Category: Odious Debts

Governments need to do more: OECD’s Gurria

(December 12, 2007) Angel Gurria, the head of the Organization for Economic Cooperation and Development (OECD), says governments need to do much more in the fight against international corruption. Speaking at a conference in Rome last month to mark the 10th anniversary of the OECD’s Anti-Bribery Convention, created to outlaw international bribery, Mr. Gurria expressed concern that "some countries are still holding back on implementing the Convention" and "have almost no investigations," and "have brought no cases to court."

‘By what right’ Fiji?

(December 12, 2007) Concerns about the status of Fiji’s current governing power have prompted some analysts to warn lenders they should beware of dealing with the country’s self-declared leader and his administration, who rule without having been democratically elected by the citizens of Fiji.

World bankruptcy

(November 28, 2007) When the World Bank staff staged a coup against then-President Paul Wolfowitz earlier this year, The Wall Street Journal editorials argued that one motivation was to stop his anti-corruption fight. Now The WSJ describes “another backroom putsch,” this time against Suzanne Rich Folsom, the head of the bank’s anticorruption unit (INT, or department of institutional integrity).

Patricia Adams Review: Partially odious debts? A framework for an optimal liability regime

(November 20, 2007) This provocative paper is sure to raise the ire of a civil society that wants Third World debts canceled because of their illegitimacy. But it won’t make the lenders who want "no fault" debt forgiveness (courtesy of Northern taxpayers) happy either. Instead, authors Ben-Shahar and Gulati push the legal envelope of "how to" resolve the Third World debt quagmire and in doing so, empower odious debt advocates with more legal fight than ever before.

REVIEW: Partially odious debts? A framework for an optimal liability regime

(November 20, 2007) This provocative paper is sure to raise the ire of a civil society that wants Third World debts canceled because of their illegitimacy. But it won’t make the lenders who want "no fault" debt forgiveness (courtesy of Northern taxpayers) happy either. Instead, authors Ben-Shahar and Gulati push the legal envelope of "how to" resolve the Third World debt quagmire and in doing so, empower odious debt advocates with more legal fight than ever before.