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… some $20 billion leaves Africa annually through the illicit export of money extorted from development loan contracts. This outflow is not just abstract numbers: it translates to the concrete reality of kids who cannot be put in schools, who will never learn to read, because there are no classrooms; mothers who die in childbirth because the money for maternity care never made it to the hospitals; tens of thousands who die because there are no drugs or vaccines in hospitals; no roads to move produce from farms to markets or enable a thriving economy; no jobs for young school graduates or even ordinary workers; and no security for anyone because the money has been stolen and shipped out.
Nuhu is now also in our house: We are honored to have Nuhu as a visiting fellow here at CGD. He will be spending the reminder of this year drawing lessons from his experience for other countries and for agencies like the World Bank. His work will build on our past research on corruption, including Ted Moran’s Combating Corrupt Payments.
CGD blog posts reflect the views of the authors, drawing on prior research and experience in their areas of expertise. CGD is a nonpartisan, independent organization and does not take institutional positions.
On February 23, CGD President Nancy Birdsall will deliver the first Kapuscinski Development Lecture of 2016 in Berlin, Germany. Her lecture, “The New Middle Class in the Developing World: Does It Matter?” will take a hard look at what it means to be middle class in developing countries and explore the role of strugglers, the rapidly expanding group of people caught between extreme poverty and the middle class.