(April 15, 2008) In their paper’s abstract, Gulati and Ludington set out to expose the “murky reality” of the life of Alexander Nahum Sack, and how this reality conflicts with the “myth perpetuated in the odious debts literature.” The dominant theme, though insinuated rather than stated clearly, is that the odious debts movement has deliberately exaggerated Sack’s eminence in order to establish the doctrine as customary international law. The authors also make few distinctions among the various organizations in the debt forgiveness movement. I would recommend that the authors stick to the facts rather than assign motives, and be precise in their charges rather than employing broad brushes.
(March 26, 2008) World Bank funding has been called out as a large contributor to Kenya’s ‘culture of corruption’ in the wake of last year’s presidential election crisis.
(March 26, 2008) World bank system to safeguard oil revenues hasn’t exactly worked as expected.
(February 29, 2008) A letter from NGOs to Ban Ki-Moon regarding external debt.
(February 1, 2008) South Africa’s widely commended Truth & Reconciliation Commission has a blind spot. Surprisingly, no attention appears to have been given to the foreign corporations, individual investors and Western governments that helped create and sustain the racial dictatorship which came to be known as apartheid.
(January 16, 2008) A review of World Bank loans to India’s health sector by the Bank’s own internal watchdog, indicates fraud and corruption put lives at risk, enriching contractors in the process. Worse still, says WSJ, the bank repeatedly looked the other way.
(January 16, 2008) Reporting on Indonesia’s ex-president Suharto’s death watch, Canada’s National Post writer, Peter Goodspeed, paints a clear picture of how the people of Indonesia became saddled with a legacy of odious debts.
(January 16, 2008) The World Bank’s chief anti-corruption investigator calls it a day: pressure to leave over allegations her appointment due to Republican party connections.
(December 28, 2007) Martin Weiss, an analyst with the Congressional Research Service, the public policy research arm of the U.S. Congress, has published an updated paper about the treatment of Iraq’s debts by creditor nations following the fall of Saddam Hussein.
(December 19, 2007) In the wake of a staff mutiny against former World Bank president Paul Wolfowitz, the U.K. edition of The Economist notes that the lending giant’s new head, Robert Zoellick, has raised a windfall in support from rich countries.
(December 17, 2007) Debt watchdog wants $512.57 million worth of foreign debt-related funds reallocated to social services.
(November 28, 2007) When the World Bank staff staged a coup against then-President Paul Wolfowitz earlier this year, The Wall Street Journal editorials argued that one motivation was to stop his anti-corruption fight. Now The WSJ describes “another backroom putsch,” this time against Suzanne Rich Folsom, the head of the bank’s anticorruption unit (INT, or department of institutional integrity).
(November 20, 2007) Neil Watkins, National Coordinator of Jubilee USA Network, testified before the Congressional House Committee on Financial Services considering the Jubilee Act for Responsible Lending and Expanded Debt Cancellation of 2007, earlier this month.
(November 7, 2007) Current odious debt doctrine – using the term ¬ìdoctrine¬î loosely, since it has never formally been adopted by a court or international decision maker ¬ñ dates back to a 1927 treatise by a wandering Russian academic named Alexander Sack.
(November 2, 2007) This is Jeff King’s second major work on the doctrine of odious debts, the first being the landmark study he produced with Ashfaq Khalfan and Bryan Thomas on behalf of the Centre for International Sustainable Development Law at McGill University in 2001 (and finalized in 2003). Like the first, this one is full of important legal history and arguments that odious debt advocates will want to know.