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Africa's odious debts : how foreign loans and capital flight bled a continent / Léonce Ndikumana and James K. Boyce.
Series: African argumentsPublication details: London ; New York : Zed Books ; New York : Distributed in the USA exclusively by Palgrave Macmillan, 2011Description: xi, 135 p. : ill., map ; 20 cmISBN:- 9781848134584 :
- 1848134584 :
- 9781848134591 (pbk.)
- 1848134592 (pbk.)
- How foreign loans and capital flight bled a continent
- HJ8826 .N37 2011
Contents:
Summary: "Africa's Odious Debts explodes the myth that Africa is a drain on the West's finances, revealing that the continent is actually a net creditor to the rest of the world. Of the money borrowed by African governments, more than half departs in the same year, with a significant portion of it winding up in private accounts at the very banks that provide the loans. Meanwhile, debt-servicing means less money for public health and other needs. Revealing the intimate links between foreign loans and capital flight, this is a vital book for anyone interested in Africa, its future and its relationship with the West."--P. [4] of cover.
Tales from the shadows of international finance -- Measuring African capital flight -- The revolving door -- The human costs -- The way forward -- Appendix 1. Tables -- Appendix 2. Senior policy seminar on capital flight in sub-Saharan Africa.
| Item type | Current library | Home library | Shelving location | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|---|
Books
|
American University in Dubai | American University in Dubai | Main Collection | HJ 8826 (Browse shelf(Opens below)) | Available | 5069007 |
"In association with International African Institute, Royal African Society, Social Science Research Council."
"Africa's Odious Debts explodes the myth that Africa is a drain on the West's finances, revealing that the continent is actually a net creditor to the rest of the world. Of the money borrowed by African governments, more than half departs in the same year, with a significant portion of it winding up in private accounts at the very banks that provide the loans. Meanwhile, debt-servicing means less money for public health and other needs. Revealing the intimate links between foreign loans and capital flight, this is a vital book for anyone interested in Africa, its future and its relationship with the West."--P. [4] of cover.
Includes bibliographical references (p. 121-130) and index.
Tales from the shadows of international finance -- Measuring African capital flight -- The revolving door -- The human costs -- The way forward -- Appendix 1. Tables -- Appendix 2. Senior policy seminar on capital flight in sub-Saharan Africa.
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