(July 13, 2000) MPs yesterday launched a devastating attack on the Foreign Office and Department of Trade and Industry over provisional plans to use export credit guarantees to support a controversial Turkish dam project.
West’s blind eye opens to Third World corruption
(July 13, 2000) An emerging war against corruption in several countries in southern Africa is changing the economic and political climate and challenging old ideas of sovereignty in unexpected ways.
Lesotho Highlands bribes trial starts
(June 5, 2000) The Lesotho Highlands Water Project corruption trial begins on Monday, with some of the world’s largest construction companies among the accused.
Criminal debt in the Indonesian context
(July 3, 2000) Associate Professor of Political Economy at Northwestern University discusses the concept of criminal debt and corruption of World Bank funds in Indonesia.
Export Credit Agency finance in sub-Saharan Africa
(July 1, 2000) ECA activities in Africa are linked to mismanagement, environmental disruption, corruption, and increasing social conflict.
FBI raids British firm’s offices
(June 22, 2000) Balfour Beatty – which also has a contract for the controversial Ilusi dam in Turkey and may face prosecution in Lesotho over alleged corruption payments over a dam project – was raided this month by 40 FBI agents.
Haiti in life and debt struggle
(June 17, 2000) President René Préval signed a petition calling on international creditors to annul Haiti’s swelling $1.2bn (£800m) debt. Forty percent of Haiti’s debt was incurred under Duvalier family misrule, when loans were regularly skimmed by regime cronies.
Larry Summers, US Treasury secretary, breaks up creditor consensus on Nigeria
(June 16, 2000) US Treasury Secretary Larry Summers has reversed US government policy and broken the consensus of creditors, by agreeing that Nigeria should be granted “multilateral debt reduction ….by the international financial community”.
UK firms paid a pounds 1.2M bribe to get dam contract
(June 14, 2000) British firms are among a dozen of the best known international construction companies involved in a trial in the remote South African kingdom of Lesotho.
Highlands hearing may land multinationals in hot water
(June 12, 2000) Today a landmark case gets under way in Maseru with the potential to embarrass some the world`s largest construction companies.
Bigger fish in the dock in Lesotho trial
(June 11, 2000) The Lesotho Highlands Water Project (LHWP) R25-million corruption trial restarts in Maseru next week.
Canada ratifies Inter-American Convention Against Corruption
(June 6, 2000) Foreign Affairs Minister Lloyd Axworthy today announced that Canada has ratified the Inter-American Convention Against Corruption. Announcement made at the Organization of American States (OAS) General Assembly
Jubilee 2000 calls for debt cancellation and the recovery of looted public fund for Nigeria
(June 5, 2000) “Debt Cancellation for Nigeria, will serve as a clear indicator of the commitment of the international community to support sustainable development and to consolidate democracy in Nigeria.”
Mugabe and submerging African markets
(May 20, 2000) After a few years in which even such down-and-out economies as Mozambique rallied, Africa is again too risky for emerging market investors.
O.J. lawyer to defend dictator’s family over stolen $8B
(May 15, 2000) Johnnie Cochran, who became one of the United State’s richest and most famous lawyers when he defended O.J. Simpson, has been hired by the relatives of a Nigerian dictator to halt the recovery of billions of dollars stolen from the government.
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