(June 5, 2000) The Lesotho Highlands Water Project corruption trial begins on Monday, with some of the world’s largest construction companies among the accused.
(July 3, 2000) Associate Professor of Political Economy at Northwestern University discusses the concept of criminal debt and corruption of World Bank funds in Indonesia.
(July 1, 2000) ECA activities in Africa are linked to mismanagement, environmental disruption, corruption, and increasing social conflict.
(June 22, 2000) Balfour Beatty – which also has a contract for the controversial Ilusi dam in Turkey and may face prosecution in Lesotho over alleged corruption payments over a dam project – was raided this month by 40 FBI agents.
(June 17, 2000) President René Préval signed a petition calling on international creditors to annul Haiti’s swelling $1.2bn (£800m) debt. Forty percent of Haiti’s debt was incurred under Duvalier family misrule, when loans were regularly skimmed by regime cronies.
(June 16, 2000) US Treasury Secretary Larry Summers has reversed US government policy and broken the consensus of creditors, by agreeing that Nigeria should be granted “multilateral debt reduction ….by the international financial community”.
(June 14, 2000) British firms are among a dozen of the best known international construction companies involved in a trial in the remote South African kingdom of Lesotho.
(June 13, 2000) Over 50 representatives of Indonesian and international non-governmental organizations (NGOs), and social movements convened in Jakarta and South Sumatra 1-7 May, 2000 for a strategy meeting on official export credit and investment insurance agencies (ECAs). They agreed on the following Declaration, endorsed by 347 NGOs from 45 countries.
(June 12, 2000) Today a landmark case gets under way in Maseru with the potential to embarrass some the world`s largest construction companies.
(June 11, 2000) The Lesotho Highlands Water Project (LHWP) R25-million corruption trial restarts in Maseru next week.
(June 6, 2000) Foreign Affairs Minister Lloyd Axworthy today announced that Canada has ratified the Inter-American Convention Against Corruption. Announcement made at the Organization of American States (OAS) General Assembly
(June 5, 2000) “Debt Cancellation for Nigeria, will serve as a clear indicator of the commitment of the international community to support sustainable development and to consolidate democracy in Nigeria.”
(May 20, 2000) After a few years in which even such down-and-out economies as Mozambique rallied, Africa is again too risky for emerging market investors.
(May 15, 2000) Johnnie Cochran, who became one of the United State’s richest and most famous lawyers when he defended O.J. Simpson, has been hired by the relatives of a Nigerian dictator to halt the recovery of billions of dollars stolen from the government.
(May 15, 2000) The absolute terror engulfing the West African state of Sierra Leone is a grim reminder of the chaos and widespread bloodshed frequently erupting on that violence-plagued continent.