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Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent
Paperback
$25.95
By Léonce Ndikumana, Alcinda Honwana (Editor), James K. Boyce, International African Institute (Editor), Royal African Society (Editor), World Peace Foundation (Editor), Alex de Waal (Editor), Richard Dowden (Editor), Stephanie Kitchen (Editor)
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In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa's foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their g...