Jubilee Debt Campaign, along with ten other organisations, including Health Poverty Action and the African Forum, has published research which reveals Africa is losing $192 billion every year to the rest of the world – almost 6 and a half times the amount of ‘aid’ given back to the continent. This research is the first attempt to calculate Africa’s losses across a wide range of areas. These include: illicit financial flows; profits taken out of the continent by multinational companies; debt payments; brain drain of skilled workers; illegal logging and fishing and the costs incurred as a result of climate change.
Read the 9-page briefing
Read the 40-page report