(September 14, 2004) Bush administration officials are advancing a plan to cancel billions of dollars in debt owed by some of the world’s poorest countries, a move which institutions like the World Bank fear could leave them strapped for cash.
Poor countries debt relief ‘failing’
(September 13, 2004) International efforts to lighten the debt burden on the world’s poorest countries are failing to provide the expected level of relief, according to a new report.
Acres has not paid a cent of its fine for corruption
(September 12, 2004) Canadian company Acres International has failed to pay a single cent of the R15 million it was fined a year ago by a Lesotho court for corruption.
Bombers? Or food?
(September 12, 2004) A new book explains how the West could easily save the Third World.
Beyond Saddam
(September 10, 2004) Iraq is crippled by debt. The country’s oil wealth was squandered by Saddam’s regime on arms and personal enrichment; today it is looted to pay for occupation. Such odious debt must be cancelled.
The resource curse
(September 10, 2004) As the United States, the United Nations, and the Iraqi Governing Council struggle to determine what form Iraq’s next government should take, there is one question that, more than any other, may prove critical to the country’s future: how to handle its vast oil wealth.
Iraqi president, starting Europe tour, optimistic about election
(September 9, 2004) Iraqi President Ghazi Al-Yawar began a European tour Wednesday in Germany voicing optimism that elections in his country would go ahead by the end of January as scheduled and appealing for more help with debt relief.
Iraq calls for big debt write-off in Berlin talks
(September 9, 2004) Iraqi President Ghazi al-Yawer renewed calls for a big write-off of his country’s massive foreign debt at talks Thursday with German leaders in Berlin.
IMF sees Iraq economic program before end-2004
(September 9, 2004) The International Monetary Fund says Iraq could have an IMF-backed economic program with financing in place by the end of 2004 following "good progress" made in talks last week in Paris.
Chinese officials embezzling billions in state assets, fleeing the country
(September 9, 2004) According to the latest official count, some 4,000 senior Chinese officials and managers of state-owned businesses have fled abroad over the past two decades with as much as $50 billion dollars in embezzled money.
Equatorial Guinea’s oil boom leaves poor behind
(September 8, 2004) The subject of corruption is taboo in Equatorial Guinea’s tightly-controlled media, but some of the government’s publicised spending choices are enough to set tongues wagging.
Iraq debt relief talks deadlocked
(September 9, 2004) The United States’ campaign for a rapid write-off of almost all of Iraq’s foreign debt is going nowhere for now, sources say.
King to rally support for Iraq debt reduction – Jordan
(September 7, 2004) His Majesty King Abdullah on Monday said Jordan will continue supporting international efforts to help rebuild Iraq and reduce its foreign debt.
Outside expert did business with dictator
(September 7, 2004) Senate investigation reveals Riggs Bank independent consultant on Equatorial Guinea was a business partner of the country’s dictator, Teodoro Obiang Nguema, the bank’s biggest depositor.
Grease is the word for oil in Equatorial Guinea
(September 7, 2004) A U.S. Senate report paints "a damning portrait of financial impropriety and sleaze" in Equatorial Guinea says campaign group Global Witness.
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