01489nam a22001337a 4500100003900000245007300039260004000112300000900152520100200161650009301163856007901256942000701335999001301342  aSharples,N. Jones,T and  Martin, C  aHonest Accounts?: The true story of Africa’s billion dollar losses  aLondon:  bCurtis Research,c2014.   a40p.  aThe report grapples with the flawed idea that the developed world is  aiding Africa; it is Africa that is aiding the rest of the world through IFFs. The report  looking at the amount Africa loses to the rest of the world, in comparison with what it receives in aid and other inflows – is a response to a growing unease about the truth of financial relationship with Africa. Hence what really needs to happen in order for global poverty to be tackled. The reality is that Africa is being drained of resources by the rest of the world. It is losing far more each year than it is receiving. While $134 billion flows into the continent each year, predominantly in the form of loans, foreign investment and aid; $192 billion is taken out, mainly in profits made by foreign companies, tax dodging and the costs of adapting to climate change. The result is that Africa suffers a net loss of $58 billion a year. world. Yet this drain of Africa’s resources is being ignored in favour of aid propaganda.  aADVANCE-FREE FRAUD, AID, CAPITAL FLIGHT, CAPITAL INFLOW, CAPITAL OUTFLOW, COUNTERFEITING  uhttp://iffoadatabase.trustafrica.org/iff/honest-accounts_final-version.pdf  cCF  c309d309