Research for this report calculates the movement of financial resources into and out of Africa and some key costs imposed on Africa by the rest of the world. We find that the countries of Africa are collectively net creditors to the rest of the world, to the tune of $41.3 billion in 2015. Thus much more wealth is leaving the world’s most impoverished continent than is entering it.
Honest Accounts 2017: How the world profits from Africa’s wealth
Originally published: Jubilee Debt Campaign on 24 May 2017 (more by Jubilee Debt Campaign) (Posted May 25, 2017)
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[…] loses more money each year than it receives in aid, investment and remittances. According to Honest Accounts 2017 more than three times the amount Africa receives in aid was taken out mainly by multinational […]