The cost of conflict on African development was approximately $300bn between 1990 and 2005, according to new research by Oxfam International, IANSA and Saferworld. This is equal to the amount of money received in international aid during the same period.
The study “Africa’s Missing Billions” is the first time analysts have calculated the overall effects of conflict on GDP and comes as diplomats from around the world arrive at the United Nations to discuss an Arms Trade Treaty.

It shows that on average a war, civil war or insurgency shrinks an African economy by 15 per cent. The continent loses an average of $18bn a year due to armed conflict.

Read more at Oxfam, or download the report…

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