Jump to navigation

Vol 51 No 12

Published 11th June 2010


Where the money went

Much more money leaves Africa through Western banks than the West gives Africa as aid. Who gets the profits?

As the Group of Twenty (G-20) countries gets ready to meet in Canada for its economic summit on 26-27 June, African governments are preparing their pitch. This year, it may be different. Firstly, South Africa now represents Africa among the top 20. Secondly, Africa’s economies have been far less affected by the international financial storms than the big Western nations. Meanwhile, the debate about aid and trade is changing fast.

End of preview - This article contains approximately 1149 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.