(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.
Control of our lives
(February 26, 2000) In the international arena, third world debt is not expected to be repaid by those who borrowed it (ex. military dictators and their cronies) but by the populations whom they oppressed.
Dealing with Iraq’s foreign indebtedness
(February 1, 2000) Wajeeh Elali proposes a pragmatic debt-management strategy for Iraq. On the topic "Who is to blame?" Elali includes the "imprudent lending practices" of some western and Arab creditors.
When big dams spell disaster: assessing the Lesotho Highlands Water Project
(December 1, 1999) The Lesotho Highlands Water Project has its origins in the apartheid era. Lesotho Highlands communities are supporting the project, despite the destruction it has caused to their homes and arable land. South African environmental organisations, however, oppose it for various reasons. Steve Rothert explains why this project challenges traditional perspectives about large dams and development.
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