Banking on empire

(February 4, 2004) Iraqi ministries will now be able to borrow billions of dollars to buy much-needed equipment from overseas suppliers, but only by mortgaging the national oil revenues through a bank managed by New York-based multinational JP Morgan Chase.

Debt and reparations

(February 1, 2004) In addressing Africa’s struggle for relief from its onerous external debt, advocates of global justice have raised a critical question: Who owes whom? Millions of people on the continent and throughout the world have concluded that it is the countries of the Global North that are heavily indebted to African countries for over a century of exploitation.