(July 26, 2005) The Republic of Iraq today announced its intention to offer to settle outstanding Saddam-era commercial claims against Iraq and Iraqi public sector obligors through a cash buyback.
Red in the face
(July 25, 2005) A Rs 374 crore power fiddle comes to haunt the CPI(M). A CBI probe, comrades?
Group urges federal government to reject foreign debts
(July 25, 2005) A group, Strategic Union of Professionals for the Advancement of Nigeria (SUPA) has called on the federal government to reject the debt pardon recently given by the Paris Club describing it as dubious.
Debt relief: ‘publish’
(July 25, 2005) Publishing the names of past leaders and officials who looted the nation's treasury and stashed funds in overseas bank accounts is the only way Nigeria can show the outside world its anti-corruption campaign is serious, says debt campaigner.
Iraqi reconstruction efforts ‘rife with corruption and waste’
(January 24, 2005) The authors of a new report on post-conflict reconstruction have warned that efforts to rebuild Iraq have so far proved wasteful, ineffective and rife with corruption.
Use ‘tough love’ on Zim, says Leon
(July 21, 2005) The South African government needs to take a “tough love” approach to Zimbabwean President Robert Mugabe’s outrageous and unprecedented appeal for a R6,5-billion loan, says South African opposition Democratic Alliance leader Tony Leon.
SNC-Lavalin row
(July 21, 2005) CPM state general secretary and former power minister Pinarayi Vijayan laid the blame on the UDF for not getting the grant for the completion of the Malabar Cancer Centre at Thalassery.
Former minister breaks silence on Canadian deal
(July 21, 2005) Communist Party of India (Marxist) State secretary Pinarayi Vijayan yesterday broke his silence on the controversial the Canada-based SNC Lavalin contract, admitting that the company has erred in its commitment to Kerala.
Canadian company contract haunts LDF
(July 20, 2005) Skeletons are tumbling out from the Left Democratic Front (LDF) cupboard in the form of controversial deal for power projects between Kerala State Electricity Board (KSEB) and a Canadian firm during the previous LDF rule.
Government of Kenya should declare official position on debt
(July 19, 2005) "Our debt is largely odious and illegitimate, contracted by a corrupt ruling elite and conveyors of the creditors out to make money," claims Kenyan debt campaigner.
Nigeria: debt and corruption
(July 18, 2005) “It is often argued that canceling external debts is tantamount to giving the offender a pat on the back. In other words, debt cancellation is seen as an immoral act. But what is it that’s immoral: the debt or its cancellation?” writes Nnimmo Bassey.
$18bn relief: arrest money launderers – Paris Club
(July 15, 2005) Some highly placed Nigerians allegedly involved in money laundering and other economic crimes are to be arrested and prosecuted under a recent understanding reached between the federal government and the Paris Club of creditors.
Paris Club gives looters’ names to Obasanjo
(July 15, 2005) In exchange for debt relief, the Paris Club has given Nigerian President Olusegun Obasanjo a list of prominent Nigerians to go after and prosecute for allegedly siphoned public funds overseas.
Enough handouts for Africa
(July 12, 2005) Africa deserves more than the West’s charity. Africa needs a hand up, not a never-ending series of handouts that do little more than play to Africa’s weaknesses and provide the donors with a false sense of gratification.
Why Africa’s leaders cannot wait for debt relief
(July 11, 2005) Examples of government corruption are “always far from the lips of the hand-wringing international nongovernmental organizations (NGOs) that plead Africa’s case for increased aid, debt cancellation and, well, anything really,” writes Dianna Games, the director of Africa@Work, an events, publishing and research company.
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