01119nam a22001337a 4500100004700000245012600047260002200173300000900195520061200204650003600816856011500852942000700967999001100974  aBoyce, James  and  Ndikumana, K Léonce  aIs Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-1996  aPERIbUSAc 2000.  a50p.  aThis paper presents estimates of capital flight from 25 low-income sub-Saharan African countries in the period 1970 to 1996. Capital flight totaled more than $193 billion (in 1996 dollars); with imputed interest earnings, the accumulated stock of flight capital amounts to $285 billion. The combined external debt of these countries stood at $178 billion in 1996. Taking capital flight as a measure of private external assets, and calculating net external assets as private external assets minus public external debts, sub-Saharan Africa thus appears to be a net creditor vis-à -vis the rest of the world.  aCapital flight, Debt Mispricing  uhttp://iffoadatabase.trustafrica.org/iff/is_africa_a_net_creditor-_new_estimates_of_capital_flight_from_se.pdf  cCF  c21d21