(June 14, 2005) South African President Thabo Mbeki sacked his graft-tainted deputy and presumed successor, Jacob Zuma, after he was implicated in a high-profile corruption trial.
A truckload of nonsense
(June 14, 2005) The G8 plan to save Africa comes with conditions that make it little more than an extortion racket.
Wolfowitz supports Nigeria’s debt relief quest
(June 13, 2005) New World Bank President Paul Wolfowitz told Nigerian President Olusegun Obasanjo he hoped Africa’s biggest debtor would see progress in its quest for debt relief at a meeting of the Paris Club on Monday.
Shock as Kenya denied debt relief
(June 13, 2005) Kenyan MP Paul Muite called on Kenyan leaders to stop whining about the debt waiver initiated by Britain and suspend payment of Kenya’s debt for five years instead and redeploy the money to needy sectors such as education, health and infrastructure.
Lifting Africa’s debt sentence
(June 13, 2005) As G8 announces new relief package, observers fear cycle will just repeat itself.
Legalities in repudiating Nigeria’s foreign debt
(June 13, 2005) At no other time in history has Nigeria’s debt crisis resonated so much in national and international discourse. Viewing the issue from a legal perspective, Remi Ogunmefun advocates a legal showdown with Nigeria’s western creditors.
Grant for cancer centre was SNC-Lavalin’s commitment
(June 12, 2005) Was there a commitment from the Canadian company, SNC-Lavalin, to provide a grant of Rs. 98 crores to the Malabar Cancer Centre; and, if yes, why was it allowed to wriggle out of the obligation?
Forget the corruption, says Geldof
(June 10, 2005) Fears over corrupt African regimes should not be used to delay aid to the poverty-stricken continent, Bob Geldof said yesterday.
G-8 leaders reach compromise on African aid
(June 8, 2005) A series of communiques scheduled to be issued as the Group of Eight summit drew to a close will pledge to double assistance to reduce poverty and fight disease in Africa, the world’s poorest continent.
International Monetary Fund reform
(June 7, 2005) TESTIMONY, Subcommittee on International Trade and Finance (Washington)
Nigeria wants to come clean
(July 6, 2005) Nigerian President Olusegun Obasanjo has submitted to lawmakers proposals for a new financial commission, saying its establishment is necessary for the nation to be removed from a money laundering blacklist.
Rock stars in bid to save Africa from debt
(June 2, 2005) Tony Blair is to fly to Washington armed with the promise of an unprecedented rock star-led mobilisation of public opinion, to urge George Bush not to risk the wrath of Europe by holding out on a deal to lift the debt burdens on Africa.
Repudiating Third World debt
(June 1, 2005) The devastation caused by the Third World’s debt is finally getting the attention it deserves. Many of you will have read in the newspapers about the plans of world leaders to finally forgive the dreadful debt that the world’s poorest have been burdened with. But why are the lenders – mostly northern governments and their agencies, such as the World Bank and IMF – suddenly arguing for debt forgiveness when before they so stubbornly argued that Third World nations must repay their debts?
What Iraq and Argentina Might Learn from Each Other
(June 1, 2005) Iraq and Argentina each launched a $100 billion debt restructuring last year. The two cases are rarely mentioned together.
Odious or just malodorous? Patricia Adams Letter to Finance and Development, IMF
(June 1, 2005) IMF should back, not belittle, odious debt regime
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