(Sydney Morning Herald November 24, 2003) We have not forgotten what helped Germany after World War II. Without the Americans’ generous repayment plan, there would not have been reconstruction and an economic miracle in Germany.
Other News Sources
Privy Council to hear case on Chalillo dam
(November 24, 2003) The highest court in the Commonwealth will hear the case brought by environmental groups and business owners against the Belize government’s approval of the Chalillo dam.
Forum blasts ‘foreign owned’ Nepad
(November 23, 2003) The New Partnership for African Development (Nepad), which many of Africa’s leaders have pinned their hopes on for economic recovery, has been blasted by civil society as another form of colonialism and imperialism.
Germany backs Iraq debt relief by Paris Club
(November 23, 2003) German Chancellor Gerhard Schroeder said Germany would endorse a reduction of Iraq’s debt to Germany, once Iraq’s security situation and political structure had improved.
Top officials sacked in Three Gorges project shakeup
Two top officials overseeing the Three Gorges project have been removed from their posts, Xinhua news agency reported this week without explanation.
New newspaper probes resettlement-budget shambles
(November 21, 2003) Xiong Deming became a media star in China recently after the Premier himself suddenly appeared in her village and pledged to help her husband collect back-pay owing from a local contractor.
Yali Falls: Cambodia appeals to Vietnam
(November 21, 2003) At least 39 people in northwest Cambodia have drowned, along with thousands of livestock, since construction began on the $1.2 billion Yali Falls dam in 1993, reported Probe International.
Trade, aid and jobs
It does not matter to [Fortis] that [their hydro dam in the Mayan mountains] will not work,
because they have a 50-year monopoly to take their 35% plus interest repayment.
Nigeria intimidating debt profile
(November 20, 2003) The entire process of debt renegotiation and rescheduling may be fraught with shady dealings. Nigerians need to know exactly the status of both the domestic and external debt profile and strategy for tackling it.
U.S.’s Snow sees no threat of trade war over steel
(November 17, 2003) U.S. Treasury Secretary John Snow said he had a figure in mind for how much Iraqi debt should be forgiven.
Experts meet on Africa’s debt in Dakar
(November 17, 2003) Experts from across the continent and beyond would meet from tommorrow to Wednesday in Dakar, Senegal on debt problems in Africa.
U.S.’s Snow has figure in mind
(November 17, 2003) In Europe to discuss trade issues, U.S. Treasury Secretary John Snow told reporters he had a figure in mind for how much Iraqi debt should be forgiven. "It has to be a debt level that’s sustainable and that doesn’t cripple the country going forward, suffocate it,"
Africa is not in flames
While Bono’s oratory may be splendid, his analysis sells Africa short . . . As Africans know too well, the more that their governments have received foreign aid, the more poverty has grown. CBC Commentary
Groups fear Canadian funding for Romanian mine
(November 16, 2003) The World Bank’s refusal to help fund a Canadian company’s controversial development of a huge open pit gold mine in Romania has raised concerns the Canadian government will step in with money.
U.S.’s Snow says France could help to ease Iraq debt
(November 16, 2003) U. S. Treasury Secretary John Snow did not say whether France might forgive Iraqi debt or relieve its debt burden in another way, nor did he give any figures. Iraq owes France $2.994 billion in principal.


