(April 21, 2001) A recent Argentinian court decision on foreign debt sends a clear message to the citizens of highly indebted countries that international creditors were responsible for ensuring foreign loans were not used for the interests and needs of the state.
Still Waiting for the Jubilee: Pragmatic Solutions for the Third World Debt Crisis
(April 1, 2001) David Roodman calls for debt relief strategies focused on reducing rich-country import barriers, scaling back export credit agencies and creating a sovereign bankruptcy panel to cancel “odious debts.”
Looting Indonesia: The energy brokers ‘warm-up’ for California
(March 28, 2001) Micheal Billington argues that American energy companies profited from the “cronyism and corruption” of the Suharto government, and the Indonesian public is now paying the price.
Domestic crony capitalism and international fickle capital: is there a connection?
(March 1, 2001) The director of the Project on Corruption and Globalization at the Brookings Institute examines the connection between domestic crony capitalism and dependence on volatile international capital flows such as international bank loans.
The concept of odious debt and its relevance to Indonesia
(February 23, 2001) For creditors to expect any protection for their loans to foreign states, their loans must be utilized for the needs and interests of the state; otherwise the loans belonged to the power which contracted them, and were therefore, debts of the regime.
Export Credit Agency finance in Indonesia
(January 1, 2001) EDF report concludes that ECAs played a major role in financing environmentally and socially unsustainable investments by assisting foreign investors in supporting Suharto’s system of economic and political monopolies.
Africa’s Development Crisis – Another Berlin Conference is Possible
(January 1, 2001) A huge chunk of the external debt of African countries is composed of debt contracted in questionable circumstance. Two-thirds of Nigeria’s over $28 billion external debt was contracted between 1983 and 1998 when the military held sway.
Publicly guaranteed corruption: corrupt power projects and the responsibility of export credit agencies in Indonesia
(November 2000) According to Peter Brossard, foreign companies in Indonesia secured exorbitant profits by participating in Suharto’s corrupt regime. All the while, these comapnies were given political and financial support by northern governments, international financial institutions and export credit agencies.
Publicly guaranteed corruption
(November 1, 2000) According to Peter Bosshard, foreign companies gained from Indonesian corruption while recieving political and financial support from northern governments, international financial institutions and export credit agencies.
Dams on trial: The World Bank and the “cancer of corruption” — The Lesotho case
(September 1, 2000) Antonio Tricarico Campagna per la riforma della Banca mondiale.
US Policy Towards Nigeria: An Agenda for Justice
(August 21, 2000) If the U.S. government is serious about supporting democracy, it should immediately and unilaterally cancel Nigeria’s U.S. debt and publicly pressure Europe to follow suit.
The Doctrine of ‘Odious Debts’
(August 2000) Does international law provide a remedy to instances where debts are contracted for purposes of committing recognised international wrongful acts? A contemporary case of the Apartheid Debts
Criminal debt in the Indonesian context
(July 3, 2000) Associate Professor of Political Economy at Northwestern University discusses the concept of criminal debt and corruption of World Bank funds in Indonesia.
Export Credit Agency finance in sub-Saharan Africa
(July 1, 2000) ECA activities in Africa are linked to mismanagement, environmental disruption, corruption, and increasing social conflict.
World Bank: management controls stronger, but challenges in fighting corruption remain
(April 1, 2000) GAO report evaluates WB management controls used to curb corruption.
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