(March 11, 2005) This week, Nigeria’s parliament passed a non-binding resolution demanding the country suspend repayment of its US$35-billion foreign debt. On Tuesday, Nigeria’s House of Representatives moved to repudiate the external debt, the highest of any African nation, comparing Nigeria’s situation to that of “countries emerging from war.”
A conduit for corruption?
(March 10, 2005) The report of the Africa Commission is expected to call for rich countries, and particularly their financial services industry, to do more to fight corruption.
2005 budget: Senate ignores House of Reps
(March 10, 2005) Barely 24 hours after the House of Representatives moved to repudiate the nation’s estimated $38 billion foreign debts, the Senate yesterday voted N169.9 billion for debt servicing.
World Bank takes a bashing
(March 10, 2005) Senators and congressmen in the Philippines have denounced the World Bank for trying to impose its will on the nation’s Congress.
Crack-down on foreign bribery underway in major exporting countries
(March 10, 2005) Fifteen OECD countries making “promising start” in enforcing anti-bribery laws.
Obasanjo admits failure over debt relief
(March 9, 2005) President Olusegun Obasanjo yesterday voiced his frustrations in his efforts to get debt relief for Nigeria over the past five years even as he supports a resolution calling for a stop to further payment of foreign debts.
Nigerian foreign debt row eases
(March 9, 2005) Nigeria’s debt burden remains stubbornly high.
Nigeria called to end debt payment
(March 9, 2005) Nigeria’s parliament has passed a nonbinding resolution demanding the country, Africa’s most-indebted nation, stop repaying its US$35 billion foreign debt.
Aminatta Forna: the West must own up to its part in African corruption
(March 9, 2005) The Africa Commission this week will finally acknowledge the West’s complicity in corruption.
Blair’s Commision For Africa Report Calls For West To Clean Up It’s Act
(March 7, 2005) The long awaited final report of British Prime Minister Tony Blair’s Commission for Africa calls on the developed world to help Africa curb corruption by cleaning up its own act, reports the UK’s Guardian newspaper.
The Argentine ‘solution’
(March 7, 2005) Argentina had been painfully slow to restructure its debts. Because it held off deciding to default for so long, the decision – when it finally came – hit the country hard.
Blair targets corruption in Africa plan
(March 5, 2005) Tony Blair will next week demand a radical shake-up of the west’s approach to the world’s poorest continent when his year-long Africa Commission calls for a doubling of aid, the dismantling of trade barriers, the writing off of debts and immediate action to stamp out
corruption.
Spotlight falls on corruption of Africa
(March 5, 2005) Rather than putting the blame solely on African governments, which has been the common tendency of some western governments, the Commission for Africa report makes a significant shift in the other direction.
Fiscal crisis takes a ‘creative’ turn in the Philippines
(March 4, 2005) A Filipino senator this week suggested the government look at Argentina’s model of debt default as one of a number of ways to ease the country’s ballooning national debt of P3.36 trillion ($60 billion).
Senators ask government to address P3-T debt
(March 4, 2005) Two lawmakers called on the Philippine government to ease borrowing from other countries and mortgage banks to address the country’s P3.81-trillion debt.


