TY  - BOOK
AU  - Ndikumana,Léonce
AU  - Boyce,James K.
ED  - International African Institute.
ED  - Royal African Society.
ED  - Social Science Research Council (U.S.)
TI  - Africa's odious debts: how foreign loans and capital flight bled a continent 
T2  - African arguments
SN  - 9781848134584 :
AV  - HJ8826 .N37 2011
PY  - 2011///
CY  - London, New York, New York
PB  - Zed Books, Distributed in the USA exclusively by Palgrave Macmillan
KW  - Debts, External
KW  - Africa
KW  - Investments, Foreign
KW  - Capital movements
KW  - Debt Management
KW  - swd
KW  - Economic conditions
KW  - 1960-
N1  - "In association with International African Institute, Royal African Society, Social Science Research Council."; 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
N2  - "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
ER  -