Tag: Odious Debts

U.K. export credit agency secretly funded Iraqi chemical weapons plant

(March 1, 2003) Earlier this year, journalist David Leigh documented the fascinating story of how a chemical plant the U.S. identified as a key component in Iraq’s chemical warfare arsenal, was secretly built by Britain in 1985 with financial backing from the government’s export credit agency, Export Credits Guarantee Department. The British taxpayer was forced to write a compensation cheque for ?00,000 to the German-owned company after final checks on the plant, completed in May 1990, were interrupted by the outbreak of the Gulf war.

Corruption busting

(January 24, 2003) The multibillion-rand Lesotho Highlands Water Project (LHWP), which transfers huge quantities of water from the rugged peaks of the Mountain Kingdom to the industrial heartland of South Africa, has always fitted the current stereotype of large dams – that they are massive, expensive and, environmental campaigners would say, destructive.