Tag: Odious Debts

The loans of mass destruction

(March 8, 2006) A few weeks ago, Colin Powell’s former chief of staff in the State Department, Lawrence Wilkerson, revealed to a PBS NOW audience something we all knew anyway about Saddam Hussein’s weapons arsenal: ‘I participated in a hoax on the American people, the international community, and the United Nations Security Council.’

CAG finds lapses in deal with SNC Lavalin

(February 14, 2006) The KSEB signed an MoU with Lavalin in August 1995. Under the provisions of the MoU, the funds for the renovation were to be arranged by SNC Lavalin from the Export Development Corporation (EDC), Canada, and the Canadian International Development Agency (CIDA). The Board did
so, ignoring the CEA’s recommendation that immediate replacement of the generating units at the allivasal power station was not called for as the plant was in fairly good condition.