This updated Honest Accounts follows the first version published in 2014.The 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. The report reveals that $134 billion entered the continent this year, mainly in the form of loans, foreign investment and aid while $192 billion was taken out, mainly in profits made by foreign companies, tax dodging and the costs of adapting to climate change hence Africa was suffered a net deficit of $58 billion a year. Thus much more wealth is leaving the world’s most impoverished continent than is entering it.
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