Donations From West Mask ‘US$60bn Looting’ Of Africa
- Africa The Guardian 2014
- 3p
The article looks at how donations from the west are used to mask the billions of dollars Africa lose through illicit flows on programs that are sponsored through those donations. Africa loses nearly US$60 billion a year through tax evasion, climate change mitigation, and the flight of profits earned by foreign multinational companies. The idea that aid from the west is helping African countries, has facilitated a perverse reality in which the wealthy governments celebrate their generosity by assisting their companies in Africa in draining resources.
