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about the book

Africa’s Odious Debts explodes the myth that Africa is a drain on the West’s finances, revealing that the continent is actually a net creditor to the rest of the world. Of the money borrowed by African governments, more than half departs in the same year, with a significant portion winding up in private accounts at the very banks that provide the loans. Revealing the intimate links between foreign loans and capital flight, this is a vital book for anyone interested in Africa, its future and its relationship with the West.

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Praise for Africa’s odious debts

“Probably the most important book on Africa in recent years… a genuine tour de force.”  

– John Christensen, Director, Tax Justice Network

“Lively and readable.”  

Foreign Affairs

“Bravo for an important, timely and influential work.”  

– Raymond Baker, President, Global Financial Integrity

“A rattling read that makes quite a complex subject understandable to everyone.”  

– Jonathan Glennie, Visiting fellow at the International Development Institute, King’s College, London