(June 18, 2003) "Like the Acres’ verdict before it, the judgment against Lahmeyer throws into doubt the legitimacy of these companies’ involvement in other large dam projects throughout the world," says Ryan Hoover of International Rivers Network.
Other News Sources
Maloney, Leach introduce H.R. 2482 (Iraqi Freedom from Debt Act)
(June 18, 2003) "There is a powerful moral case for relieving the Iraqi people of the debts incurred by Saddam’s murderous regime." says Rep. Carolyn Maloney.
Germans guilty of bribery
(June 17, 2003) Lesotho High Court Judge Gabriel Mofolo found Lahmeyer, a German engineering company, guilty on seven counts for paying R5.9m in bribes to Lesotho Highlands Development Authority former chief executive Masupha Sole over a six year period.
German company guilty of bribery
(June 17, 2003) Lesotho High Court Judge, Gabriel Mofolo, found Lahmeyer, a German engineering company, guilty on seven counts for paying R5.9m in bribes to Lesotho Highlands Development Authority former chief executive, Masupha Sole, over a six year period.
US lawmakers introduce bill to cut Iraq’s debt
(June 17, 2003) Two U.S. lawmakers on Tuesday introduced a bill that would require the United States to persuade Iraq’s creditors, including the World Bank, IMF, France and Russia, to cancel or reduce the Iraqi debt.
Larson previews Economic Forum meeting in Jordan
(June 17, 2003) "I do expect that when the analysis of the numbers has been completed and the analysis of Iraq’s capacity to pay has been undertaken, that it will be necessary to have very significant debt relief for Iraq." says Alan Larson, Under Secretary of State.
Families made homeless as reservoir rises higher than planned
Two houses collapsed and dozens of others were flooded in a village near the Three Gorges dam when the reservoir water level rose higher than expected.
Iraq’s debt
(June 16, 2003) "Instead of embarking on a theological discussion of whether the debt contracted by Saddam Hussein is legitimate, creditors should swiftly reduce the country’s debt-service obligations to manageable proportions." says the Financial Times.
The Editor briefing: US and Russia strive to repair friendship
(June 16, 2003) The new Iraqi government might recognise Iraq’s debts to Russia … and write them off in return for the write-off of Russia’s debts to Paris Club countries.
LEADER: Iraq’s debt
(June 16, 2003) "Instead of embarking on a theological discussion of whether the debt contracted by Saddam Hussein is legitimate, creditors should swiftly reduce the country’s debt-service obligations to manageable proportions," writes the Financial Times.
Families made homeless as reservoir rises higher than planned
Two houses collapsed and dozens of others were flooded in the village of Wuxiangmiao, about 25 kilometres upstream of the Three Gorges dam, when the reservoir water level rose higher than planned, China News Service (Zhongguo xinwen she) reported.
Iraqi Freedom From Debt Act
(June 16, 2003) This House Resolution explicitly marks much of Iraq’s debts odious saying "According to international precedent, debts incurred by dictatorships for the purposes of oppressing their people or for personal purpose may be considered.
Call for Iraq’s debt to be forgiven
(June 15, 2003) "Because Saddam was there for so long and his policies were known, no-one can claim there was a surprise. No-one who handed over the money has any excuse," says leading Pentagon adviser Richard Perle.
Iraq’s debts estimated at $30 billion
(June 13, 2003) Iraq’s outstanding debts to foreign governments [Paris Club members] are estimated at about $30 billion, Hiroshi Watanabe, director-general of the Japanese Finance Ministry’s International Bureau, said Thursday.
Excerpts from a Monitor breakfast on poverty and globalization
(June 13, 2003) James D. Wolfensohn, President of the World Bank, said "There will be significant pressure to deal with the question of debt and there will have to be some form of debt reduction."


