(May 15, 2003) Some of Probe International’s accomplishments in fighting Odious Debts during the last decade.
Iraq’s Odious Debts
(May 15, 2003) There’s a silver lining to the war in Iraq, it is this: The arms merchants who supplied Saddam Hussein’s military machine will not berepaid. The foreign financiers who financed Saddam Hussein’s undemocratic regime will not be repaid.
Paying for apartheid
(May 15, 2003) Two major lawsuits – filed in the United States against multinational corporations including GM, IBM and Citigroup for aiding and abetting apartheid – are at a critical juncture.
UN: Process under way to deal with Iraq’s massive debt burden
(May 14, 2003) Before Iraq’s oil revenues can be used for reconstruction […] Iraq’s massive debt burden must be addressed. The draft resolution under consideration in the council contains some provisions that could signal how the issue will be resolved.
$495M in Iraqi assets found in Lebanon
(May 14, 2003) Lebanon’s central bank has located and secured $495 million (U.S.) in Iraqi funds, a U.S. Treasury official said at congressional hearings on efforts to trace the billions of dollars that Saddam Hussein is thought to have hidden away.
PRESS RELEASE: Newfoundlanders urge Fortis shareholders to scrap Belize rainforest dam
Probe International Press Advisory: Newfoundland activist and political satirist Greg Malone questioned directors about Fortis’ plans from the floor of the shareholders’ meeting at St. John’s Delta Hotel today.
Fraud charges laid against contractor
(May 14, 2003) Crucial player pulled out of deal, says the Pollution Control Department.
U.S. ”hasn’t demanded remission” of Iraq’s debt to Bulgaria
(May 13, 2003) Bulgaria have not been demanded to discount the debt of Iraq, the country’s foreign minister said commenting on talk that the U.S. wants Iraqi debt remitted.
Soros wants Iraq’s loans voided
(May 13, 2003)"I personally would be very happy to see the old creditors of Iraq not getting paid," Soros told a gathering at the CSIS. "That would send a signal to the financial markets that it’s dangerous to deal with oppressive regimes."
Can the ‘odious debts’ incurred by leaders like Saddam be forgiven?
(May 13, 2003) At the G-8 summit the United States will press for the forgiveness of Saddam Hussein’s state debts, on the ground that since that money was not borrowed on behalf and for the benefit of Iraq’s people, Iraq’s people should not have to repay it.
Suspension of Iraqi debt repayment eyed
(May 12, 2003) The government of Japan is considering allowing Iraq to temporarily suspend repayment of public-sector foreign debts accumulated under the regime of Saddam Hussein, sources said.
US resolution: It’s what’s missing that matters
(May 11, 2003) Additional sweeteners are also offered to France and Russia […]: The American resolution promises them that Iraq’s debts, incurred by Saddam, will still be honoured by any new Baghdad government.
Halliburton subsidiary admits bribes
(May 10, 2003) A subsidiary of controversial US oil services giant Halliburton paid a Nigerian tax official $US2.4 million ($A3.75 million) in bribes to get favourable tax treatment, the company has admitted.
What monetary regime for post-war Iraq?
(May 9, 2003) The post-war Iraqi situation appears to be one of a heavily indebted oil-exporting country, more similar to Venezuela than to Saudi Arabia. Moreover, the cost of rebuilding Iraq after the war is likely to place further burdens on its public finance.
More dams planned to soak up Three Gorges construction army
(May 9, 2003) The Three Gorges Corp. is planning to build four more dams in the Yangtze Valley to help absorb the huge labour force that was assembled for Three Gorges and will soon be idle, a Chinese newspaper says.
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