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Africa's odious debts how foreign loans and capital flight bled a continent

By: Material type: TextTextPublication details: London Zed Books 2011Description: xi, 135 p. : ill., map ; 20 cmISBN:
  • 9781848134591
Subject(s): DDC classification:
  • 336.343NDI
Summary: 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
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Item type Current library Call number Status Barcode
Book Book UONGOZI Institute Resources Centre - Dodoma Africa 336.343NDI (Browse shelf(Opens below)) Available UR006373

Includes bibliographical references (p. 121-130) and index.

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 00 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 governments.

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