(May 24, 2013) The iron fist of government controlling China’s electricity sector is not only costing China’s power consumers dearly, it is also the cause of serious distortions in the country’s power markets, says a new study by one of China’s preeminent think tanks.
SNC-Lavalin executive reveals illegal political donations before corruption inquiry
(March 15, 2013) A vice-president from SNC-Lavalin, Canada’s largest engineering company, admitted yesterday before Quebec’s Charbonneau inquiry into corruption in public-works contracts, that it organized its employees to make more than $1 million in illegal political donations. While there was no direct link between the donations and a quarter-billion dollars in contracts the firm was awarded by the provincial government, Yves Cadotte insisted, the company did not want to take any chances.
Grand Inga Dam: Another white elephant for the DR Congo
(November 21, 2011) An article in the Daily Maverick argues that the proposed Grand Inga Dam in the DR Congo is a “beautiful vision” that would “fix Africa” by “lighting up the heart of darkness”, powering African industries and forcing countries to rely on each other.
Africa’s odious debts: a new book reveals links between foreign loans and capital flight
(October 4, 2011) Africa’s Odious Debts: How Foreign Loans and Capital Flight Bled a Continent, by James Boyce and Leonce Ndikumana.
Egypt Rethinking Aid Options
(July 15, 2011) Since the days of President Anwar Sadat through January of this year, Egypt has relied heavily on Western sources for assistance as well as for loans and credits.
China human rights and Canadian companies
(July 4, 2011) Probe International’s Patricia Adams joined a Business News Network (BNN) panel to discuss the dangers of corporations wishing to do business in China given its poor human rights record.
Bill Gates: Foreign Aid 2.0
(May 27, 2011) Bill Gates’ version of foreign aid should look to Microsoft’s original recipe for success to empower Africa.
Odious debt and Egypt: revolt citizens, revolt!
(April 27, 2011) Egypt’s period of political transition presents an ideal time to examine the odious nature of debt accrued by deposed President Hosni Mubarak’s government, whose time in power amounts to almost 30 years in the borrowing.
Les effets des transformations des États sur leurs dettes publiques et autres obligations financières
(April 21, 2011) Alexander N. Sack, Recueil Sirey, Paris, 1927.
Deep Green: Debt, Human Rights and Nature
(February 16, 2011) In January, the bankers and corporate executives at the World Economic Forum (WEF) in Davos, Switzerland, presented a plan to create $100 trillion US dollars (about €700 billion or ¥7 trillion) in new international debt.
Lugar Urges International Development Banks to Step Up Corruption Cases
(December 17, 2010) U.S. Sen. Dick Lugar announced today that criminal prosecution of firms and individuals caught defrauding the World Bank and the other multilateral development banks is an important deterrent, but use of this tool varies widely among the banks.
Rewarding corruption: World Bank gives more money to corruption-riddled Uganda
(October 14, 2010) While corruption in Uganda becomes more endemic, the World Bank continues to hand over millions of dollars of foreign aid funds – not realizing that this money is making the situation worse, writes Brady Yauch.
Going After Government Looters
(June 11, 2010) Matthew Saltmarsh from the New York Times says the citizens of the Maldives are demanding former president Maumoon Abdul Gayoom hand over the millions he stole while in power.
Ibon tells Noyonoy: Don’t raise taxes
(May 19, 2010) Independent think tank Ibon Foundation gave unsolicited advice to Sen. Benigno Aquino III, frontrunner in the presidential elections, urging him to eschew proposals to hike tax rates in order to improve the country’s fiscal picture.
African leaders call for tax reform, not foreign aid
(May 11, 2010) A number of African leaders are now saying that foreign aid is no longer the only answer to economic development of the continent. Instead, they are calling for reform of the tax system, pointing out that Africa currently has one of the lowest tax-to-GDP ratios in the world.
Patricia Adams
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