(May 22, 1998) The current call for international debt cancellation is welcome, but debt does not just go away.
Call for the reform of Export Credit and Investment Insurance Agencies
(April 1, 1998) 160 NGOs from 46 countries demand greater transparency and the adoption of environmental and social standards for publicly supported export credit and investment insurance agencies.
Lesotho water transfers- no cause for celebration
(February 24, 1998) Today marks the inauguration of the first water supply from Lesotho to South Africa. However, it is not a day to celebrate.
Don’t repay unjust debts
(December 12, 1997) If South Africa is serious about reconciliation and justice, we need to look creatively at the burden of debt incurred by the previous government.
Shattered Rwanda vows to repay billion dollar debt
(November 17, 1997) Rwanda’s economy has been shattered by years of ethnic conflict, but it has vowed to repay all foreign debts incurred by previous regimes even if the money was used to repress Rwandans.
Letter to socially responsible financial advisors and mutual funds
(September 24, 1997) The following letter was sent to socially responsible financial advisors and mutual funds managers , after it was announced in September that General Electric Canada, a wholly-owned subsidiary of Connecticut – based General Electric Company, was awarded a contract to supply turbines and generators to the Three Gorges dam project.
Helping countries combat corruption: the role of the World Bank
(September 1, 1997) World Bank report states that “the Bank has a responsibility under its articles to ensure that the funds it lends to borrowers are used for their intended purposes and with due attention to economy and efficiency.”
Summary of RSI staff views regarding the problem of ‘leakage’ from World Bank project budgets
(August 1, 1997) Leaked World Bank document states that "at least 20-30 per cent of GOI [Government of Indonesia] development budget funds are diverted through informal payments to GOI staff and politicians."
The international debt crisis of Iraq
(August 1, 1997) This paper analyzes Iraq’s indebtness problem and investigates the applicability of debt-equity swaps as a means of alleviating the severity of Iraq’s external debt and obligations.
The international debt crisis of Iraq
(August 1, 1997) This paper analyzes Iraq’s indebtness problem and investigates the applicability of debt-equity swaps as a means of alleviating the severity of Iraq’s external debt and obligations.
Swiss banks find only $3.4 million in Mobutu assets
(June 3, 1997) Swiss banks have found $3.4 million in assets stashed away by ousted Zairian President Mobutu Sese Seko, far short of the billions the rebels who toppled him claim he has.
Saddled with apartheid debts
(May 22, 1997) Nelson Mandela used a world economic forum in Harare this week to argue that South Africa’s major problem is servicing the massive debts run up by apartheid governments.
Should we pay the debt of the past regime?
(March 14, 1997) Should the people who were victims of the oppressive machinery of apartheid now be forced to repay those financiers who were immoral enough to finance the machinery?
Inter-American Convention Against Corruption
(March 29, 1996) The Member States Of The Organization Of American States, Convinced That Corruption Undermines The Legitimacy Of Public Institutions And Strikes At Society, Moral Order And Justice, As Well As At The Comprehensive Development Of Peoples;
A troubling deposit at World Bank
(November 29, 1995) For 5O years government guarantees have allowed the World Bank and its sister development banks to amass the world’s riskiest loan portfolios. Three months ago, the weakest of these sisters, the African Development Bank, was downgraded. And now for the first time, the World Bank admits that many of its own loans can’t be paid back.
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