(November 17, 2008) The official overseeing an audit of Ecuador’s foreign debt said his committee found evidence of abuses and irregularities tied to almost all of the country’s bonds and will recommend a default on $10.3 billion in national debt.
Ecuador’s leader fuels default fear
(November 17, 2008) Rafael Correa, Ecuador’s left-wing president, has heightened fears that the Andean nation will default on parts of its $10bn (£6.8bn) foreign debt, saying an internal audit due this week will determine if the debt is “illegitimate”.
Ecuador’s Correa says he’ll seek legal basis for debt default
(November 15, 2008) Ecuadorean president Rafael Correa said he’ll suspend payments on foreign debt he deems “illegitimate” should an upcoming report find there is legal basis to do so.
Police drop Lesotho bribery probe
(November 6, 2008) British police will not investigate a construction company accused of corruption in Lesotho, they have said.British firm Mott Macdonald were implicated in an audit of a dam project in the southern African kingdom.
The Odious Debt Doctrine and Iraq After Saddam
(September 27, 2008) Patricia Adams speech, Furman University, Department of Economics,
“The Odious Debt Doctrine and Iraq After Saddam.”
Unconstitutional regimes and the validity of sovereign debt: A legal perspective
(September 18, 2008) Go to book
Sovereign debt and social rights: legal reflections on a difficult relationship
(September 10, 2008) The relationship between the sovereign debt of developing countriesand the protection of social rights in those countries has received a lot of attention from an economic, political and moral perspective, but relatively little has been written about the legal side of this relationship.
‘Odious Debts’ Vs. Debt Trap: A Realistic Help?
(September 10, 2008) Read the first page here
Roundtable update: World Bank on odious debts
(August 7, 2008) The World Bank convened the roundtable in response to feedback from civil society groups (CSOs) to its September 2007 discussion paper, “Odious Debt: Some Considerations.”
Liberia comes clean-er
(August 7, 2008) Liberia has risen from the bottom ranks of the World Bank’s most corrupt country list to earn the distinction of graft’s most zero-tolerant post-conflict nation, reports Africa’s opinion journal, The Analyst. A recent report by the Bank’s Worldwide Governance Indicators Institute (WGI) indicates that at the current rate, Liberia has shown the largest improvement of any country in the world in controlling corruption.
At least in Bangladesh wrongdoers are encouraged to return the money
(August 6, 2008) The president of Bangladesh this month appointed a three-member Truth and Accountability Commission in an effort to claw back ill-gotten gains from corrupt businessmen and politicians who could receive clemency if they confess their wrongdoing and refund money obtained illegally. The country’s military-backed government, which launched a nationwide anti-graft campaign after taking power in January 2007, hopes the commission will help clear a massive backlog of corruption cases, Independent Online reports.
‘Odious debt’ recognized by British Parliament
(July 14, 2008) Debt Relief, 3rd Report 1997-1998, London: House of Commons The British House of Commons International Development Committee recognizes the concept of odious debt.
Riggs investigators find possible crimes
(July 4, 2008) Riggs Banks investigators have discovered evidence of possible criminal activities by some former employees who managed accounts of ex-Chilean dictator Augusto Pinochet. The investigation could pose problems for the pending sale of Riggs to PNC Financial Services Group Inc.
Book paints sad picture of corruption
(July 4, 2008) A new book on the extent of corruption in Kenya says it has permeated all sectors of the society, including the church. The Monster Called Corruption identifies some of the most affected areas as the public service, the councils, the private sector, non-governmental and religious organisations and trade unions.
Prevention of Corruption Act: How effective is it?
(July 4, 2008) Rooting out corruption is a pre-condition for a successful democracy.


