(July 1, 1999) British Jubilee 2000 is pressuring banks in the UK to freeze and help return an estimated 55 bln USD in ill-gotten gains placed abroad by Nigerians.
(June 23, 1999) Please find attached a copy of a May 26th letter from the Canada Tibet Committee and endorsed by Probe International, urging Canada’s Minister of Finance, Paul Martin, to withhold support for the World Bank’s proposed “China Western Poverty Reduction Project.”
(June 18, 1999) It is my very great pleasure to be here with debt campaigners from around the world who want to breathe life into this legal principle known as the doctrine of odious debts. As you know, from the introduction, I discovered the doctrine of odious debts years ago when I was writing my book about the Third World’s debt crisis. I was thrilled. Here was a principle, published in 1927 by Alexander Sack, then and still the world’s preeminent legal scholar on the treatment of public debts when governments and territories transform.
(June 16, 1999) Nigeria’s new president, Olusegun Obasanjo, has announced a series of steps to shake up the country since coming to power three weeks ago, ending more than 15 years of military rule.
(June 15, 1999) Muriel Olaiya lives more comfortably than most Nigerians. For a start, her husband has a job. It pays for the extras that make the difference between living and simply surviving in Lagos.
(May 24, 1999) The President-Elect Olusegun Obasanjo has made an impassioned plea to the West for “substantial and immediate” relief on the country’s estimated $34 bn external debt.
(May 24, 1999) President Suharto opened his 1989 autobiography with memories of his simple childhood bathing in muddy canals in Java. “My roots are in the village,” he wrote. From the start of his dictatorship in 1966, Suharto carefully cultivated an image not just of humble origins but of lifelong simplicity. He claimed to be a common farm boy with common values, who rose without ambition to a position of dominance over one of the largest countries in the world, and who ruled in the best interests of the nation.
(May 24, 1999) TIME investigation the wealth of Indonesia’s Suharto and his children uncovers a $15 billion fortune in cash, property, art, jewelry and jets.
(May 15, 1999) This state electricity is being threatened to stop its business because of its failure to fulfill its promise to buy electricity from the power generating company.
(September 22, 1999) Violence in East Timor and economic disaster in Indonesia have a common parentage: the absence of the rule of law and the support of western banks and governments.
(May 10, 1999) A global movement is asking Western nations to forgive ‘odious’ debt extended to despotic regimes. The cause has merit, but opposition is building.
(May 1, 1999) Banks and governments knew perfectly well what they were doing when they lent money to prop up despotic regimes. Now, says Joseph Hanlon, it’s their turn to suffer the consequences.
(April 24, 1999) Debt is the new slavery. It is heartless to expect democratic third-world governments to repay loans made years ago to their nasty dictatorial predecessors.
(April 20, 1999) When Nelson Mandela walked from prison seven years ago, it marked the success of one of the biggest grassroots international campaigns. Working together, we freed Nelson Mandela.
(May 19, 1999) Observatoire de la Finance’s chairman, Jean-Loup Dherse, has a proposal that may improve the chance of building a political consensus for radical debt relief in the West.