(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.
It pays to think big: history favors dictators who take billions, not millions
(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.
Suharto Inc.: All in the Family
(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.
Beaten in three court sessions
(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.
Abhorrent siblings
(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.
The debts of corruption
(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.
IOU – Take the hit
(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.
Unforgivable: South Africa’s aparthied debts
(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.
Free Nelson Mandela
(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.
A solution to the debt problem
(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.
Debts of honour
(March 6, 1999) Indifference, interrupted sporadically by spasms of satisfying moral outrage or luxurious compassion, characterises the general Western attitude to the African continent.
Institute against writing off apartheid debt
(March 6, 1999) The South African Institute of Race Relations says that it is misleading to label all the government’s debt as “apartheid debt” and that there is no real case for calls being made for the debt to be written off or regarded as “odious.”
World banks’ dirty SA loans
(March 3, 1999) Some of the world’s biggest banks propped up the apartheid regime in its dying days, lending it billions of dollars. Now the new government is saddled with the debts.
Third World debt relief gets world’s attention
(May 2, 1999) Suddenly debt relief is all the rage. Everybody is trying to get in on the act, saying that not enough is being done to provide financial help to the poorest nations.
Export Credit Insurance and the fight against international corruption
(February 26, 1999) Transparency International proposes a broad framework to encourage transparency in export credit agencies.
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