Developpement – en
Foreign Affairs (July/August 2015) – The Plunder of Africa: How Everybody Holds the Continent Back, by Howard W. French
Discussions about the fate of Africa have long had a cyclical quality. That is especially the case when it comes to the question of how to explain the region’s persistent underdevelopment. At times, the dominant view has stressed the importance of centuries of exploitation by outsiders, from the distant past all the way to the present.
Read MoreSTUDY RELATED TO THE LOCAL INTEGRATION – PARTICIPATION OF COMMUNITY ACTORS AND ADVANTAGES OF THE SUB REGIONAL NELSAP HYDRO-ELECTRICITY AND INTERCONNECTION OF PROJECTS
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Read MoreThe Political Economy of State-building in Situations of Fragility and Conflict: from Analysis to Strategy (Louise Anten, Ivan Briscoe and Marco Mezzera)
A synthesis paper based on studies of Afghanistan, Democratic Republic of Congo, Guatemala, Kosovo and Pakistan
Economic policy and agrarian crisin, DRC 1960/90, by KALALA Kamwanya
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Read MoreAlternative Management Models and Finance Mechanisms for Sustainable Forest Use in the Democratic Republic of Congo
Meeting Report
Alison Hoare, October 2008
New Estimates of Capital Flight from Sub-Saharan African Countries: Linkages with External Borrowing and Policy Options, by Léonce Ndikumana & James K. Boyce (April 2008 )
This paper has presented new evidence on the dramatic financial hemorrhage of African economies through capital flight countries over the past four decades. The estimates indicate that for the sample of 40 countries as a whole over the period 1970 – 2004, real capital flight amounted to $420 billion (in 2004 dollars). Including imputed interest, the stock of capital flight for this group of countries reached a staggering $607 billion dollars in 2004. This exceeds the countries’ combined external debt by $398 billion, making Africa a “net creditor” to the rest of the world. For some countries, including Angola, Côte d’Ivoire and Nigeria, the stock of capital flight is more than four times the stock of external debt.
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