(October 20, 2005) The Paris Club of creditor nations has agreed a debt relief deal with Nigeria worth $18 billion.
Nigeria’s reforms rewarded with $18bn debt relief
(October 20, 2005) Rich Western creditor nations yesterday rewarded determined efforts by Nigeria’s Government to reform its economy and tackle corruption with a write-off of $18 billion of debt.
Nigerian threat to repudiate helps force Paris Club to deliver debt cancellation
(October 20, 2005) “Nigeria’s debt write-off at the Paris Club demonstrates the partial success of the Nigerian parliament’s threat to cancel its own debt through repudiation, which helped to force the hand of these creditors.”
Nigeria debt deal fuels group’s optimism
(October 20, 2005) “Most Nigerian debt was lent to corrupt dictators by irresponsible creditors. These creditors should now recognize their responsibility and fully cancel Nigeria’s debt.” – Otive Igbuzor, ActionAid country director for Nigeria.
U.S. Sen. sees progress in banks anti-corruption fight
(October 20, 2005) International development banks have made progress in fighting corruption in their organizations, the U.S. Senate sponsor of anti-corruption legislation said.
Speakers highlight plight of poor in debt-ridden countries
(October 19, 2005) Wahu Kaara speaks to students about the damage of third-world debt.
Worst corruption offenders named
(October 18, 2005) Corruption leads to much-needed resources leaking overseas.
Fighting fraud and corruption: World Bank fills out its armoury of counter measures
(October 3, 2005) Corruption remains a formidable barrier to development, the recently appointed World Bank President Paul Wolfowitz said in his first address to the annual World Bank and International Monetary Fund meetings in Washington.
Dictator-hunter homes in on ‘Africa’s Pinochet’
(October 3, 2005) A U.S. human rights lawyer who campaigns to bring ex-dictators accused of atrocities to justice has set his sights on snaring a former U.S.-backed ruler of Chad he calls "Africa’s Pinochet."
Loot: Let’s emulate Nigeria
(September 30, 2005) After years of negotiations, Switzerland has finally agreed to repatriate to Nigeria millions of dollars stolen and stashed in its banks by former dictator Sani Abacha.
The phantom of debt relief: a historical dimension
(September 30, 2005) "It is instructive that while African countries were earning huge royalties from the exploration of their mineral resources, their leaders did not stop at looting the treasury with the advice and connivance of their Western mentors and advisers."
Check against misuse of foreign aid
(September 29, 2005) A top economic consultant said it appeared African aid had been insufficiently allocated and in some cases simply looted by irresponsible governments with a consequent legacy of unsustainable odious debt.
Debt relief for Nigeria: Not yet uhuru
(September 29, 2005) “Since the debt by President Obasanjo’s own admission, are of dubious origin, the issues of the responsibilities of the creditors must be put on the table during the discussions with the Paris Club in September.”
Nigeria without external debt
(September 27, 2005) “We should learn from our past experience by ensuring that we no longer take loans in an unregulated or uncontrolled manner. We believe that the environment is no longer conducive and all that abuse is now in the past.”
Cautious welcome to debt relief deal
(September 27, 2005) Jubilee USA Network welcomed the agreement reached by the IMF and World Bank to implement the G-8 debt relief for 18 poor countries, but raised concerns about unresolved details of the deal.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
Other News Sources
Probe International 