Category: Odious Debts by Country

Report shows Executive Board approved project on basis of distorted economic analysis

(May 22, 2002) In early June, the World Bank is expected to vote on a political risk guarantee for the Bujagali dam in Uganda.  …  International Rivers calls on the Bank to reconsider the economics of the project, to allow the World Bank Inspection Panel to submit its near–complete report on Bujagali, and to assess Uganda’s promising geothermal potential before taking any further decision on the project.

Odious debt

(May 10, 2002) Some argue that sovereign debt incurred without the consent of the people and not for their benefit, such as that of apartheid South Africa, should be considered odious and not transferable to successor governments.

Final Judgement

(April 18, 2002) The members of the International Peoples’ Tribunal met in Washington, D.D., on April 18, 2002, to pronounce their Final Sentence in the case against the Debt substantiated in the public hearings held in Porto Alegre, in February, as part of the II World Social Forum.