(February 28, 2007) A recent British high court ruling that permits a so-called "vulture fund" to pursue an enormous profit on its purchase of Third World debt from Zambia has provoked a backlash from global debt campaigners. However, U.S. law professor Larry Cata Backer argues that, within an odious debts context, the fund ought to be able to seek repayment but not from the people of Zambia.
(April 15, 2005) Debtors and creditors both suspect a good portion of debts developing countries owe are odious.
(April 10, 2005) Some people say that Zambia’s external debt should be seen as odious, and thus that it should be written off completely. Why not just write it off?
(March 6, 2004) We want to win the fight against corruption at all costs but we will also ensure that fair justice is given to those implicated. We want justice in our fight against corruption and our men and women in the courts of law are aware of the challenge.
(July 29, 2002) The G8, IMF and World Bank are the source of African countries’problems, Women for Change (WFC) executive director Emily Sikazwe has charged.
(July 27, 2002) The government has engaged forensic auditors to establish the position on the Zambia National Oil Company (ZNOC) US$100 million loan and the sale of ZCCM non-core assets, Parliament heard yesterday.
(July 18, 2002) On Tuesday parliament lifted the immunity enjoyed by former president Frederick Chiluba, who now faces possible prosecution for corruption.
(August 21, 2000) International efforts to cut the debts of the world’s poorest countries are leaving some paying tens of millions of dollars more to their western creditors, Oxfam said today.