(August 15, 2005) U.N. Secretary-General Kofi Annan on Monday ordered the entire procurement division of the United Nations – a multi-billion-dollar operation – to be investigated.
(July 27, 2005) Iraq has announced its settlement terms for Saddam-era commercial debt prior to August 1990. It is estimated that the total debt in this category may be $20 billion, of which about 85% will be eligible for settlement.
(July 26, 2005) An update of a report by UK-based charity organization Medact has found growing evidence of corruption and a lack of transparency within Iraq’s Coalitional Provisional Authority.
(July 26, 2005) The Republic of Iraq today announced its intention to offer to settle outstanding Saddam-era commercial claims against Iraq and Iraqi public sector obligors through a cash buyback.
(January 24, 2005) The authors of a new report on post-conflict reconstruction have warned that efforts to rebuild Iraq have so far proved wasteful, ineffective and rife with corruption.
(June 30, 2005) The U.S. should take the lead in lobbying for a U.N. Security Council resolution to create an international arbitration tribunal to hear cases of odious debt; those filing claims against Iraq would have "to prove that the debt is not odious."
(June 29, 2005) Around 50 protestors dressed as pirates beat drums and gongs and blew whistles in a demonstration outside the Iraq Petrolem conference held in the Hilton Hotel in London today.
(June 27, 2005) There is massive corruption in most Iraqi government ministries as a legacy of Saddam Hussein’s era, the Iraqi anti-corruption commission has said.
(June 23, 2005) The United Nations is being urged to stop paying billions of dollars in reparations from Iraq – one of the world’s most indebted countries – to claimants, many of them from Kuwait, one of the world’s richest nations.
(June 22, 2005) International social justice groups are calling on the United Nations to stop paying out millions of dollars in Iraqi oil revenues in war reparations, claiming Iraqi citizens should not be held responsible for Saddam Hussein’s actions.
(June 1, 2005) International social justice activists are gathering in Geneva, Switzerland from June 15 to June 30 to demand economic justice for Iraqi citizens, reports the London-based debt campaigner Jubilee Iraq.
(April 12, 2005) When is foreign aid not foreign aid? When it is debt written off by governments that should never have lent it in the first place.
(April 1, 2005) Russia will sign an agreement this year finalising a plan to write-off most of the money owed to it by Iraq, a Finance Ministry official said.
(March 29, 2005) To his credit, United Nations Secretary-General Kofi Annan knows that his beloved UN faces a crisis of legitimacy. But he’s the last man on Earth who can fix it.
(March 11, 2005) Debt campaigners called on Iraqi creditor nations this week to make details of claims against Iraq public, so citizens of Iraq and the creditor countries concerned could assess the legitimacy of funding provided to the former regime of Saddam Hussein.