(July 16, 2004) A UN-backed watchdog has reported weak controls over Iraqi oil riches under the US-led occupation, including use of the money for a no-bid Halliburton contract.
Nairobi ‘unlikely’ to break IMF impasse
(July 15, 2002) The stalemate preventing Kenya from regaining access to World Bank and IMF credit is also jeopardising the country’s chances of negotiating lenient loan-repayment terms with the Paris Club of donors.
Corrupt influence by Big Oil alleged
(July 15, 2004) Senate panel uncovers deals in West Africa.
Bank, Big Oil tied to African payments
(July 15, 2004) Congress finds millions were sent to the rich and powerful in Equatorial Guinea after a probe that started with the venerable Riggs Bank.
British envoy denounces Kenya’s ‘looting spree’
(July 15, 2004) Leadership ‘eats like a glutton’: Country faces losing international donors if corruption not stopped.
Paris bank is subpoenaed in U.N. Oil-for-Food probe
(July 15, 2004) A House committee has issued a subpoena for financial records from a French bank that managed billions of dollars in Iraqi oil revenue through a U.N.-administered humanitarian program.
Abuse of power
(July 14, 2004) After flagrant abuse by Saddam and gross mismanagement by the UN, Iraq’s Oil for Food program is spawning another cliche: a nine-headed monster of an investigation.
Tear down this U.N. stonewall
(June 14, 2004) The secretary general of the U.N. tapped me on the shoulder at a recent luncheon and said, “May I have a word with you?”
Heed not the cynics, Africa
(July 13, 2004) There will be a time when the democratic transition South Africans achieved 10 years ago will no longer be considered a miracle.
Anti-Bush lobby missing chance on debt write-off
(June 11, 2004) If this is the long-awaited Europe-US reconciliation on Iraq, it does not add up to much.
“Publish What You Pay NGO coalition statement” G8 Summit, Sea Island
(June 10, 2004) A coalition of NGOs have called on the Group of Eight leaders to fulfil their commitment to revenue transparency. Lack of transparency has allowed resource revenues to be mismanaged and embezzled by corrupt governments in more than 50 developing countries around the world, says Publish What You Pay (PWYP) – an NGO appeal for full transparency of oil, gas and mining companies’ payments to national governments.
Spoils of corruption
(July 9, 2004) It is necessary to instill the values and methods of professional and competent management of government in order to check corruption.
Iraq to auction $10 million of treasury bills
(July 9, 2004) In a bid to establish a bond market and kickstart Iraq’s local capital markets, Iraq’s Finance Ministry intends to auction 150 billion dinars ($103 million) of treasury bills on July 18.
Iraq confident of $120 billion debt write-off
(July 9, 2004)The Iraqi government expressed confidence on Wednesday that global lenders would write off its huge $120-billion foreign debt, helping to rebuild Iraq’s war-ravaged economy and revive the vital oil sector.
Concrete measures needed to stabilize Iraq
(July 9, 2004) Judging by diplomatic statements the whole world is now eager to help Iraq.
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