(March 18, 2004) Southern African kingdom faces enormous costs for litigation against companies that bribed officials to win water project deals.
Fraser-Moleketi calls for global cooperation against corruption
(March 18, 2004) South Africa: Public Service and Administration minister Geraldine Fraser-Moleketi has appealed to the international community to join hands in fighting the cancer of corruption worldwide.
Letter to the presidents of Argentina and Paraguay regarding the Yacyreta and Corpus dam projects
(March 17, 2004) We ask you, in the light of the damages which have been identified in both projects, "How do you think it will be possible for you to legitimize your political decision to move forward with them?"
The key word is failure, Ms. Kelly
(March 17, 2004) This week has seen the opening of a £5 billion multinational dam project in tiny Lesotho, in southern Africa, that has already become more famous for exposing bribery than delivering water.
Mountain kingdom rates high in governance
(March 17, 2004) Lesotho yesterday officially opened Africa’s largest dam and water project – a stunning $8 billion (R53.2 billion) scheme that has involved the impoverished kingdom in fighting and winning unprecedented battles against corporate graft.
Impacts of the Nam Theun 2 Hydroelectric Project
(March 16, 2004) An in-depth analysis of the impacts of the Nam Theun 2 Hydroelectric Project on the 150,000 civilians who wil be affected by the dam, as well as the social and political consequences of the dam’s construction.
Iraq debts to Saudi hinder debt reduction deal-source
(March 16, 2004) A deal to reduce Iraq’s huge debt burden is being hindered by disagreement over whether Iraq’s debts to Saudi Arabia should be classified as loans or as grant aid, senior European treasury officials said on Tuesday.
Iraq’s odious debts “Arabic version”
(March 16, 2004) International conference on Iraq and debt relief in Berlin, Germany, March 16–17
Lesotho opens graft-hit dam project
(March 16, 2004) The project has drawn attention to the corrupt practices of some Western companies working in Africa.
Lesotho commended on corruption bust in water project
(March 16, 2004) President Thabo Mbeki has heaped praises on the Lesotho government on the way it has dealt with malpractices at the Lesotho Highlands Water Project, saying the action ensured increased investor confidence in future projects.
Related articles: Canadian firm in World Bank corruption probe
(March 16, 2004) The World Bank has formally reopened a corruption inquiry into a leading Canadian engineering company, which could lead to the first blacklisting of a major international firm.
Acres’ Lesotho woes continue
(March 16, 2004) Acres International Ltd., already convicted in an African bribery case, could be barred from World Bank-financed projects for corruption, the bank confirmed yesterday. It would be the first major international engineering firm to suffer that shame.
Iraq hopes to reach debt reduction deal this year
(March 16, 2004) Iraq’s finance minister said Baghdad hoped to finalise a deal to ease its massive debts this year, despite splits among creditors over how much debt relief to grant a country so rich in oil. "The world saw what happened in Iraq: 35 years of damage," said Kamel al-Gailani, who held talks with an IMF team in Beirut this week. "Iraq is a rich country, but to return to the international community as soon as possible we need a substantial reduction." He declined to say how much.
Ernst & Young to trace Iraqi debt
(March 16, 2004) Young to help trace Iraq’s loan contracts and reconcile who is owed what from the country’s estimated $120 billion debt pile, a senior treasury official told Reuters Tuesday.
Cambodians alarmed by Vietnam’s dam building
(March 16, 2004) Plans to build a large hydropower plant in northeast Cambodia have alarmed communities already hard hit by Vietnam’s dam building on the Se San River.
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