(July 8, 2004) Iraq’s Finance Ministry will auction IQD150 billion ($103 million) of treasury bills (T-bill) on July 18, 2004, Reuters reported. The T-bill issue would be used to repay outstanding debt issued by Saddam Hussein’s regime.
Iraq expects global lenders to write-off its $120 billion foreign debt
(July 8, 2004) The Iraqi government expressed confidence that global lenders would write off its huge $120 billion foreign debt, helping to rebuild Iraq’s economy and revive the vital oil sector.
Farmers angered over debt
(July 8, 2004) The Federal Minister for Trade Mark Vaile has told farmers there is no other option but to forgive Iraq’s wheat debt to Australia.
UK calls for world rethink on trade politics
(July 8, 2004) A senior United Nations economic adviser has suggested that impoverished African countries should refuse to pay foreign debt worth tens of billions of dollars.
Not even the CCP should steal state funds: auditor
(July 8, 2004) China’s top audit body is to examine Chinese Communist Party (CCP) departments as well as more central government and state-funded institutions after massive and rampant misuse of funds was uncovered, state media said yesterday.
Tapping into the Death Star
(July 7, 2004) How Carl Pechman (a Probe International consultant) and a team of Santa Cruz-based transcribers worked tirelessly to get the now-infamous Enron tapes into the public domain.
Iraq debt write-off bitter pill for developing nations
(July 2, 2004) It is hard to argue against debt relief for struggling economies but experts say US efforts to forgive most of Iraq’s $120 billion would be a slap in the face for nations still paying old dictators’ bills.
Poor Lao farmers pin hopes on hydropower
(July 7, 2004) Anti-dam campaigners dispute the economic rationale for building the Nam Theun 2 dam, saying the promise of cheap electricity is an illusion.
Don’t pay foreign debt, African countries urged
(July 7, 2004) A special adviser to United Nations Secretary General Kofi Annan has said African countries should refuse to repay their foreign debts.
UN’s oil-for-food program in Iraq to be probed
(July 7, 2004) Independent US Committee promises careful investigation of alleged corruption in UN oil-for-food program in Iraq.
Official discusses Iraq’s external debt
(July 7, 2004) Iraq’s massive debt could badly hinder efforts to rebuild the nation’s economy, its finance minister warned Wednesday.
U.S. says development bank corruption ‘intolerable’
(July 21, 2004) Washington: Corrupt use of World Bank and other global development money is "intolerable" and more needs to be done to root out abuses, a senior U.S. Treasury official said on Wednesday.
Firms ‘aid poor-country fraud’
(July 4, 2004) International oil and mining companies are abetting the vast misappropriation of public funds in the developing world, a report has said.
Lesotho builds case against Impregilo
(June 6, 2004) Impregilo, one of Italy’s biggest construction firms, will know within weeks if it is to face corruption and bribery charges arising from the Lesotho Highlands Water Project (LHWP).
Australia to forgive Iraq debt as eyes wheat market
(June 3, 2004) Australia will forgive the majority of a $500 million debt owed by Iraq for wheat purchases as it looks to rebuild one of its most important markets for grain, Trade Minister Mark Vaile said yesterday.
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