(September 27, 2005) “We should learn from our past experience by ensuring that we no longer take loans in an unregulated or uncontrolled manner. We believe that the environment is no longer conducive and all that abuse is now in the past.”
Cautious welcome to debt relief deal
(September 27, 2005) Jubilee USA Network welcomed the agreement reached by the IMF and World Bank to implement the G-8 debt relief for 18 poor countries, but raised concerns about unresolved details of the deal.
World Bank: Debt relief plan approved
(September 26, 2005) The World Bank’s policy-making committee endorsed a sweeping plan to wipe out billions in debt owed by the world’s poorest countries, most of them in Africa, clearing the way for debt relief to begin early next year.
CBI probe sought into Lavalin
(September 24, 2005) A writ petition has been filed before the Kerala High Court seeking a Central Bureau of Investigation (CBI) probe into the award of a contract to the Canada-based company SNC-Lavalin.
Debt cancellation for 18 poor countries unlikely to be finalized this weekend
(September 23, 2005) Global shareholders in the World Bank and International Monetary Fund (IMF) are unlikely to agree this weekend on a debt deal for 18 of the world’s poorest countries, the lending institutions’ heads said Thursday as wealthy nations bickered over who would pay for the effort.
Debt deal in question
(September 22, 2005) Arbitrary criteria have been used to exclude most countries from debt relief. While it may be politically expedient for powerful countries to pretend that only a small set of countries need debt cancellation, it is time to explode this myth." – Christian Aid.
A big idea for aiding Africa – think small
(September 21, 2005) In the lead up to the annual meetings of the World Bank this weekend in Washington, where Africa will be high on the agenda, economist Korinna Horta and Lori Pottinger of the International Rivers Network Africa program claim the bank’s plan to pursue investment in large-scale infrastructure projects for the continent needs rethinking, based on the failure of past mega-projects in Africa, such as the corruption plagued Lesotho Highlands Water Project.
Solon says debt-for-equity bound for UN veto (full article)
(September 20, 2005) A Filipino senator said there was no cause for excitement over the government’s debt-for-equity proposal to the international community saying that the United Nations was certain to veto it.
Lesotho, SA to ink deal on highlands water project
(September 19, 2005) Lesotho and South Africa will sign an agreement for the feasibility study of the second phase of the Lesotho Highlands Water Project at the Mohale Dam this week.
Cancel Iraq’s debt, says prime minister
(September 17, 2005) In his address to the recent United Nations world summit in New York, Iraqi Prime Minister Ibrahim Jafary urged creditor nations to cancel Iraqi external debt “accumulated by the corrupt policies of the previous regime.”
Cancel Iraq’s debt: PM
(September 17, 2005) Iraqi Prime Minister Ibrahim Jafary urged creditor nations to cancel Iraq’s external debt in order for Iraq to rejoin the international community, "be an asset," "participate in promoting world security," and "face the challenges of terrorism."
SNC-Lavalin deal Canada under pressure
(September 17, 2005) The Canadian government is under tremendous pressure from Probe International, which has been exposing the SNC-Lavalin controversy through a media campaign on its website.
Restructuring of Iraq debt ‘on track’
(September 16, 2005) The first phase of Iraq’s debt restructuring to repurchase and cancel, at a discount, Saddam-era claims held by commercial creditors is complete.
Akanbi reels out causes of corruption in Nigeria
(September 16, 2005) Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) fingered four major reasons why corruption caused Nigeria to be rated the third most corrupt country in the world.
First phase of Iraqi commercial debt restructuring complete
(September 16, 2005) The first phase of Iraq’s debt restructuring to repurchase and cancel, at a discount, Saddam-era claims held by commercial creditors is complete.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
Other News Sources
Probe International 