(September 22, 2004) Hours before Prime Minister Paul Martin is expected to make Africa a central part of his first address to the United Nations, his government announced that it has cancelled the debts owed Canada by three more African countries.
Richest nations may drop debt of 33 poorest
(September 22, 2004) The world’s wealthiest governments will decide on Oct. 1 whether to back a proposal by Britain and the United States to write off tens of billions of dollars in debt owed by 33 of the world’s poorest nations to international financial institutions.
Monumental plunder (editorial)
(September 21, 2004) It is clear that the Marcos dictatorship plundered and destroyed the Filipino economy. Justice demands that the government continue its efforts to recover every peso of the money stolen by the Marcoses from the people.
U.S. and Europe expect to reach pact on Iraq debt by end of year
(September 20, 2004) U.S. and European officials said they expect to hammer out a deal by year-end to forgive most of the loans Iraq owes industrialized nations, giving a big boost to the new Baghdad government’s ability to sort out its tangled finances.
Allawi insists Iraq elections on schedule
(September 20, 2004) On Sept. 28, Cato will release a new policy analysis, "Iraq’s Odious Debts, by Patricia Adams. She argues that an open arbitration process is a more fair and equitable way to handle Iraq’s debts.
Iraq’s economic and security problems must be solved
(September 20, 2004) Not just for us but for the world.
Washington to spend less on Iraq aid, more on police, business, debt
(September 17, 2004) The Bush administration has officially proposed to shift money away from Iraq’s reconstruction effort toward internal security, the oil industry, "economic development" in Iraq’s private sector, and paying back Iraq’s debt to the U.S.
It’s morally right to forgive debilitating Third-World debt
(September 16, 2004) The United States Congress is currently considering the Jubilee Act, legislation that promotes one-time debt cancellation for poor developing countries.
Debt relief: Obasanjo berates U.S. on Nigeria
(September 16, 2004) President Olusegun Obasanjo yesterday chided on the United States government over what he described as the country’s discriminatory policy on granting debt relief to debtor countries which favour even richer countries.
Pinochet and ‘the most important bank’
(September 15, 2004) Will the federal government seize the assets of Washington, D.C.-based Riggs Bank and its affiliates in response to the bank’s role in supporting international terrorist Augusto Pinochet?
Paris Club favors ‘individual treatment’ of Iraqi debt cut
(September 14, 2004) The Paris Club of creditor nations didn’t arrive at a consensus on the exact amount of Iraq’s debt to be canceled, but agreed in principle to an individual treatment of the debt cut.
Paris Club favours ‘individual treatment’ of Iraqi debt cut
(September 14, 2004) The Paris Club of creditor nations did not arrive at a consensus on the exact amount of Iraq’s debt to be canceled, but agreed in principle to an individual treatment of the debt cut, the French Foreign Ministry announced this week. There is "consensus on the fact that Iraq’s debt is unbearable and that Iraq should benefit from the Evian approach decided at [the] G8 summit in 2003," said Foreign Ministry spokesman, Herve Ladsous. Such an approach, he said, permits the possibility of allowing an individual treatment of the debt cut to non-HIPC countries (Countries that are not technically Heavily Indebted Poor Countries).
U.S. wants to cancel poorest nations’ debt
(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.
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