(September 21, 2003) U.S. Treasury Secretary John Snow welcomed the pledge, saying a solution was necessary "to help provide a sound footing for the future" of postwar Iraq.
G7 meeting endorses reform process of PNA
(September 21, 2003) Finance ministers of the world’s richest nations yesterday gave their endorsement to reform efforts by the Palestinian National Authority.
G7 seeks Iraq debt restructuring by end ’04
(September 20, 2003) Germany’s deputy finance minister Caio Koch-Weser said the Group of Seven wealthy nations wanted to reach a deal by the end of next year on restructuring Iraq’s massive debts.
The economics of corruption
(September 19, 2003) Corruption is not new in India. It was, in fact, a part of the wages of the agents of the state in Mughal times (and before as well). It used to be called mamool or customary payment. It was not, as it has become now, speed money.
Shape of Iraq’s economic landscape watched closely
(September 19, 2003) The direction of Iraq’s economic future will be closely watched during the upcoming meetings of the World Bank and the International Monetary Fund (IMF), where discussions about the country’s development landscape are expected.
The taint of the greased palm
(September 19, 2003) Presidents who come to office promising to fight graft almost always fail ?occasionally leaving office several million dollars richer themselves. Arrests are made but often only of political rivals. Anticorruption campaigns come and go and still it requires a 30 percent payoff to build a highway, buildings fall down because inspectors are bribed and drivers prepare for an assault on their wallets when they see a cop.
Corruption bill ready next sitting
(September 18, 2003) Attorney General Peter Fachi Thursday said that a bill to amend the Corrupt Practices Act would be tabled during the next sitting of Parliament, but pointed out not all the recommendations will be taken on board.
The homecoming
(September 18, 2003) For some Londoners, the war against Saddam wasn’t just about politics. It was about the future of their homeland – and the chance to return to it. Johann Hari meets three young exiles who have just had their first taste of life in ‘free’ Iraq.
South African sentenced for water project bribery
(September 18, 2003) A South African who pleaded guilty to acting as an intermediary in bribery payments to the former head of the Lesotho Highlands Development Authority, has been sentenced to a fine of R500,000 or five years in prison.
Bickering over Iraq financing in play
(September 17, 2003) Another source of contention is the debt burden Iraq has accumulated under Saddam Hussein’s regime, which continues to bog down the country’s economy.
New Iraqi minister denounces past obligations incurred by Saddam
(September 17, 2003) Today’s Iraq should not be burdened with past obligations incurred by Saddam Hussein, said new Minister of Planning, Mahdi al-Hafiz. Iraq’s former regime, not the Iraqi people, invaded Kuwait and contracted enormous loans, said al-Hafiz.
New Iraqi Minister of Planning denounces continued payments to Kuwait
(September 17, 2003) Today’s Iraq should not be burdened with past obligations incurred by Saddam, says Mahdi al-Hafiz.
Iraq wants to clinch water deal with Syria, Turkey
(September 17, 2003) Poor relations with Syria and Turkey under Saddam Hussein’s government prevented Iraq from reaching an agreement on water quotas with its neighbours. Now talks to increase water flow from Turkey to Iraq and Syria are expected soon.
Governing council appoints central bank governor
(September 15, 2003) The Iraqi Governing Council appoints Iraq’s first post-Hussein central bank governor.
Corruptions Perception Index – Kenya to perform poorly
(September 15, 2003) As in other African countries, corruption in Kenya has been inextricably intertwined with the nature of the modern African state that is driven by patronage and derives its legitimacy from an ability to create and dispense patronage.
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