Video: Task Force Economist Léonce Ndikumana on Illicit Financial Flows from Africa
November 27th, 2012
Léonce Ndikumana, a member of the Task Force Economist Advisory Council, appeared on The Real News to discuss his new research on capital flight from Africa. His work found that $1.6 trillion in capital flight and odious debt have left Africa from 1970-2010. Of that sum, he found that at least $619 billion had gone missing, and was illicit. Much of this, he argues, was facilitated by big western banks, tax havens, and other Western financial structures.
The video is below, and runs for 9:51. You can download Ndikumana’s updated research here. [PDF]