01511nam a22001337a 4500 Sharples, Natalie Honest Accounts?The true story of Africa’s billion dollar losses: Briefing London: Curtis Research, 2014. 9p. The briefing 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 that the UK public is nothearing the truth about the financial relationship with Africa. And hence what really needs to happen in order for global poverty to be tackled. The reality is that Africai 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. ADVANCE-FREE FRAUD, AID, CAPITAL FLIGHT, CAPITAL INFLOW, CAPITAL OUTFLOW http://iffoadatabase.trustafrica.org/iff/honest-accounts-briefing-v4-web.pdf CF 312 312