01171nam a22001337a 4500100004200000245012600042260005000168300000700218520060900225650006800834856011500902942000701017999001301024  aBoyce, James K and  Ndikumana, Leonce  aIs Africa a Net Creditor? New Estimates of Capital Flight from Severely Indebted Sub-Saharan African Countries, 1970-1996  aNew YorkbUniversity of Massachusetts,c 2000  a50  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-a-vis the rest of the world.  aCapital flight ,Balance of Payments, Misinvoicing ,Customs Debt  uhttp://iffoadatabase.trustafrica.org/iff/is_africa_a_net_creditor-_new_estimates_of_capital_flight_from_se.pdf  cCF  c264d264