(June 23, 2005) “Debt cancellation has been touted as an ultimate act of charity, however, people’s movements in the indebted countries and their allies around the world have long pointed to the illegitimate nature of their debt burdens, saying, “Don’t Owe, Won’t Pay!”
Raising the flag on Iraq reparations
(June 23, 2005) The United Nations is being urged to stop paying billions of dollars in reparations from Iraq – one of the world’s most indebted countries – to claimants, many of them from Kuwait, one of the world’s richest nations.
Despite regime change, Iraq debts keep mounting
(June 22, 2005) International social justice groups are calling on the United Nations to stop paying out millions of dollars in Iraqi oil revenues in war reparations, claiming Iraqi citizens should not be held responsible for Saddam Hussein’s actions.
Debt relief’s bet is not on violent revolutions
(June 21, 2005) Debt relief doesn’t address Africa’s long-term fundamental needs and how to put Africa on the right track to development: What Africa needs to do is to grow out of debt. What [debt relief] does is simply stabilize the situation.
Africa: debt, aid and race
(June 20, 2005) "Much of Africa’s debt burden was not really aid in the first place, but money that the West (and the old Soviet Union) handed over to keep their African clients loyal during the Cold War, knowing full well that it would be stolen."
S.Africa ex-deputy president to face graft charges
(June 20, 2005) South Africa’s popular former Deputy President Jacob Zuma will be charged with corruption in a case which has already seen his aide sentenced to 15 years in prison, the prosecution authority announced.
Translation by Three Gorges Probe The people of Wangusi village on the Xiangxi River, a major Yangtze tributary 45 kilometres up
(June 19, 2005) Eight years ago, Lu She Zhong and the other residents of Guan Yang, a hamlet in central Henan Province, were forced to move to this resettlement village about 40 miles away.
West should act against bribery in Africa-Wolfowitz
(June 19, 2005) World Bank President Paul Wolfowitz said developed countries have an obligation to prevent bribery in Africa by Western firms.
Uprooted by Xiaolangdi dam, Chinese villagers fight back
(June 19, 2005) Eight years ago, Lu She Zhong and the other residents of Guan Yang, a hamlet in central Henan Province, were forced to move to this resettlement village about 40 miles away.
Conference to review debt management by developing countries, debate issues of debt, development
(June 18, 2005) Two weeks before the Group of Eight (G-8) summit in Scotland this July, a conference focusing on the management of debt burdens, the long-term sustainability of external debt and the extent to which debt relief does or does not address development prospects in African countries will be held in Geneva from June 20 to June 24.
Shirking responsibility
(June 17, 2005) "If a despotic power incurs a debt not for the needs or in the interest of the State, but to strengthen its despotic regime, to repress the population that fights against it, etc., this debt is odious for the population of all the State." –Alexander Sack, 1927
Erasing the scar or the evidence?
(June 17, 2005) Hailed as the biggest debt settlement the world has ever seen, the recent agreement by the Group of Eight (G-8) rich nations to write off the debts of 18 of the world’s poorest countries has not managed to quell calls for debt repudiation in Africa.
Democracy not basis for World Bank funds
(June 16, 2005) Foreign financial assistance is not based on sound economic policies or genuine democratisation principles and inevitably contradicts sound nationalistic economic policies, claims an editorial by New Vision,Uganda’s largest daily.
It just won’t work
(June 12, 2005) Tony Blair’s desire to save Africa is admirable; his ideas are not.
PRESS RELEASE Export Development Canada keeps taxpayers in the dark, says Rosen and Associates Limited
(June 14, 2005) A report by one of Canada’s leading forensic accounting firms, Toronto-based Rosen and Associates, criticizes the 2003 annual report of Export Development Canada for not differentiating between commercial and politically-mandated activities. EDC is a crown corporation that in 2003 backstopped $51.9 billion in exports and international investments by Canadian enterprises. The Rosen and Associates study focused on the financial reporting relating to EDC’s loan portfolio.
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