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Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent
Léonce Ndikumana and James K. Boyce
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 governments.
ISBN 13: 9781848134591 | ISBN 10: 1848134592
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