(June 10, 2006) Abstract: Odious debts are debts incurred by the government of a nation without either popular consent or a legitimate public purpose. While there is some debate within academic circles as to whether the successor government to a regime which incurred odious debts has the right to repudiate repayment, in the real world this is currently not an option granted legitimacy either by global capital markets or the legal systems of creditor states.
Faiths call for cancellation of foreign debt
(June 9, 2006) Religious leaders say Kenya should be given a debt write-off or the nation should stop repaying them.
Civil Society Statement on the Paris Club at 50: illegitimate and unsustainable
(June 6, 2006) As it is today, the Paris Club does not have any legitimacy. Civil society organizations from the South and the North demand a radical change of the current state of affairs in international debt management.
Attorney general sued for dropping Suharto case
(June 6, 2006) Three private groups of lawyers and activists have filed a suit against the Indonesian attorney general’s office for dropping a long-running corruption case against ailing former dictator Suharto.
Regime change?
(June 5, 2006) Governmental organizations never get the ax for operating losses. They don’t even die in their sleep. They claim new purposes for themselves and flourish. Just look at the IMF.
Beware the big, bland wolf
(June 5, 2006) The first year of Paul Wolfowitz at the World Bank.
Group cautions against debt payment
(June 4, 2006) A group, African Network for Environment and Economic Justice (ANE-EJ), has called on the National Assembly to reject a proposal sent by President Olusegun Obasanjo to settle London Club debt at the expense of key development challenges in Nigeria.
Nigeria: beyond debt
(June 4, 2006) The rush to pay off foreign loans has derailed Nigeria’s chance to challenge its odious debts, claims Lagos-based lawyer and commentator Remi Ogunmefun in "Nigeria after debt relief".
Wolfowitz needs to look at corruption of yesterday, not just today
(June 1, 2006) And follow the positive example of Norway: any comprehensive approach to corruption must examine the World Bank’s lending practices of yesterday and cancel debts found to be corrupt and fraudulent.
Why is it difficult to eradicate corruption in Indonesia
(May 26, 2006) “You can’t clean a dirty floor with a dirty broom,” says Jarkarta Post columnist T. Sima Gunawan, quoting an activist, in response to the problem of graft in Indonesia, ranked by Berlin-based NGO Transparency International as the sixth most corrupt nation in the world.
Wolfowitz defuses disputes over his role as world banker
(May 24, 2006) Certainly there is harsh criticism of Wolfowitz, but it seems tempered by a sense that his approach offers a chance for change at the World Bank, a lumbering institution often berated as secretive, bureaucratic and ineffective.
Nigeria after debt relief
(May 24, 2006) The battle for the cancellation of Nigeria’s foreign debt has been won and lost.
Ronnie, Winnie and nuclear power
(May 19, 2006) Ronnie Velasco, in his newly published memoirs, Trailblazing, the Quest for Energy Self-Reliance, opens by ad-homineming "the anti-Marcos opposition" for "the tragedy of the Bataan Nuclear Power Plant."
OECD says companies must reveal record on bribery
(May 16, 2006) Companies seeking export guarantees from rich country governments must in future declare whether any of their staff have been charged with or convicted of bribing foreign officials, reports the Financial Times.
KPCC to pursue SNC Lavalin issue
(February 17, 2006) President of the Kerala Pradesh Congress Committee Ramesh Chennithala termed the SNC Lavalin deal as the biggest scam in the history of Kerala.


