(February 16, 2007) The Government Accountability Project (GAP) has learned from inside sources that World Bank President Paul Wolfowitz is currently negotiating a contract with a new resident Iraq Country Director. This step strongly suggests that Wolfowitz intends to expand Bank-funded projects there dramatically in the near future, despite the deteriorating security situation and recent disclosures of massive corruption in "reconstruction" efforts.
Keep off the graft
(February 12, 2007) British Prime Minister Tony Blair released a much anticipated Commission for Africa report which called on the developed world to help Africa curb corruption by cleaning up its own act (The Guardian). The report signalled a new and hopeful direction for the Blair administration’s advance on the scourge of global graft. Blair talked about changing U.K. banking laws to speed up the return of public funds pocketed by corrupt African leaders. His government also issued new anti-corruption rules aimed at cracking down on kickbacks paid by U.K. exporters to win contracts overseas; href=”http://www.ft.com”Financial Times”
Rich nations prodded on ‘illegitimate’ lending
(February 12, 2007) Industrialised countries that knowingly lent billions of dollars in "irresponsible" debts to corrupt and dictatorial regimes in poor nations should cancel the debts and reconsider their harmful policies, a new study says.
Hiding Africa’s Looted Funds: Silence of Western Media
(February 9, 2007) Quite often when you read newspapers, listen to radio and watch television in the West you learn how poor Africans are and how corrupt African leaders are. But you will never watch, read or hear anything in these media outlets about the role being played by Western banking institutions; property development and estate companies; the big corporations; and the western political and business elite in promoting corruption in Africa.
Report: Skeletons in the Cupboard: Illegitimate Debt Claims of the G7
(February 9, 2007) If the Group of Seven (G7) nations are serious about cleaning up corruption and promoting good governance and transparency, they should look to the past. A damning new NGO report presenting case studies of past loans made by the Group of Seven nations (Canada, France, Germany, Japan, Italy, the U.K. and the U.S.), reveals that some loans are not legitimate and that the lenders are at fault.
A Law-and-Economics Analysis of Odious Debts
(February 7, 2007) Much of the debate surrounding odious debts begs the question of whether the ‘odiousness’ of a debt can serve as a qualification for the rule of state succession. The legal and economics rationales of the rule date back to the classical writings on the subject and can be derived from state practice.
A Law-and-Economics Analysis of Odious Debts
(February 7, 2007) Much of the debate surrounding odious debts begs the question of whether the ‘odiousness’ of a debt can serve as a qualification for the rule of state succession. The legal and economics rationales of the rule date back to the classical writings on the subject and can be derived from state practice.
Legal scholars to hold another public debate on odious debt
(February 7, 2007) In an unprecedented run of public debate on the issue of odious debts, North Carolina will again serve as the setting for a second conference on odious debt.
Ecuador may default on foreign debt deemed “illegitimate” debt, economy minister says
(February 7, 2007) Ecuador’s Economy Minister Ricardo Patino said late last month that his country had set up a commission to audit Ecuador’s US$10.3 billion external debt, and that Ecuador would not pay foreign debt that the commission declared "illegitimate."
Anti-corruption efforts
(February 7, 2007) Companies need the incentive of prosecution, fines and reputational risk to tackle bribery more effectively. The abandoning of a probe into BAE Systems’ dealings in Saudi Arabia shows a lack of will to deal with these issues, says Alexandra Wrage.
Renegotiating the odious debt doctrine
(February 1, 2007) Following the United States’ invasion and subsequent occupation of Iraq,1 the U.S. government argued that the successor government in Iraq was not responsible for Iraq’s Saddam-era debt under the purported doctrine of odiousregime debt. This purported doctrine apparently excused—by operation of law—all successor regimes from repaying debts that were incurred by oppressive predecessor regimes.
Reconstructing the odious debt exception
(January 31, 2007) Sovereign debts are persistent – as financial obligations of a sovereign state, these debts survive the regime which contracted for them and bind future governments until the creditors are satisfied.
China’s second largest lake at risk of environmental decay
(January 27, 2007) On the shores of Hunan Province’s Dongting Lake — the second largest freshwater lake in China — lies the village of Qingshanyuan. As all too commonly found in rapidly developing China, industrial plants surround the lake discharging wastewater and emitting toxic gases into the air, regardless of the environmental consequences.
Scholars convene at top US law school for first-ever conference on odious debt law and economics
(January 24, 2007) Hosted by the journal of Law & Contemporary Problems, in conjunction with the Center for International and Comparative Law, the Global Capital Markets Center and Duke Law School, the Odious Debts and State Corruption symposium will feature a series of interactive roundtable discussions involving 25 leading international scholars and practitioners.
Kenya’s debt too heavy, says Nobel Peace Prize laureate
(January 23, 2007) Prof. Wangari Maathai, the Nobel Peace Prize winner of 2004, said Kenya had so far repaid more than $51 billion on external debt, the professor described as ‘suspect.’


