(November 29, 1999) Dam-building companies charged with corruption in a Lesotho court should be suspended from receiving World Bank contracts while they are under investigation, says International Rivers Network.
(November 1, 1999) “Based on some measures of corruption – the more corrupt the government is, the more aid it actually receives.”
(October 21, 1999) The World Bank and other official financiers meet next month to discuss ways out of a corruption scandal reaching from the remote highlands of Lesotho to their own headquarters.
(August 26, 1999) “There is no question that as we move into the global information age, foreign corrupt practices threaten to undermine both the growth and the stability of our global trade and financial system”, said Al Gore.
(August 20, 1999) ‘Corruption has to be tackled head on,’ declared Diane Marleau, Canada’s minister for foreign aid this spring, two months after Canada adopted the OECD’s anti-corruption convention by making bribery of foreign public officials a criminal offence. But on the eve of the world’s first foreign aid-related corruption court case — one involving Canadian engineering giant Acres International — the government agencies concerned mostly appear to be abdicating responsibility.
(August 17, 1999) Business Day’s exposure of bribery on the Lesotho Highlands Water Project is a pointer to the degree to which the practice of corruption is increasingly becoming the norm in substantial sectors of big business.
(May 10, 1999) A global movement is asking Western nations to forgive ‘odious’ debt extended to despotic regimes. The cause has merit, but opposition is building.
(June 3, 1997) Swiss banks have found $3.4 million in assets stashed away by ousted Zairian President Mobutu Sese Seko, far short of the billions the rebels who toppled him claim he has.
(June 1, 1993) The analysis demonstrates that a debt crisis can be expected when borrowing decisions are made by corrupt agents whose behaviour cannot be controlled by their principals.
(June 1, 1993) Arvind K. Jain uses the concept of agency theory to analyse the effects of corruption of the decision makers on the level of foreign debt.