(November 6, 2006) Hailed by some as a diplomatic triumph, China’s meeting with the representatives of 48 African states in Beijing at the weekend has also been described as another shift in the geopolitical center of gravity and a sign that China’s economic growth over the last two and a half decades has increasingly global implications.
Taiwan’s premier faces corruption case
(November 3, 2006) Pressure is mounting for Taiwan President Chen Shun-bian to resign: his wife, Wu Shu-chen, and three former presidential aides, face charges of graft and embezzlement; prosecutors say there is evidence to charge the president as well − once he loses the immunity he has while in office.
Foreign aid: This kind of ‘help’ is just no help at all
(October 31, 2006) The multi-billion dollar aid industry has largely failed in Africa. Not only have they failed along with others in the aid industry, most nongovernmental organizations (NGOs) have become part of the problem. Not that they will admit their failure.
Odious Debt: definition, application and context
(October 30, 2006) The co-author of Advancing the Odious Debts Doctrine addresses how the doctrine can be applied and in which contexts.
Weeding out corruption
(October 29, 2006) A recent Vatican document summarizing some of the lessons learned in the fight against corruption recommends increased public exposure of wrongdoers and punishment for the guilty, as well as more cooperation between governments in extraditing criminals.
Nigerian leaders ‘stole’ $380bn
(October 20, 2006) “Basically, this money has gone to waste." More than $380 billion has either been stolen or wasted by Nigerian governments since independence in 1960, Nigeria’s chief corruption fighter has said.
Africa loses about 148 billion dollars through corruption annually
(October 19, 2006) Corruption also scares away investors, affects development, entrepreneurship and impedes growth. Sir Quett Ketumile Masire, former president of Botswana has said Africa loses more than $148 billion annually due to corruption.
E.U. companies guilty in aid fraud, notes Israel Rafalovich
(October 10, 2006) Three European multinationals convicted of bribery in groundbreaking Lesotho corruption trials.
Norway’s historic illegitimate debt write-off shows way for creditor nations
(October 9, 2006) Norway’s decision earlier this month to cancel some of its Third World debt claims after implicitly acknowledging them as illegitimate has inspired debt activists around the world: campaigners in the Philippines have since called on the Arroyo administration to stop paying back suspect loans incurred under former president Ferdinand Marcos, reports Alecks Pabico for Inside PCIJ (Philippine Center for Investigative Journalism).
Norway takes historic step
(October 6, 2006) In a stunning move, the Norwegian government has become the first creditor country to implicitly acknowledge that some of its Third World debt claims are illegitimate and says it will cancel such debts outright and unilaterally. The Norwegian Parliament must now approve the government’s debt cancellation plan, details of which are contained in the government’s budget being submitted to Parliament today. If the plan is accepted, five countries – Ecuador, Egypt, Jamaica, Peru and Sierra Leone – will be relieved of some $80 million they owe Norway.
West failing to curb bribery overseas
(September 25, 2006) By not paying bribes in graft-prone countries, companies would
be interfering in national sovereignty, say defenders of illicit
corporate payments to poor nations.
World Bank management takes over Wolfowitz’s anti-corruption proposal
(September 21, 2006) The World Bank’s shareholder governments struck Bank president Paul Wolfowitz a blow this week after they opted to take control of his flagship anti-corruption strategy rather than allow him the free hand he had hoped for to advance his campaign against graft.
Poor countries overpaying billions as result of irresponsible lending, says new research
(September 18, 2006) A new study claims that poor countries have overpaid creditor countries
billions of dollars as a result of irresponsible lending.
Wolfowitz to push anti-corruption program at World Bank meeting
(September 15, 2006) World Bank president Paul Wolfowitz said he expects the Bank’s 184 member countries to approve his anti-corruption framework at the annual meeting of the World Bank and International Monetary Fund this September in Singapore.
Singapore cracks down on civil society activity ahead of annual meetings
(September 12, 2006) The annual meetings of the World Bank and the IMF, being held in Singapore, are facing controversy over the participation of civil society.


