Africa's Odious Debts

Africa's Odious Debts
Author :
Publisher : Zed Books Ltd.
Total Pages : 132
Release :
ISBN-10 : 9781780321462
ISBN-13 : 1780321465
Rating : 4/5 (465 Downloads)

Book Synopsis Africa's Odious Debts by : Professor Léonce Ndikumana

Download or read book Africa's Odious Debts written by Professor Léonce Ndikumana and published by Zed Books Ltd.. This book was released on 2011-10-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departed in the same year, with a significant portion of it winding up in private accounts at the very banks that provided the loans in the first place. Meanwhile, debt-service payments continue to drain scarce resources from Africa, cutting into funds available for public health and other needs. Controversially, the authors argue that African governments should repudiate these ‘odious debts’ from which their people derived no benefit, and that the international community should assist in this effort. A vital book for anyone interested in Africa, its future and its relationship with the West.


Africa's Odious Debts Related Books

Africa's Odious Debts
Language: en
Pages: 132
Authors: Professor Léonce Ndikumana
Categories: Social Science
Type: BOOK - Published: 2011-10-13 - Publisher: Zed Books Ltd.

DOWNLOAD EBOOK

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 resourc
Vulture Funds and the Threat to Debt Relief in Africa
Language: en
Pages: 36
Authors: United States. Congress. House. Committee on Foreign Affairs. Subcommittee on Africa and Global Health
Categories: Business & Economics
Type: BOOK - Published: 2007 - Publisher:

DOWNLOAD EBOOK

Globalisation and Africa
Language: en
Pages: 328
Authors: Daniel A. Offiong
Categories: Africa
Type: BOOK - Published: 2013 - Publisher: African Books Collective

DOWNLOAD EBOOK

Globalisation is often conceptualised as a triumphant juggernaut, a massive inexorable force transforming economies, politics and culture, and inevitably vanqui
Africa in the Age of Globalisation
Language: en
Pages: 312
Authors: Edward Shizha
Categories: Political Science
Type: BOOK - Published: 2016-03-09 - Publisher: Routledge

DOWNLOAD EBOOK

This is a collection of bold and visionary scholarship that reveals an insightful exposition of re-visioning African development from African perspectives. It p
The West and China in Africa
Language: en
Pages: 432
Authors: Alemayehu Mekonnen
Categories: History
Type: BOOK - Published: 2015-11-13 - Publisher: Wipf and Stock Publishers

DOWNLOAD EBOOK

The West and China in Africa: Civilization without Justice is an outcome of Dr. Alemayehu Mekonnen's personal intellectual struggle, life experience, and an att