Africa: Debt Audits and Debt Repudiation

"Repudiation of odious debt, if properly implemented, is selective rather than indiscriminate. Creditors who lend in good faith for legitimate projects have no reason to fear a fair and transparent process, and no cause to withhold new lending. Indeed by freeing governments from the burden of servicing illegitimate debts and strengthening incentives for responsible lending, the strategy yields a better climate for legitimate borrowers and legitimate creditors alike." - James Boyce and Léonce Ndikumana

Today's two AfricaFocus Bulletins contain selected articles from the newly released issue of the Bulletin of the Association of Concerned Africa Scholars, on "Africa's Capital Losses: What Can Be Done?" The full bulletin is available at http://concernedafricascholars.org/bulletin/issue87/

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