Wednesday, 16 July 2014

Who Aids Whom? Exposing the True Story of Africa’s $192 Billion Losses | Think Africa Press

Who Aids Whom? Exposing the True Story of Africa’s $192 Billion Losses | Think Africa Press

“It says something about this country. It says something about our standing in the world and our sense of duty in helping others… in short – it says something about the kind of people we are… And that makes me proud to be British.”

As exhibited by UK Prime Minister David Cameron, who made the above comment on 8 June 2013, governments of wealthy countries like to tell tales of generous aid spending and a common responsibility to help those less fortunate in the world. But there is another story to tell. And it is not a story of what is given to continents such as Africa, but of what is taken away.

Research published today reveals that whilst the continent receives $30 billion in aid a year, this figure pales in comparison to the $192 billion leaving the continent via illicit financial flows, the repatriation of multinational company profits, debt repayments, loss of skilled workers, illegal logging and fishing, and the costs imposed as a result of climate change....
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