Category: Odious Debts

Odious, not debt

(May 2, 2007) This article argues that the doctrine of Odious Debt, which has enjoyed a revival since the U.S. invasion of Iraq in 2003, frames the problem of odious debt in a way that excludes most of the problematic obligations incurred by twentieth-century despots.

Why Wolfowitz should stay

(May 1, 2007) For the past few weeks, the world has been riveted by the difficulties of Paul Wolfowitz, president of the World Bank, regarding a potential conflict of interest involving the salary of his partner, also a senior official there. With the bank’s board deliberating this week over how to handle the charges, the controversy now needlessly and regrettably threatens Wolfowitz’s presidency, which has been largely defined by his energetic support for a new Africa that is struggling to emerge.

New inquiry into BAE scandal

(April 20, 2007) A fresh investigation into the U.K.’s efforts to tackle bribery and corruption is to be carried out by a high-powered international team after the Organisation for Economic Co-operation and Development (OECD) expressed "serious concerns" about the British government’s decision to drop an inquiry into a huge arms deal between BAE Systems and Saudi Arabia, reports Michael Harrison for the Belfast Telegraph.

New illegitimate debt news source

(April 20, 2007) Debt campaigners CADTM, Eurodad, Jubilee South and Jubilee USA have jointly launched a new publication on illegitimate debt campaigns. The Illegitimate Debt Campaign Bulletin will focus on recent and forthcoming actions by activists in the worldwide campaign to end illegitimate debt in a bid to promote communication among groups and increase involvement. The bulletin will publish every two months. The first issue is available online now.