(February 26, 1999) Transparency International proposes a broad framework to encourage transparency in export credit agencies.
We can’t wipe out debt, says government
(November 4, 1998) The government responds to pressure to wipe out the ‘apartheid debt’ by arguing that it’s not technically feasible. Critics say it is.
Canadian Discussion Paper for Rome Meeting
(October 31, 1998) The Canadian Ecumenical Jubilee Initiative represents approximately 30 churches, inter-church coalitions and church-related organizations who have joined together to sound a strong, new call for justice, peace and the integrity of creation.
Truth and Reconciliation Commission report excerpt
(October 30, 1998) South Africa’s Truth and Reconciliation Commission (TRC) yesterday accused the country’s business sector of helping to sustain apartheid and called for financial contributions from business to make up for past injustices.
Big names join campaign
(October 20, 1998) Prominent South Africans have joined a campaign to scrap the apartheid debt before the millennium, says Jubilee 2000 organiser Neville Gabriel
Debt creating aspects of export credits
(August 1, 1998) Export Credit Guarantees should, as a rule, only be extended for development purposes. However, increases in export credit guarantees seem to reflect an exporter-driven drive for business, rather than a borrower-driven need for funding.
Lesotho water transfers- no cause for celebration
(February 24, 1998) Today marks the inauguration of the first water supply from Lesotho to South Africa. However, it is not a day to celebrate.
Don’t repay unjust debts
(December 12, 1997) If South Africa is serious about reconciliation and justice, we need to look creatively at the burden of debt incurred by the previous government.
Shattered Rwanda vows to repay billion dollar debt
(November 17, 1997) Rwanda’s economy has been shattered by years of ethnic conflict, but it has vowed to repay all foreign debts incurred by previous regimes even if the money was used to repress Rwandans.
The international debt crisis of Iraq
(August 1, 1997) This paper analyzes Iraq’s indebtness problem and investigates the applicability of debt-equity swaps as a means of alleviating the severity of Iraq’s external debt and obligations.
Saddled with apartheid debts
(May 22, 1997) Nelson Mandela used a world economic forum in Harare this week to argue that South Africa’s major problem is servicing the massive debts run up by apartheid governments.
Should we pay the debt of the past regime?
(March 14, 1997) Should the people who were victims of the oppressive machinery of apartheid now be forced to repay those financiers who were immoral enough to finance the machinery?
A troubling deposit at World Bank
(November 29, 1995) For 5O years government guarantees have allowed the World Bank and its sister development banks to amass the world’s riskiest loan portfolios. Three months ago, the weakest of these sisters, the African Development Bank, was downgraded. And now for the first time, the World Bank admits that many of its own loans can’t be paid back.
Probe Alert Fall 1995
UN body financing the destruction of two major river systems
The World Bank’s Finances: An International S&L Crisis
(October 3, 1994) The World Bank, which is celebrating its 50th anniversary this year, has long enjoyed a sound financial reputation. But its AAA credit rating is not justified. Because of the perverse incentives under which the World Bank operates, the quality of its loan portfolio has diminished significantly, and because the bank is backed by rich-country governments, its irresponsible lending exposes Western taxpayers to a possible World Bank bailout on a scale comparable to the U.S. savings-and-loan bailout. That would leave taxpayers in the industrialized countries on the hook for $100 billion; U.S. citizens would be liable for nearly $30 billion.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
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