(November 18, 2005) One of France’s most distinguished diplomats has confessed to an investigating judge that he accepted oil allocations from Saddam Hussein.
Nigeria yet to pay Paris Club
(November 17, 2005) Nigeria is yet to pay the $6.4 billion due to the Paris Club on account of the debt relief granted the country, Finance Minister, Dr. Ngozi Okonjo-Iweala said.
Pinochet tells judge God will pardon him
(November 16, 2005) Chilean former dictator Augusto Pinochet told a judge he doesn’t believe there were excesses during his 17-year rule, and if there were, God would pardon him, a human rights lawyer said.
President signs Foreign Ops bill containing Lugar MDB reforms
(November 15, 2005) U.S. Senate Foreign Relations Committee Chairman Dick Lugar announced that reforms to bring greater transparency and accountability to the five multilateral development banks (MDBs) have been signed into law by President Bush.
Bush signs legislation urging World Bank reforms
(November 15, 2005) Legislation to encourage greater transparency and accountability in the World Bank and other international lending institutions has been signed into law by President George W. Bush.
Debt relief: House raises questions over $12.4B supplementary budget
(November 15, 2005) House members that spoke under the condition of anonymity have accused President Obasanjo of breaching the constitution by going ahead to pay the debt even before the approval of the National Assembly.
Britain criticised for accepting Nigerian debt repayments
(November 5, 2005) £1.7bn windfall is more than African aid budget; critics want Brown to lead the way in refusing money.
Norway takes a stand on ‘illegitimate debt’
(November 2, 2005) Norway’s new coalition government has signalled its intention to support the cancellation of illegitimate debt owed by the world’s poorest countries and the establishment of an international court to hear matters concerning illegitimate debt claims.
Should UK banks do business in Zimbabwe?
(November 2, 2005) Has Robert Mugabe’s regime become uniquely odious, crossed the threshold of decency, and moved beyond the commercial pale?
Equatorial Guineans get poorer despite oil boom
(October 31, 2005) The subject of corruption is taboo in Equatorial Guinea’s tightly-controlled media. But Obiang’s administration has been criticised abroad for misusing the country’s oil riches.
Kenya, World Bank take new steps against corruption
(October 28, 2005) The World Bank and the new Government of Kenya have committed to work closely together on additional measures to fight corruption in development projects.
Nigeria to send $12.4 billion to world’s richest nations
(October 25, 2005) Today Nigeria reached an agreement with its largest creditors, grouped in what is known as the Paris Club. The debt had built up over many years, following loans given by France, Germany, Japan, the UK and others to a string of Nigerian despots.
Dutch lawmakers oppose Nigeria’s debt relief
(October 25, 2005) The $18 billion debt relief package granted Nigeria by the Paris Club of creditor nations may have suffered a major setback as the majority of Dutch parliamentarians have opposed moves by the club to write-off Nigeria’s debt.
Debt cancellation sets looters free
(October 24, 2005) Debt campaigner Jubilee USA claims threat Nigeria’s parliament earlier year halt foreign debt payments helped pressure rich Western creditors negotiate debt write-off deal worth $18 billion.
Debt cancellation sets looters free
(October 24, 2005) The Paris Club cartel of creditor nations confirmed this week a proposed debt relief deal that would grant Nigeria a debt write-off of 67 per cent ($18 billion).
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