Category: Odious Debts

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.

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.

How to Kill World Bank

(December 9, 1994) When the World Bank celebrated its golden anniversary in Madrid in early October, it promised a new and revitalized "vision" to alleviate Third World poverty. But the bank’s critics-from left-wing development agencies and radical environmentalists to right-wing think tanks-don’t trust that vision.