Category: Essays and Reports

Export credit agencies’ graft crackdown stalls

(February 15, 2006) New international anti-bribery guidelines for export credit agencies were due to be agreed in principle early next month. Opposition from Berlin and Tokyo, plus several smaller countries, means the decision will now be delayed by months, if not years, according to officials close to the negotiations, which are taking place in the Paris-based Organisation for Economic Co-operation and Development.

Export bribery rules challenged

(February 15, 2006) Tough new guidelinesGermany and Japan have challenged new draft global anti-corruption guidelines for exporting companies, according to documents seen by the BBC. The countries say that rules aimed at improving the transparency of export credit agencies are too bureaucratic.

The impact of debt burden on women

(February 2, 2005) The early 1980’s financial crisis faced by many countries in the South had unpayable debt service as the immediate cause that was precipitated by the tight money policies in the rich countries that drastically hiked international interest rates. The debt debate ignores the fact that debts were contracted as a result of borrowing by undemocratic governments that were not mandated by the people.