(November 17, 2003) While Bono’s oratory may be splendid, his analysis sells Africa short . . . As Africans know too well, the more that their governments have received foreign aid, the more poverty has grown.
(October 22, 2003) Debt relief groups have urged Iraq’s debtors to adhere to a 100-year-old legal principle to resolve Iraq’s debt crisis and assist reconstruction efforts when they meet tomorrow in Madrid.
(October 28, 2002) Lesotho High Court has fined Acres International US$2.25 million (22,580,091 maloti) for bribing the former head of a multibillion-dollar dam project to secure contracts.
(September 17, 2002 ) In a landmark decision that has sweeping implications for Third World development, engineering multinational Acres International has been convicted in Lesotho of bribing a foreign official to secure contracts on a multibillion dollar dam scheme.
(June 27, 2002) A corruption trial in Lesotho should be forcing Canadian agencies to re-examine their relationships with firms that engage in bribery. Instead, the indifference it is being greeted with indicates little has changed.
(June 21, 2002) Patricia Adams’ speech from her 12-city speaking tour of Germany in June 2002, at the invitation of the German Jubilee Network.
(February 23, 2001) For creditors to expect any protection for their loans to foreign states, their loans must be utilized for the needs and interests of the state; otherwise the loans belonged to the power which contracted them, and were therefore, debts of the regime.
(August 20, 1999) ‘Corruption has to be tackled head on,’ declared Diane Marleau, Canada’s minister for foreign aid this spring, two months after Canada adopted the OECD’s anti-corruption convention by making bribery of foreign public officials a criminal offence. But on the eve of the world’s first foreign aid-related corruption court case — one involving Canadian engineering giant Acres International — the government agencies concerned mostly appear to be abdicating responsibility.
(May 10, 1999) A global movement is asking Western nations to forgive ‘odious’ debt extended to despotic regimes. The cause has merit, but opposition is building.
(November 29, 1995) For 5O years government guarantees have allowed the World Bank and its sister development banks to amass the world’s riskiest loan portfolios. Three months ago, the weakest of these sisters, the African Development Bank, was downgraded. And now for the first time, the World Bank admits that many of its own loans can’t be paid back.