Category: Odious Debts

Why foreign aid to Haiti failed

(February 1, 2006) Although it proudly lays claim as the second oldest republic in the Hemisphere, and the only nation whose slave population defeated a colonial power to become free,Haiti is, and has been, among the worst governed and most undemocratic states. Few places in the world, and no places in the Western Hemisphere, are poorer than Haiti.This paper2 explains why, after consuming billions in foreign aid over three decades, and hundreds of millions specifically for governance and democratization programs, not to mention billions for other programs, Haiti remains politically dysfunctional and impoverished.

Declaration on debt from the World Social Forum

(January 24, 2007) A Declaration on Debt drafted by participants at this year’s World Social Forum in Nairobi, Kenya, last month calls on governments and lenders in the global North to examine loans they have extended to countries in the South and take responsibility for illegitimate debts.

Nu news could be bad news

(January 11, 2006) Secrecy continues to surround the controversial plan to build a series of big dams on the Nu River in Yunnan province. Now, Chinese media reports suggest the project is set to be rammed through without environmental-impact documents being made public or open hearings held, as required by law.