Tag: Odious Debts

The Millennium Development Goals: Meeting Africa’s special needs

(September 12, 2005) In her analysis of the March 2005 UN Millennium Development Goals report, UK and South Africa-based economist and journalist Margaret Legum highlights a report recommendation urging developing countries to “recommit themselves to taking primary responsibility for their own development by strengthening governance, combating corruption and putting in place the policies and investments to drive private-sector-led growth and maximise domestic resources to fund national development strategies.”

Bank Heist

(September 1, 2005) Corrupt businesses, politicians, and cronies are stealing hundreds of billions of dollars from the globe’ s poorest people but the World Bank and other MDBs routinely ignore this corruption and capital flight, despite numerous reform efforts.

Minister flays Canadian firm

(September 1, 2005) Aryadan Mohammed, the electricity minister for the small southwest Indian state of Kerala, claims Canada-based engineering and construction firm, SNC-Lavalin, has cheated the people of Kerala of Rs98m, which it had offered for setting up a cancer center in Malabar as part of a Rs3.47bn power contract approved by Kerala’s previous government.