Category Archives: Odious Debts by Country

SNC-Lavalin executive reveals illegal political donations before corruption inquiry

Posted on March 15, 2013 by

(March 15, 2013) A vice-president from SNC-Lavalin, Canada’s largest engineering company, admitted yesterday before Quebec’s Charbonneau inquiry into corruption in public-works contracts, that it organized its employees to make more than $1 million in illegal political donations. While there was no direct link between the donations and a quarter-billion dollars in contracts the firm was awarded by the provincial government, Yves Cadotte insisted, the company did not want to take any chances. Continue reading →

Posted in By Probe International, Canada, Corruption, Corruption | Tagged , , , | Leave a comment

Grand Inga Dam: Another white elephant for the DR Congo

Posted on November 21, 2011 by

(November 21, 2011) An article in the Daily Maverick argues that the proposed Grand Inga Dam in the DR Congo is a “beautiful vision” that would “fix Africa” by “lighting up the heart of darkness”, powering African industries and forcing countries to rely on each other. Continue reading →

Posted in Africa, African Development Bank, Aid to Africa, World Bank (Foreign Aid) | Tagged , , , , , | Leave a comment

Africa’s odious debts: a new book reveals links between foreign loans and capital flight

Posted on October 4, 2011 by

Africa’s Odious Debts: How Foreign Loans and Capital Flight Bled a Continent, by James Boyce and Leonce Ndikumana. Continue reading →

Posted in Africa, Corruption, Multilateral Development Banks, Odious Debts, Odious Debts by Country, Probe International in the News | Tagged , , , , , , | Leave a comment

Egypt Rethinking Aid Options

Posted on July 15, 2011 by

(July 15, 2011) Since the days of President Anwar Sadat through January of this year, Egypt has relied heavily on Western sources for assistance as well as for loans and credits. Continue reading →

Posted in Corruption, Foreign Aid, Multilateral Development Banks (Foreign Aid), Odious Debts, Odious Debts by Country | Tagged , , , , , , | Leave a comment

Bill Gates: Foreign Aid 2.0

Posted on May 27, 2011 by

(May 27, 2011) Bill Gates’ version of foreign aid should look to Microsoft’s original recipe for success to empower Africa. Continue reading →

Posted in Africa, Aid to Africa, Foreign Aid, Probe International in the News | Tagged , , , , , , , , | 1 Comment

Odious debt and Egypt: revolt citizens, revolt!

Posted on April 27, 2011 by

(April 27, 2011) Egypt’s period of political transition presents an ideal time to examine the odious nature of debt accrued by deposed President Hosni Mubarak’s government, whose time in power amounts to almost 30 years in the borrowing. Continue reading →

Posted in Corruption, Debt Relief, Fair & Transparent Arbitration Process, Middle East, Multilateral Development Banks, Odious Debts, Patricia Adams, Probe International in the News, Seminal Sources, World Bank | Tagged , , , , , | Leave a comment

Lugar Urges International Development Banks to Step Up Corruption Cases

Posted on December 17, 2010 by

(December 17, 2010) U.S. Sen. Dick Lugar announced today that criminal prosecution of firms and individuals caught defrauding the World Bank and the other multilateral development banks is an important deterrent, but use of this tool varies widely among the banks. Continue reading →

Posted in Africa, Foreign Aid, Multilateral Development Banks (Foreign Aid), Odious Debts | Tagged , , , , , , | Leave a comment

Rewarding corruption: World Bank gives more money to corruption-riddled Uganda

Posted on October 14, 2010 by

(October 14, 2010) While corruption in Uganda becomes more endemic, the World Bank continues to hand over millions of dollars of foreign aid funds – not realizing that this money is making the situation worse, writes Brady Yauch. Continue reading →

Posted in Africa, Aid to Africa, Foreign Aid, Odious Debts | Tagged , , , , | Leave a comment