Category: Odious Debts

Managing globalization: for Africa, high hopes

(July 18, 2006) It is true that corruption represents a huge obstacle to economic and social development in many African countries. And it is true that so-called entrenched networks of socially connected businesspeople and public officials make life very hard for corruption fighters. But there are fresh signs of success in some countries, such as Nigeria and South Africa, and other countries that already enjoy good governance and strong institutions.

Smelling a boomtown rat

(June 27, 2006) This time last year, I spent a fruitless Saturday night touring pubs in Nairobi trying to find a Kenyan who was watching Live 8. There were plenty watching Wimbledon, but no one who had even heard of Bob Geldof. When I explained what was going on in Britain, they replied briskly that pop music was for children – and if you borrow money, you ought to pay it back.