Tag Archives: capital flight

Africa’s odious debts: a new book reveals links between foreign loans and capital flight

Posted on October 4, 2011 by

Africa’s Odious Debts: How Foreign Loans and Capital Flight Bled a Continent, by James Boyce and Leonce Ndikumana. Continue reading →

Posted in Africa, Corruption, Multilateral Development Banks, Odious Debts, Odious Debts by Country, Probe International in the News | Tagged , , , , , , | Leave a comment

New Estimates of Capital Flight from Sub-Saharan African Countries: Linkages with External Borrowing and Policy Options

Posted on April 1, 2008 by

(April 1, 2008) Over the past decades, African countries have been forced by external debt burdens to undertake painful economic adjustments while devoting scarce foreign exchange to debt-service payments. On the other hand, African countries have experienced massive outflows of private capital towards Western financial centers. Indeed, these private assets surpass the continent’s foreign liabilities, ironically making sub-Saharan Africa a “net creditor” to the rest of the world. Continue reading →

Posted in Legal Scholars Advance the Principle of Odious Debts | Tagged , , , , , , , , | Leave a comment