(September 26, 2005) The World Bank’s policy-making committee endorsed a sweeping plan to wipe out billions in debt owed by the world’s poorest countries, most of them in Africa, clearing the way for debt relief to begin early next year.
Debt cancellation for 18 poor countries unlikely to be finalized this weekend
(September 23, 2005) Global shareholders in the World Bank and International Monetary Fund (IMF) are unlikely to agree this weekend on a debt deal for 18 of the world’s poorest countries, the lending institutions’ heads said Thursday as wealthy nations bickered over who would pay for the effort.
Debt deal in question
(September 22, 2005) Arbitrary criteria have been used to exclude most countries from debt relief. While it may be politically expedient for powerful countries to pretend that only a small set of countries need debt cancellation, it is time to explode this myth." – Christian Aid.
A big idea for aiding Africa – think small
(September 21, 2005) In the lead up to the annual meetings of the World Bank this weekend in Washington, where Africa will be high on the agenda, economist Korinna Horta and Lori Pottinger of the International Rivers Network Africa program claim the bank’s plan to pursue investment in large-scale infrastructure projects for the continent needs rethinking, based on the failure of past mega-projects in Africa, such as the corruption plagued Lesotho Highlands Water Project.
Lesotho, SA to ink deal on highlands water project
(September 19, 2005) Lesotho and South Africa will sign an agreement for the feasibility study of the second phase of the Lesotho Highlands Water Project at the Mohale Dam this week.
Akanbi reels out causes of corruption in Nigeria
(September 16, 2005) Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) fingered four major reasons why corruption caused Nigeria to be rated the third most corrupt country in the world.
Officers face suits over wealth declaration
(September 16, 2005) Public officers who have not declared their wealth may from next week find police officers knocking at their doors, ready to bundle them off to court.
Why past efforts at tackling corruption failed, by Akanbi
(September 15, 2005) Chairman of the Independent Corrupt Practices and Other Related Offences Commission said lack of political will and inconsistencies in implementing anti-corruption measures were major reasons efforts to curb graft in Nigeria had failed in the past.
The Paris Club debt relief: Matters arising
(September 15, 2005) The debt deal the Paris Club is offering Nigeria is not a relief but an “attempt to relieve us of our resources”.
Factors retarding growth of Nigeria’s federal system
(September 14, 2005) “The doctrine of odious debt can help starve autocratic, kleptocratic governments and dismantle out of existence their associated governance structures by reducing the amount of financing available to them.”
The Millennium Development Goals: Meeting Africa’s special needs
(September 12, 2005) In her analysis of the March 2005 UN Millennium Development Goals report, UK and South Africa-based economist and journalist Margaret Legum highlights a report recommendation urging developing countries to “recommit themselves to taking primary responsibility for their own development by strengthening governance, combating corruption and putting in place the policies and investments to drive private-sector-led growth and maximise domestic resources to fund national development strategies.”
Africa: Whatever you thought, think again
(September 8, 2005) Transcript of proceedings, National Geographic / World Bank Special Presentation on Africa, Washington
Bank Heist
(September 1, 2005) Corrupt businesses, politicians, and cronies are stealing hundreds of billions of dollars from the globe’ s poorest people but the World Bank and other MDBs routinely ignore this corruption and capital flight, despite numerous reform efforts.
Debt relief as tragedy
(August 29, 2005) “What is beguiling about the debt forgiveness binge is that in order to have it, Nigeria’s debt managers had to unnecessarily put the noose of IMF conditionalities as holy writs and albatrosses around their own necks.”
Still on debt relief, Sanusi & Co.
(August 21, 2005) Contrary to speculations in Nigeria that debts cannot be written off, they actually can be.


