join us.

    • About us
    • Membership
    • Newsletters
    • Advertising partnerships
    • Devex Talent Solutions
    • Post a job
    • Careers at Devex
    • Contact us
    © Copyright 2000 - 2025 Devex|User Agreement|Privacy Statement