(October 24, 2005) Debt campaigner Jubilee USA claims threat Nigeria’s parliament earlier year halt foreign debt payments helped pressure rich Western creditors negotiate debt write-off deal worth $18 billion.
Debt cancellation sets looters free
(October 24, 2005) The Paris Club cartel of creditor nations confirmed this week a proposed debt relief deal that would grant Nigeria a debt write-off of 67 per cent ($18 billion).
Debt cancellation sets looters free
(October 24, 2005) Debayani Kar, the communications and advocacy coordinator for Jubilee USA, said the Paris Club write-off “demonstrates the partial success of the Nigerian parliament’s threat to cancel its own debt through repudiation, which helped to force the hand of these creditors”. But, she said, “we don’t think it makes sense to make an impoverished country like Nigeria pay $12 billion when that money should be spent on AIDS, health, and education”.
The long vigil for debt relief
(October 22, 2005) Just before Nigeria’s finance minister left the Paris Club meeting, she said: “I do not wish that any Nigerian or set of Nigerians will ever come here to face this again.”
Britain and Nigeria’s half-hearted war on corruption
(October 21, 2005) Too little attention is being paid to a problem of which the Niger Delta is a prime example: the long-standing network of corrupt relationships between western governments, rich nation businesses and African elites.
Paris Club in Nigeria debt deal
(October 20, 2005) The Paris Club of creditor nations has agreed a debt relief deal with Nigeria worth $18 billion.
Nigeria’s reforms rewarded with $18bn debt relief
(October 20, 2005) Rich Western creditor nations yesterday rewarded determined efforts by Nigeria’s Government to reform its economy and tackle corruption with a write-off of $18 billion of debt.
Nigerian threat to repudiate helps force Paris Club to deliver debt cancellation
(October 20, 2005) “Nigeria’s debt write-off at the Paris Club demonstrates the partial success of the Nigerian parliament’s threat to cancel its own debt through repudiation, which helped to force the hand of these creditors.”
Nigeria debt deal fuels group’s optimism
(October 20, 2005) “Most Nigerian debt was lent to corrupt dictators by irresponsible creditors. These creditors should now recognize their responsibility and fully cancel Nigeria’s debt.” – Otive Igbuzor, ActionAid country director for Nigeria.
U.S. Sen. sees progress in banks anti-corruption fight
(October 20, 2005) International development banks have made progress in fighting corruption in their organizations, the U.S. Senate sponsor of anti-corruption legislation said.
ADB says won’t publish list of corrupt firms
(October 19, 2005) The Asia Development Bank’s corruption chief on Wednesday defended his decision not to publish the names of companies blacklisted for corruption in institution-funded projects, despite pressure from donors.
Chile court strips Pinochet immunity in tax case
(October 19, 2005) Chile’s Supreme Court stripped former Chilean dictator Augusto Pinochet of his immunity from prosecution on Wednesday so he can face charges of tax fraud involving an estimated $27 million in offshore accounts, a court source told Reuters.
Downstream groups back a free-flowing Nu River
(October 19, 2005) As controversy swirls in China around development plans for the Nu River in Yunnan province, 90 environmental and community groups in Burma and Thailand have lodged their own appeal with Beijing to keep the pristine international river free of dams.
Speakers highlight plight of poor in debt-ridden countries
(October 19, 2005) Wahu Kaara speaks to students about the damage of third-world debt.
Worst corruption offenders named
(October 18, 2005) Corruption leads to much-needed resources leaking overseas.
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