(November 24, 2003) The U.S. Ambassador to India agrees that Iraq’s debt should be "forgiven," but questions the Paris Club’s forgiveness route.
Schroeder calls for Iraq debt relief
(Sydney Morning Herald November 24, 2003) We have not forgotten what helped Germany after World War II. Without the Americans’ generous repayment plan, there would not have been reconstruction and an economic miracle in Germany.
Germany backs Iraq debt relief by Paris Club
(November 23, 2003) German Chancellor Gerhard Schroeder said Germany would endorse a reduction of Iraq’s debt to Germany, once Iraq’s security situation and political structure had improved.
Nigeria intimidating debt profile
(November 20, 2003) The entire process of debt renegotiation and rescheduling may be fraught with shady dealings. Nigerians need to know exactly the status of both the domestic and external debt profile and strategy for tackling it.
U.S.’s Snow sees no threat of trade war over steel
(November 17, 2003) U.S. Treasury Secretary John Snow said he had a figure in mind for how much Iraqi debt should be forgiven.
Experts meet on Africa’s debt in Dakar
(November 17, 2003) Experts from across the continent and beyond would meet from tommorrow to Wednesday in Dakar, Senegal on debt problems in Africa.
Africa is not in flames
(November 17, 2003) While Bono’s oratory may be splendid, his analysis sells Africa short . . . As Africans know too well, the more that their governments have received foreign aid, the more poverty has grown.
Groups fear Canadian funding for Romanian mine
(November 16, 2003) The World Bank’s refusal to help fund a Canadian company’s controversial development of a huge open pit gold mine in Romania has raised concerns the Canadian government will step in with money.
Opinion: Iraq’s debt
(November 14, 2003) The basis of the [odious debt] argument is not just moral and political: it is grounded on a century-old international legal doctrine that has been revived recently to deal with increased accountability for creditor complicity in shady lending practices.
Ex-Im Bank proposes to underwrite U.S. exports to Iraq
(November 13, 2003) Ex-IM president announces a $500m credit facility with the new Trade Bank of Iraq: "In order to have physical security and political stability, we must do something to enable Iraqis to realize their wealth more quickly."
South African Export Credit
(November 13, 2003) Business Day reports that Saddam Hussein owed 159.4 million rand ($24m) to the Export Credit Insurance Corporation of South African Limited, according to the Minister of Finance, Trevor Manuel.
Human rights supersede profit
(November 11, 2003) It was arguably economic pressure brought by sanctions that eventually brought down the racist apartheid system; but by the same token, it was economic support from the outside including loans from multinational banks which kept the system going.
Leading company implicated in Lesotho bribery case
(November 11, 2003) French-based Schneider calls itself one of the world’s leading manufacturers of equipment for electrical distribution, industrial control and automation. It boasts operations in 130 countries.
IMF still discussing Iraqi debt
(November 9, 2003) The International Monetary Fund is still assessing how much of Iraq’s debts should be forgiven and what level of debt would be sustainable for the country scarred by years of war and isolation.
Paris Club could consider cancelling part of Iraq’s foreign debt
(November 7, 2003) The group aims to reach an agreement with Baghdad by the end of 2004, the deadline of its official moratorium on Iraq’s payments, a person close to the Paris Club told Friday’s Wall Street Journal.
Patricia Adams
Dai Qing
Fan Xiao
Lawrence Solomon
Mu Lan
Probe International
Lisa Peryman
Probe Media
Other News Sources
Probe International 