(February 1, 2004) In addressing Africa’s struggle for relief from its onerous external debt, advocates of global justice have raised a critical question: Who owes whom? Millions of people on the continent and throughout the world have concluded that it is the countries of the Global North that are heavily indebted to African countries for over a century of exploitation.
After Iraq, let’s forgive some other debts
(February 1, 2004) It is right that most of Iraq’s debt should be forgiven – but so, too, should the debt for new democracies forced to endure the hangovers from the self-aggrandizing binges of their autocratic predecessors.
Documents indicate that Hussein paid off officials, journalists
(January 30, 2004) The regime of deposed President Saddam Hussein paid off Western and Arab countries through illicit oil sales and bribes in exchange for their support for the regime, claims Baghdad daily "Al-Mada".
Bashar ‘ready to return’ Saddam cash stashed in Syria
(January 30, 2004) Syrian President Bashar Al-Assad is ready to return to Iraqi authorities money stashed in Syria by ousted President Saddam Hussein but does not want to give it to the Americans in Baghdad, a member of Iraq’s transitional Governing Council said yesterday.
Shh . . . Iraq (US) owes $200bn war debt
(January 30, 2004) There has been a lot of discussion of debt forgiveness for Iraq, but there have also been some interesting, almost forbidden, topics in the debate.
British Privy Council approves Belize dam to be built by Canadian firm
(January 29, 2004) In a split 3-2 judgment, a judicial committee of the council ruled that the environmental impact assessment done by regulatory authorities in Belize was sufficient to support construction of the dam.
Iraq debt must be written off – Brown
(January 29, 2004) Chancellor Gordon Brown of Britain’s New Labour Party told MPs the "vast majority" of Iraq’s US$120 billion international debt must be written off to stabilise its economy.
Hu to focus on energy tie-ups in Africa
(January 28, 2004) On only his third trip abroad as president, Hu Jintao is visiting three African countries, reflecting China’s growing need for natural resources to fuel its booming economy.
US judge may dismiss apartheid lawsuit
(January 28, 2004) If victims of apartheid had a case against companies dealing with the apartheid state, then electrical companies could be sued for their part in deaths on the electric chair, a judge argued this week.
Kalam calls for corruption-free society
(January 27, 2004) The President of India, A.P.J. Abdul Kalam, called for a corruption-free public life for achieving the dream of making India a developed nation by 2020.
Cancel Iraqi debt? What about Africa?
(January 26, 2004) The almost instant success that James A. Baker III has had in his international lobbying to have Iraq’s debt forgiven raises an uncomfortable comparison: how little has been done to relieve the African debt that cripples some of the world’s poorest countries.
Bremer authorizes establishment of property claims commission
(January 23, 2004) U. S. Civil Administrator L. Paul Bremer issued a regulation on 14 January authorizing the Iraqi Governing Council to establish the Iraq Property Claims Commission (IPCC).
Kuwait promises Baker to substantially reduce Iraq’s debt
(January 23, 2004) Kuwait is prepared to significantly reduce Iraq’s estimated 16-billion-dollar debt to the emirate, however, the issue of Iraqi debt does not include war reparations.
Canada cancels Iraq debt
(January 23, 2004) Canada has agreed to wipe out its share of the $120-billion US debt owed by Iraq, Prime Minister Paul Martin announced Friday at the World Economic Forum of business leaders in Davos, Switzerland.
DAVOS-World Bank sees two-thirds Iraq debt write off
(January 22, 2004) Most of Iraq’s sovereign creditors are prepared to consider writing off two-thirds of its foreign debt of $120 billion, World Bank President James Wolfensohn said on Thursday.
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