By Léonce Ndikumana,James K. Boyce
Léonce Ndikumana and James okay. Boyce demonstrate the intimate hyperlinks among international loans and capital flight. Of the cash borrowed through African governments in fresh many years, greater than part departed within the related yr, with a good portion of it finishing up in inner most debts on the very banks that supplied the loans within the first position. in the meantime, debt-service funds proceed to empty scarce assets from Africa, slicing into cash to be had for public well-being and different wishes. Controversially, the authors argue that African governments may still repudiate those ‘odious bills’ from which their humans derived no gain, and that the overseas neighborhood may still help in this effort.
A very important ebook for an individual attracted to Africa, its destiny and its courting with the West.
Read or Download Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments) PDF
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Extra resources for Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments)
Africa's Odious Debts: How Foreign Loans and Capital Flight Bled a Continent (African Arguments) by Léonce Ndikumana,James K. Boyce