Stop The Bleeding campaign

IFFs imply an unequal distribution of wealth, which leads to higher levels of poverty and inequality. The negative impact on economic development arising from lower levels of investment and reduced Government spending is most keenly felt by the poor. The channels through which IFFs undermine efforts to reduce poverty mainly relate to a loss of Government revenue, leading to higher borrowing and thus lowering levels of expenditure on education, health and infrastructure. Higher levels of poverty are, on average, observed in countries with a higher level of resource dependency. In countries with high levels of capital flight, limited economic diversification and a large proportion of the population living below the poverty line.

The ’Stop the Bleeding’ consortium represents a broad-based constituency covering over 250 African organisations in more than 50 African countries and provides the ideal organisational infrastructure to fast track the new African debt movement to achieve debt relief to African countries. The consortium is rooted in Pan African feminist principles outlined in the African Feminist Charter to inform a decolonised narrative of “social reproduction theory” that builds a narrative of the complex yet existing interaction between production and social reproduction that mainstream economics ignores yet has dire consequences.