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Africa's Odious Debts
  • Language: en
  • Pages: 185

Africa's Odious Debts

In Africa's Odious Debts, Boyce and Ndikumana reveal the shocking fact that, contrary to the popular perception of Africa being a drain on the financial resources of the West, the continent is actually a net creditor to the rest of the world. The extent of capital flight from sub-Saharan Africa is remarkable: more than $700 billion in the past four decades. But Africa’s foreign assets remain private and hidden, while its foreign debts are public, owed by the people of Africa through their governments. Léonce Ndikumana and James K. Boyce reveal the intimate links between foreign loans and capital flight. Of the money borrowed by African governments in recent decades, more than half departe...

Foreign Dollar Loans in Europe
  • Language: en
  • Pages: 184
International Loans, Bonds, Guarantees, Legal Opinions
  • Language: en
  • Pages: 493

International Loans, Bonds, Guarantees, Legal Opinions

This volume provides coverage of syndicated bank credit agreements and loan transfers, international bond issues including equity-linked bonds, note programs and high yield notes, bondholder trustees and collective action clauses and more.

U.S. Overseas Loans and Grants and Assistance from International Organizations
  • Language: en
  • Pages: 258

U.S. Overseas Loans and Grants and Assistance from International Organizations

  • Type: Book
  • -
  • Published: 1945
  • -
  • Publisher: Unknown

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Global Debt Database: Methodology and Sources
  • Language: en
  • Pages: 52

Global Debt Database: Methodology and Sources

This paper describes the compilation of the Global Debt Database (GDD), a cutting-edge dataset covering private and public debt for virtually the entire world (190 countries) dating back to the 1950s. The GDD is the result of a multiyear investigative process that started with the October 2016 Fiscal Monitor, which pioneered the expansion of private debt series to a global sample. It differs from existing datasets in three major ways. First, it takes a fundamentally new approach to compiling historical data. Where most debt datasets either provide long series with a narrow and changing definition of debt or comprehensive debt concepts over a short period, the GDD adopts a multidimensional approach by offering multiple debt series with different coverages, thus ensuring consistency across time. Second, it more than doubles the cross-sectional dimension of existing private debt datasets. Finally, the integrity of the data has been checked through bilateral consultations with officials and IMF country desks of all countries in the sample, setting a higher data quality standard.