Friday, December 13, 2002
Global Witness' investigations in Angola over the past two years have uncovered that at least US$1 billion per year for the last five years – about a third of state income - appears to have been misappropriated from the state’s coffers.
This money is some three times the value of the international humanitarian aid that currently keeps about 10% of Angola’s citizens alive. These allegations have since been supported by official IMF documents leaked to the BBC.
Posted 12:00 pm by Matt Prescott