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The Third World's Odious Debt
The South makes compelling moral arguments to cancel its foreign debts. But, it also has an indisputable legal case because the overwhelming majority of those debts are odious in law.
"If a despotic power incurs a debt not for the needs or in the interest of the State, but to strengthen its despotic regime, to repress the population that fights against it, etc., this debt is odious for the population of all the State."
- Alexander Sack, 1927
In 1927, Alexander Sack the world's pre-eminent legal scholar on public debts, defined the Doctrine of Odious Debts, which remains the ultimate legal source on that subject. The Doctrine of Odious Debts, though now 70 years old, helps bring clarity to today's complicated Third World debt situation, and fairness to a tragedy in which innocent Southern citizens pay, and corrupt and negligent borrowers and lenders get away scot-free.

Corruption

Corruption is defined as "the abuse of public power for private gain." Alexander Sack, the author and legal scholar of the doctrine of odious debts, included in his definition of odious debts, "loans incurred by members of the government or by persons or groups associated with the government to serve interests manifestly personal -- interests that are unrelated to the interests of the State." Below are examples of corruption in the world today as they apply to the odious debts movement.

Foreign Relations Committee approves UN convention against corruption  by Office of Dick Lugar, U.S. Senator for Indiana
The U.S. Senate Foreign Relations Committee has approved the UN Convention Against Corruption for ratification. The U.S. is among 85 countries that have signed, but not yet ratified the Convention. August 2/2006

Combat corruption: commit to the conventions  by The Corner House, et al.
Activists worry that "the failure" of G8 member states to renew existing commitments to monitoring corruption will undermine negotiations at the forthcoming Conference of the States Parties. July 12/2006

At World Bank, a pledge to focus on corruption   by Donald Greenlees
World Bank President Paul Wolfowitz has pledged to push the fight against corruption to the center of the bank's global development work in a speech outlining a comprehensive and detailed anti-corruption agenda. International Herald Tribune  April 13/2006

Wolfowitz unveils anti-corruption strategy  by Jerry Norton
A new system to reduce the risks of corruption in World Bank projects will address "incentives and opportunities to fight corruption right from the start" and investments in judicial and civil rights infrastructure in some countries will increase. Reuters  April 11/2006

The loans of mass destruction  by Patrick Bond
Wolfowitz's anti-corruption hoax at the World Bank. CounterPunch  March 8/2006

Why poor countries are poor  by Tim Harford
The reason why some countries prosper and others don't depends on good governance. Reason Online  March 1/2006

Wolfowitz's corruption agenda  by Sebastian Mallaby
The staff backlash at the World Bank is obscuring something interesting. In the past few months, there have been hints of fresh thinking on corruption. Now the evidence has reached critical mass: The change appears to be genuine. Washington Post  February 20/2006

Congress should investigate the United Nations tsunami relief effort  by Nile Gardiner
A recent investigation by the Financial Times has raised serious questions regarding the U.N.'s handling of the tsunami relief effort, in particular the way in which it has spent the first $590 million of its $1.1 billion disaster "flash appeal." Heritage.org  December 30/2005

Little clarity on how aid gets spent  by Shawn Donnan
It appears the disaster-relief world has a long way to go before it catches up with the private sector. Financial Times  December 23/2005

Third of tsunami funds go on overheads   by Shawn Donnan 
Even the most basic overhead breakdowns can be sensitive in the relief world where highly paid consultants are often a significant expense for the UN and its agencies. Details of such costs are usually absent from public material. Financial Times  December 22/2005

Anti-corruption declaration adopted  by Kim Sung-jin
Business leaders of 21 economies in the Asia- Pacific region Friday adopted an anti-corruption declaration, urging their heads of state to make greater efforts to eliminate corruption and enhance transparency. Korea Times  November 18/2005

The Middle East's real bane: corruption  by Michael Rubin 
The democracy debate will be moot until Arab citizens hold their leaders accountable, in the press, on the Internet, and on the street. The Daily Star Middle East  November 18/2005

Draft 2005 Action Statement on Measures to Deter Bribery  by Working Party on Export Credits and Credit Guarantees
The aim of this proposal is to provide a text to serve as a point of departure for ECG Members' further deliberations in respect of an enhanced Action Statement. November 14/2005

Worst corruption offenders named   by British Broadcasting Corporation (BBC)
Corruption leads to much-needed resources leaking overseas. October 18/2005

Fighting fraud and corruption: World Bank fills out its armoury of counter measures
Corruption remains a formidable barrier to development, the recently appointed World Bank President Paul Wolfowitz said in his first address to the annual World Bank and International Monetary Fund meetings in Washington. CIOB International News (Chartered Institute of Building)  October 3/2005

U.N. treaty to fight corruption begins  by Michelle Faul
A global treaty to fight corruption go into force in 90 days, empowering nations to prosecute officials accused of stealing public funds and to override bank secrecy laws to ensure stolen public money can be recovered. Washington Post  September 15/2005

Increasing aid goes hand in hand with fighting corruption, says Oxfam  by Caroline Green of Oxfam America
In the lead-up to the G8 summit, African organizations and international aid agencies are calling on world leaders to see international aid as a weapon in the fight against corruption rather than an excuse to stall on increasing aid pledges. US Newswire  June 30/2005

Global finance watchdog urges focus on corruption  by Peter Apps 
Tracking the proceeds of corruption and trafficking in people should be the focus of the world's anti-money laundering task force, rather than "terrorist" finance, the new head of Financial Action Task Force (FATF) said. Reuters  June 29/2005

Eva Joly to intensify Norway's efforts to combat corruption in developing countries  by The Norwegian Ministry of Foreign Affairs
In September Eva Joly will begin in a new position in Norad, where she will be focusing on efforts to combat international corruption within the framework of development co-operation. June 28/2005

Transparency International says construction most vulnerable to corruption  by Joe De Capua
A new report says construction, more than any other segment of a nation's economy, is prone to corruption. Transparency International says the corruption is often so bad that it "plunders the economy . . . and ravages the environment." Voice of America  March 16/2005

When the money goes west  by Michela Wrong
If the ill-gotten gains of the corrupt elite went into, say, mobile-phone companies at home, it wouldn't be so bad. But the funds always go overseas. New Statesman  March 14/2005

Crack-down on foreign bribery underway in major exporting countries
Fifteen OECD countries making "promising start" in enforcing anti-bribery laws. The Daily Monitor (Addis Ababa)  March 10/2005

Profligacy, corruption and debt  by Razi Azmi
Debt is not the only, nor the most debilitating, disease that afflicts most of the poor and not-so-poor nations of the Third World. Daily Times (Pakistan)  February 10/2005

The IMF's 'Guide on Resource Transparency'
While PWYP welcomes the guide, its recommendations are non-binding and implementation is voluntary. How the IMF will prompt governments to adhere to the guide "Code of Good Practices on Fiscal Transparency" is also unclear. Publish What You Pay  February 1/2005

Riggs Bank fined for not reporting suspect accounts
Riggs Bank pleaded guilty to failing to report suspicious financial transactions, including more than $10 million deposited by former Chilean dictator Augusto Pinochet. The judge said a $16 million fine agreed to by prosecutors may not be enough. Bloomberg.com  January 27/2005

Corner House double victory  by Corner House
On UK government department's anti-bribery rules and public interest litigation. January 25/2005

The UN Convention Against Corruption (UNCAC)  by United Nations Office on Drugs and Crime
The UN Convention Against Corruption represents international consensus about what states should do in the areas of corruption prevention and criminalisation, as well as international cooperation and asset recovery. January 1/2005

File on 4  by Andy Denwood, Fran Abrams, David Ross
Earlier this year, British ministers introduced tough new rules to ensure UK companies wouldn't pay bribes to win contracts abroad. But now a whole series of allegations is surfacing about UK-backed projects. British Broadcasting Corporation  November 30/2004

File on 4: Part II
"The British companies, of course, would say . . . we wouldn't dream of bribing anybody, but we just think the rules are too complicated, we can't possibly know what our associates abroad are doing, so we can't apply these rules." British Broadcasting Corporation  November 30/2004

Taxpayers' cash 'funding corrupt deals'   by File on 4: BBC Radio 4
The UK's "File on 4" explores claims of corruption that have surfaced over several projects backed by the UK government's Export Credits Guarantee Department. November 30/2004

EU watchdog exposes international aid fraud  by Marie-Louise Moller
The European Union's anti-fraud watchdog, OLAF, has uncovered serious abuse of international aid with major donors being overcharged for projects and money being siphoned off into secret private bank accounts. Reuters  November 26/2004

Whistles blown out of the water  by Thomas Devine and Paul Rodriguez
If 2002 was the 'Year of the Whistleblower,' 2004 can only be deemed the 'Year of the Gagged' when it comes to patriotic civil service whistleblowers challenging abuses of power by federal bureaucracies, say analysts. The Washington Times  November 21/2004

Follow the Money: A Guide to Monitoring Budgets and Oil and Gas Revenues  by Revenue Watch
A new publication aimed at helping citizens of resource-rich countries more effectively monitor government earnings and expenditures, based on the experiences of some of the most successful budget groups in the world. November 17/2004

Riggs National subject of investigation  by Associated Press
Riggs National Corp., the parent of Riggs Bank, disclosed Tuesday that both the U.S. Attorney's Office for the District of Columbia and the Department of Justice are conducting an investigation into the bank holding company. Forbes.com  November 9/2004

How Northern donors promote corruption: tales from the new Mozambique  by Joseph Hanlon
In recent years, Northern aid donors have become more and more vocal about the need for Southern countries to clean themselves up. Yet they have refused to change their own policies that encourage corruption. Corner House Briefing Paper 33  November 1/2004

Roundtable discussion on multilateral development bank corruption  by Patricia Adams, Executive Director, Probe International
"Unless the cost of corrupt acts becomes greater than the benefit, bribery will continue to pay and firms will have an incentive to develop evermore elaborate ways to hide their crimes." Submission to the U.S. Senate Committee on Foreign Relations  October 29/2004

Study says big oil adding to corruption
Most oil-rich countries are burdened by corruption and oil companies contribute to the problem by not publishing information on payments made to governments and state-owned oil companies, according to Transparency International. The Oil Daily  October 21/2004

Survey says corruption rampant across globe  by Michelle Hoffman
Watchdog warns that graft is crippling the battle against poverty. Business Report (South Africa)  October 21/2004

Corruption running rampant in new state institutions  by Kathleen Ridolfo
Corruption is reportedly running rampant in the new Iraqi government, according to Judge Radi al-Radi, who heads the Commission on Public Integrity established by the Coalition Provisional Authority to monitor corruption. Radio Free Europe/Radio Liberty Iraq Report Vol. 7, No. 38  October 15/2004

World Bank finds corruption is costing billions in lost development power
While the U.S. Senate Foreign Relations Committee has been inquiring into combating corruption in the multilateral development banks, the World Bank has been attempting to compute the scale and cost of widespread corruption in the developing countries. The Chartered Institute of Building (CIOB)  September 29/2004

Havens that have become a tax on the world's poor  by Duncan Campbell
A new group aims to expose how billions of pounds which should be funding development is being hidden offshore. The Guardian (U.K.)  September 21/2004

Help me, wonga  by Rod Liddle
What do we do with those Western institutions that act with manifest amorality and sustain people like Teodoro Obiang Nguema in power and for whom the investigative instruments of the state seem insufficiently powerful to impose meaningful regulation? The Spectator (UK)  September 3/2004

Riggs investigators find possible crimes  by Washington Post
Riggs Banks investigators have discovered evidence of possible criminal activities by some former employees who managed accounts of ex-Chilean dictator Augusto Pinochet. Bloomberg.com  September 3/2004

Terrorist Stocks?   by Matthew Swibel
The biggest public pension funds in the U.S., having wrestled with everything from apartheid to tobacco to corporate governance, have a new issue to worry over. Forbes.com  August 25/2004

Mega told to swear in anticorruption judges
The Supreme Court has asked President Megawati Soekarnoputri to swear in Anticorruption Court judges to speed up the trial of corruption cases. The Jakarta Post  August 21/2004

Cambodia hopes to woo investors
The government indicates they will cut bureaucracy and strengthen the rule of law. Dramatic falls in foreign direct investment, criticisms from the World Bank over corruption and a fall in the forecast growth rate prompted the move. BBC  August 20/2004

Editorial: Ending corruption helps end poverty
A squeaky-clean reputation for business and government is usually an excellent guide to a country's prosperity and economic openness. The Apec Business Advisory Council has put the fight against corruption at the top of its list of key issues. National Business Review  August 20/2004

World Bank reviews policy on oil  by Kennedy Senelwa
The World Bank has adopted new financing regulations aimed at preventing corrupt leaders from shoring up their regimes using oil and gas revenue, it announced this week. The East African Standard (Nairobi)  August 20/2004

Book paints sad picture of corruption
A new book on the extent of corruption in Kenya says it has permeated all sectors of the society, including the public service, the councils, the private sector, non-governmental and religious organisations and trade unions. The Nation (Nairobi)  August 19/2004

World Bank Approves Reform of Extractive Industries in Nigeria, Others  by Franklin Alli
The Board of the World Bank Group has called for reforms of the Extractive Industries (mining, oil and gas) in Nigeria and other developing countries. The World Bank has endorsed the Extractive Industries Transparency Initiative. Vanguard (Lagos)  August 16/2004

The Senate and corruption
After two years, 130 countries including the Philippines completed the negotiation for a landmark United Nations Convention Against Corruption. The Manila Times  August 15/2004

Corruption Choking Growth - World Bank  by Sonny Inbaraj
Corruption, coupled with non-transparent regulations, red tape and the lack of infrastructure, is choking economic growth in Cambodia according to a damning World Bank report released Thursday. ipsnews.net  August 12/2004

Look beyond bias to explain investment dearth  by Tim Wakeford, Growth Africa Md Johannesburg
Who benefits from weak and corrupt governments? Companies that require cheap production and every opportunity to circumvent statutory obligations. Business Day  August 12/2004

Report calls for independent anti-corruption authority  by Anushika Amarasinghe and Jeff Lovitt
To curb corruption, public administration reform must include the strengthening of parliamentary oversight and accounting bodies like the Auditor-General's office, and new laws. Transparency International Press Release  August 12/2004

World Bank slams Cambodian investments
Rampant corruption has paralyzed private businesses and is hampering economic growth in Cambodia, the World Bank said Thursday in a damning report about the country's bribe-ridden investment climate. Forbes  August 11/2004

U.S. Senate corruption inquiry demands tougher measures to stop misuse of development funds
The American Treasury Department is being prodded into more effective action over fraud and corruption in the use of money voted for foreign assistance programs and funding institutions such as the World Bank. Chartered Institute of Building  August 2/2004

Cost of corruption is $1 trillion: WB
Contrary to common perception, corruption is rampant not only in developing but also in developed countries, with more than one trillion dollars being paid in bribes each year across the globe, according to the World Bank. Sify.com  August 1/2004

Justice Dept. to probe former examiner at Riggs  by Kathleen Day
The Office of the Comptroller of the Currency has asked the Justice Department to review whether a former federal bank examiner of Riggs Bank broke ethics laws after he left government and went to work at the bank. Washington Post  July 29/2004

Grease trade  by Peter Eigen
Governments around the world, north and south, are on the brink of making a fatal mistake that will cost countless lives: Namely, the failure to make the fight against corruption a key pillar of the Doha trade talks. The Wall Street Journal Europe  July 28/2004

Enforcing the law on overseas corruption offences: towards a model for excellence  by Dr Susan Hawley
A discussion paper that looks at why enforcement of overseas corruption offences involving British companies and individuals under the UK's anti-corruption legislation is crucial to the international fight against corruption. First presented at a seminar in the UK's Parliament  July 24/2004

Banks need to come clean about money laundering  by Marcela Sanchez
When it comes to money laundering, it's better to do it big time. Seattle Post-Intelligencer  July 23/2004

The Fall of Riggs
It's sad when a local institution disappears, and the case of Riggs Bank is especially so. Washington Post  July 21/2004

At Riggs Bank, a tangled path led to scandal  by Timothy L. O'Brien
Riggs Bank, which for years billed itself as "the most important bank in the most important city in the world," now finds itself the most scrutinized bank in the most unforgiving city in the world. New York Times  July 19/2004

Bush vows probe of Riggs money-laundering allegations  by William McQuillen
President George W. Bush said allegations of money-laundering at Riggs National Corp. are being investigated after a U.S. Senate report found the bank helped former Chilean dictator Augusto Pinochet hide millions of dollars from prosecutors. Bloomberg.com  July 19/2004

'Project'ing corruption in multilateral banks  by Pratap Ravindran
When ministers in India declare themselves stoutly in favour of economic reform, the sub-text is their enthusiasm for hefty loans from multilateral development banks – conditionalities and all – which come in handy in greasing their political machines. The Hindu Business Line  June 22/2004

Publish What You Pay NGO coalition statement – G8 Summit, Sea Island
Serious concerns remain about the effectiveness of the G8 member states' voluntary approach to transparency, and the lack of proper and meaningful follow-up efforts to fulfil commitments made in Evian. Publish What You Pay  June 16/2004

Tear down this U.N. stonewall  by William Safire
The secretary general of the U.N. tapped me on the shoulder at a recent luncheon and said, "May I have a word with you?" The New York Times  June 14/2004

Statement by Patricia Adams to the US Senate Committee on Foreign Relations  by Patricia Adams, Executive Director, Probe International
"I appreciate the opportunity to submit this written statement to the Senate Committee on Foreign Relations regarding its investigation of corruption in multilateral development bank (MDB) projects." May 25/2004

Poorest pay for World Bank corruption: US senator  by Emad Mekay 
The World Bank has lost about 100 billion dollars slated for development in the world's poorest nations to corruption since 1946, nearly 20 percent of its total lending portfolio, according to a U.S. Senate committee. Inter Press Service    May 19/2004

World Bank chief denies corruption claims
World Bank president James Wolfensohn has dismissed United States allegations that billions of dollars of bank funding was misused as "frivolous." ABC News  May 19/2004

Lugar: Corruption cost World Bank $130B  by Harry Dunphy
As much as $130 billion may have been lost due to corruption in World Bank loans, the chairman of the Senate Foreign Relations Committee said Thursday. Los Angeles Times  May 13/2004

World Bank corruption may exceed $100 billion   by Carol Giacomo
World Bank corruption may exceed $100 billion and while the institution has moved to combat the problem, more must be done, the chairman of the Senate Foreign Relations Committee said Thursday. Reuters  May 13/2004

US court drops many charges against Ukrainian ex-premier  by Roman Kupchinsky
The trial of former Ukrainian Prime Minister Pavlo Lazarenko is the second case in history of a former foreign leader being put on trial in the United States. Radio Free Europe/Radio Liberty Vol. 4, No. 12  May 12/2004

Spotlight falls on corruption in Sierra Leone  by Rod MacJohnson/South African Press Association – Agence France-Presse
A government survey in Sierra Leone has revealed that the West African country's public sector is still riddled with corruption, despite warnings from international donors that they would slash much-needed aid if the scourge was not tackled. Independent Online  May 6/2004

Bulgaria urges probe about alleged corruption in choosing contractor to build nuclear plant
The Ministry of Energy urged Thursday a probe about allegations of corruption a Canadian company has made in Bulgaria's selection of a contractor to build its second nuclear power plant. Bulgarian News Network  April 29/2004

Even democracies need 'sunshine' against corruption  by Emad Mekay
The report authors conclude that corruption cannot thrive in a milieu where the public is in the know about the nature of abuses of power. Inter Press Service News Agency  April 29/2004

Fighting corruption  by Susan Rose-Ackerman
Corruption enriches the venal, but hurts everyone else. Can it be curbed? The Economist  April 29/2004

Senate panel probing World Bank   by Reuters
The Senate Foreign Relations Committee has started to investigate allegations of corruption in projects funded by the World Bank and its affiliates. CNNMoney  April 27/2004

Latin Americans losing faith in democracy  by Steven Edwards 
UN polls shows more than half would choose a return to dictatorship if it meant an end to poverty. National Post  April 22/2004

Berlusconi corruption trial stalls after resumption
The corruption trial against Silvio Berlusconi, the Italian Prime Minister, resumed today, four months after a controversial law granting him immunity from prosecution was annulled by the country's highest court. Times Onlines  April 16/2004

Cost of corruption worldwide stands at USD 1000 bn a year: WB Study
Cost due to corruption in both rich and developing countries is estimated at a whopping 1000 billion dollars a year, a World Bank Institute study has said. IndiaExpress Bureau   April 15/2004

Corruption's threat to democracy  by Barbara Crossette
Last fall the United Nations General Assembly produced a new treaty that many would say was long overdue – the U.N. Convention Against Corruption. A few dozen countries have already signed on. But now what? U.N. Wire  April 12/2004

Corruption slopes down in CEE countries
The magnitude and negative impact that corruption exerts on business is on the decline, according to an encouraging report of the World Bank. Sofia News  April 7/2004

Harder graft: Corruption in Latin America
The "war on terror" has spawned a battle against corruption in Latin America. The Economist  April 7/2004

Corruption and weak judiciary are key obstacles to democracy: survey  by Freedom House
A Freedom House study released today finds that pervasive corruption and weak judicial systems are major impediments to the development of democracy in transitional societies. April 6/2004

New ECGD procedures on bribery and corruption
Strengthened procedures to minimise the risk of bribery and corruption on business deals supported by the Export Credits Guarantee Department (ECGD) will come into force on 1 May 2004. Business Credit Management (UK)  April 1/2004

Former premier protected money from president, says banker  by Roman Kupchinsky
Former Ukrainian Prime Minister Pavlo Lazarenko is charged with using U.S. banks to launder at least $114 million stolen from Ukraine, but he insists the proceeds were earned legally. Radio Free Europe/Radio Liberty Volume 4, Number 9  March 25/2004

Malaysians want a 'clean' Cabinet
Pressure is growing on newly-elected Prime Minister Abdullah Ahmad Badawi to appoint people to his Cabinet who are corruption-free. Today Online  March 25/2004

End of an era for Antigua dynasty
New prime minister promises to end the corruption endemic in the eastern Caribbean nation. BBC News  March 24/2004

Firms 'aid poor-country fraud'
International oil and mining companies are abetting the vast misappropriation of public funds in the developing world, a report has said. BBC News  March 24/2004

Fraser-Moleketi calls for global cooperation against corruption  by Thabo Mokgola
South Africa: Public Service and Administration minister Geraldine Fraser-Moleketi has appealed to the international community to join hands in fighting the cancer of corruption worldwide. BuaNews (Pretoria)  March 18/2004

New anticorruption campaign launched: Ukraine  by Roman Kupchinsky
Speaking at a national anticorruption conference, President Leonid Kuchma called for an effective policy to end "the virus of corruption" and pledged to implement a "tough and truly effective policy against corruption." Radio Free Europe/Radio Liberty, Volume 4, Number 8  March 12/2004

Political corruption in Mexico – the rest of the story  by Barnard R. Thompson
Out of a plethora of corruption scandals what may hopefully be evolving is a more open and representative society, with transparency in governance and public servants who are actually governed by rules of law and held responsible for their actions. Mexidata.info  March 8/2004

2004 Asia corruption ratings
According to an enquiry conducted by Political & Economic Risk Consultancy Ltd, a well-known Hong Kong consulting group, Indonesia, India and Vietnam are considered the three most corrupt countries in Asia. AsiaNews  March 4/2004

Official corruption scenes roil Mexico  by Mary Jordan
"The fundamental problem of our country – corruption – hasn't been solved. . . . As long as there is corruption, we can't get ahead." – Mexico City Mayor Andres Manuel Lopez Obrador. Washington Post  March 4/2004

Government memo says Aborigines once treated like Nazi slave labour  by Agence France Presse
Thousands of Aboriginal workers whose wages were paid into official trust funds and never returned have been compared to Nazi slave labourers in a secret government document. Channelnewsasia.com  March 1/2004

Tough line on graft in Georgia  by Daan van der Schriek
"The presumption that one is not guilty until the court decides so is violated in many cases. If methods of the new government are the same as the old one's, then what was the meaning of the revolution?" The Christian Science Monitor  March 1/2004

Kalam calls for corruption-free society  by J. Venkatesan
The President of India, A.P.J. Abdul Kalam, called for a corruption-free public life for achieving the dream of making India a developed nation by 2020. The Hindu  January 27/2004

Bureaucrats to tackle their own corruption
Vladimir Putin has appointed Mikhail Kasyanov to head the Kremlin’s new Anti-Corruption Council. Remarkably, Kasyanov also holds the post of the chairman of the Russian government. www.gazeta.ru  January 15/2004

China's anti-corruption plan doomed by one-party system
Beijing's graft-busting efforts barely scratch the surface. Radio Free Asia  January 15/2004

The economics of corruption  by TCA Srinivasa-Raghavan
Corruption is not new in India. It was, in fact, a part of the wages of the agents of the state in Mughal times (and before as well). It used to be called mamool or customary payment. It was not, as it has become now, speed money. Business Standard  September 19/2003

The taint of the greased palm (Part I)  by Tina Rosenberg
In Mexico, just as sure as a new leader's pledge to clean up the corruption of his predecessor is the certainty that his successor will, in a few years, be doing the same. New York Times  August 10/2003

The taint of the greased palm (Part II)  by Tina Rosenberg
Officials rarely solicit bribes. Instead, they work so slowly, sloppily and arbitrarily that people see no hope of getting the services they are entitled to without offering a tip "pa' el refresco," literally, "for a soda." New York Times  August 10/2003

Analysis: A blind eye  by Rob Evans and David Hencke 
Whitehall's export credits guarantee department helps British companies win contracts overseas - but does it also underwrite corruption? The Guardian, UK  June 10/2003

Kilgour to lead Canadian Delegation to International Conference on Corruption  by Media Relations Office Department of Foreign Affairs and International Trade
Secretary of State (Asia-Pacific) David Kilgour today announced that he will lead the Canadian delegation to the upcoming Third Global Forum on Fighting Corruption and Safeguarding Integrity taking place in Seoul, South Korea, from May 29 to 31. May 27/2003

Make bribe payers responsible for their role in corruption  by Editorial
Canadian Acres International became the first international company ever to be convicted of bribery in a foreign country. The sooner similar processes happen in Slovakia the better. The Slovak Spectator  April 21/2003

Draft UN Convention against Corruption
Proposal for concerted lobbying actions by interested National Chapters and TI-S to ensure an effective and comprehensive international legal instrument against corruption December 23/2002

Congress approves anti-corruption bill  by Mario B. Casayuran 
Phillipines legislature approved yesterday a bicameral report on a landmark anticorruption measure which rewrote the rules for major contracts and hopes to put in place transparency and integrity in government transactions. Manila Bulletin   December 19/2002

Peru hopes to enhance anti-corruption cooperation with
Peruvian Prime Minister Luis Solari on Tuesday expressed the hope that the two countries could enhance exchanges and cooperation in the fight against corruption, drug trafficking and other crimes. Xinhua  December 18/2002

Audit finds graft in 47 projects
The Office of the Auditor-General has asked graft fighters to investigate 47 corruption-plagued government and state enterprise projects which had cost the country about 60 billion baht in damage. Bangkok Post   December 13/2002

Chirac granted immunity in corruption cases
President Jacques Chirac gains legal protection from a series of corruption scandals The Independent   December 13/2002

Ethical guidelines proposed for multinationals
An anti-corruption group, TRACE (Transparent Agents and Contracting Entities) has unveiled a set of guidelines that it says will help reduce corrupt practices by transnational corporations and their agents in the developing world. Inter Press Service  December 13/2002

Ex-Nicaragua chief under house arrest  by Filadelfo Aleman
Police placed former President Arnoldo Aleman under house arrest at his home in the Nicaraguan capital after lawmakers voted to strip him of his immunity from corruption charges. Newsday  December 13/2002

Letter from Africa: Corruption in Congo  by Murray Oliver,
The Congolese city of Kisangani is a lawless and desperate place. Civil and international conflict has left it with no effective government. Scoundrels now prowl along the streets, seeking illicit diamonds pilfered from nearby mines. CTV News Africa Bureau  December 12/2002

The long march against graft  by Minxin Pei 
Of all the challenges facing China's new and largely untested leadership, none is more critical to the survival of the Communist party than containing rampant official corruption. Financial Times  December 10/2002

Cleaning up has been far from easy  by  Chris Baker 
When the Thai economy collapsed in 1997, many business leaders and their urban middle class employees believed that politicians had failed them.  Financial Times 06 Dec 2002  December 6/2002

China in quandry to fight corruption
To understand corruption in modern China and the public's rising fury, consider the charmed career of Jia Qinglin. Associated Press  November 13/2002

Chinese congress delegates say party must fight corruption
Delegates attending the ongoing 16th National Congress of the Chinese Communist Party (CCP)said the party must improve its work style and fight against corruption so as to govern the country well. Xinhua news agency  November 12/2002

Chinese official reports Three Gorges project free of corruption since launch
Special anti-corruption measures have ensured the massive Three Gorges dam project has been free of graft and embezzlement since its launch in 1993, according to a senior project manager. BBC Monitoring Service (Xinhua news agency)  November 5/2002

Giant Congo hydroelectric project is a 'betrayal'  by Fred Pearce
Another scheme in a series of mega-projects transforming the continent was discussed by African leaders at the United Nations in New York last week. But big projects have a habit of going sour in Africa, often getting mired in corruption. New Scientist  September 30/2002

Norwegian firm pulls out of Bujagali dam
. International Water Power and Dam Construction  September 11/2002

US Justice Department and police in Norway investigate fraud allegations related to Bujagali project
Norwegian construction concern Veidekke, which is heading the consortium contracted to build the Bujagali hydropower plant in Uganda, revealed that a controversial payment to former Energy Minister of Uganda had been made. Development Today No.1  September 6/2002

Officials warned to be conscious of corruption  by Phonekeo Vorakhoun
Corruption arising in Lao society has been called a major obstacle for development and likened to termites eating away at the nation. VTE Times  August 31/2002

Mohammed Abacha to remain in jail  by Henry Ugbolue
Hopes of an early release for Mohammed Abacha, who was set free last week by the Supreme Court were dashed this morning when an Abuja High Court failed to sit and entertain his application for bail. P.M. News (Lagos)     August 29/2002

Forensic expert reveals  by Othello B. Garblah
It has now been established that the bulk of corrupt practices in the country takes place mainly at the procurement and tendering boards level. Ghanaian Chronicle (Accra)  August 28/2002

Ecuador court orders ex-finance minister jailed
Ecuador's highest court on Saturday issued a jail order for former Finance Minister Carlos Julio Emanuel, who is accused of mismanaging state funds in a corruption scandal that has rocked this Andean nation. Reuters  August 24/2002

India cracks down on Tehelka months after bribery expose  by Scott Neuman
A news team that nearly brought down India's government last year with an explosive expose of corruption in politics is now itself on the verge of collapse. Wall Street Journal  August 23/2002

'Blacklisting public officials not viable'  by Linda Ensor
The Public Service Commission had decided against adopting a blacklisting approach to corruption in the public service because of the danger of litigation. Business Day (Johannesburg)  August 22/2002

Anti-Corruption Bureau: Muluzi's democratic credentials
The Anti-Corruption Bureau (ACB) says amendment of the corrupt practices act by the Law Commission will help the Bureau in the smooth running of its operations. Insider Publications  August 21/2002

Bill can bolster arsenal in fight to curb corruption  by Hennie Van Vuuren
With the Prevention of Corruption Bill, a powerful instrument could be added to our democracy's anticorruption arsenal. Business Day (Johannesburg)  August 21/2002

Museveni quizzes Kaijuka over dam
President Yoweri Museveni has questioned Richard Kaijuka about the suspected $10,000 deposited on his account allegedly as a bribe when he was energy minister. New Vision (Kampala)  August 21/2002

419 scams hit the Web  by Phillip De Wet
This week a group of alleged fraudsters will appear in court on charges of running a scam backed by extensive online resources. ITWeb (Johannesburg)  August 20/2002

Considering crime and corruption  by Wyndham Hartley
The tough new provisions to combat corruption contained in the Prevention of Corruption Bill could be broadened still further to include purely private sector practices as criminal activity. Business Day (Johannesburg)  August 20/2002

Government vows to sack, prosecute corrupt boards  by Chuks Akunna
The Federal Government has warned chairmen of its boards of parastatals to shun corrupt activities. This Day (Lagos)  August 20/2002

Obasanjo challenges NIM members over corruption  by Charles Ozoemena
President Olusegun Obasanjo has challenged members of the Nigerian Institute of Management (NIM) to assist the federal government in curbing corruption. Vanguard (Lagos)  August 17/2002

Punish corrupt  by Sylvester Onyang
Transparency International senior advisor Augustine Ruzindana has urged government to institute sustainable ways of punishing corrupt officials. The Monitor (Kampala)  August 15/2002

Corruption: presidency, NASS, INEC, ministries for probe  by Suleiman Mohammed And Ismaila Lere
President Obasanjo yesterday ordered special anti-corruption audits of key government departments and institutions. Daily Trust (Abuja)  August 14/2002

Corruption: Cleric calls for prayers  by Justice Ilevbare
Pastor Mike Ohiorenoya, Church Of God Mission International Incorporated, Oshodi Province, has called on Nigerians to intensify prayers against corruption in the country. This Day (Lagos)  August 13/2002

Court orders government to grab Chiluba's institute   by Liseli Kayumba And Amos Malupenga
The Lusaka High Court yesterday ruled that Chiluba's Institute for Democratic and Industrial Relations Studies should be repossessed by the government. The Post (Lusaka)  August 13/2002

Experts blame poverty on corruption, poor investment  by Ikenna Emewu
Nigerian economists have identified corruption and lack of investment-driven poverty reduction strategy as major causes of poverty that is bedevilling African countries. This Day (Lagos)  August 13/2002

Imo government warns corrupt judicial officers  by Chidi Nkwopara
Imo State government has advised corrupt judicial officers, as well as those the administration called "politicians who masquerade as judicial officers," to honourably resign or be prepared to face the consequences. Vanguard (Lagos)  August 13/2002

Reject corrupt politicians, youth told  by Juliana Taiwo
The Nigerian youth have been told to reject at all cost any politician that would be compromised by corruption, dishonesty and sectionalism. This Day (Lagos)  August 13/2002

'Enron scandal hyped out of proportion'  by Sanchia Temkin
The Enron scandal has been hyped out of proportion, says Ernst & Young CE Philip Hourquebie. Business Day (Johannesburg)  August 12/2002

Muhammed Abacha's freedom on hold  by Henry Ugbolue
A deal between the Federal Government and the Abacha family goes sour and frustrates Muhammed Abacha's fight for freedom. TheNEWS (Nigeria)   August 12/2002

R220-M corruption trial delayed  by Zenzele Kuhlase
The R220 million corruption trial against Mpumalanga's former finance head, Leon Botha, was delayed on Monday as his defence team was not ready. African Eye News Service (Nelspruit)  August 12/2002

Swazi king's jet purchase condemned
An exiled Swaziland political organisation has condemned the purchase of a R450-million private jet by King Mswati III, labelling the transaction as theft of public funds and calling on international donors to cut any funds directed to the monarch. South African Press Association (Johannesburg)  August 12/2002

We are not surprised by Chiluba's corruption - IMF   by Joe Kaunda
We are not surprised at the reported high levels of corruption under Chiluba regime, International Monetary Fund (IMF) resident representative Mark Ellyne has said. The Post (Lusaka)     August 10/2002

Nicaragua president demands corruption trial for predecessor  by David Gonzalez
President Enrique Bolaños accused his predecessor, Arnoldo Alemán, tonight of having stolen nearly $95 million. New York Times  August 9/2002

No second term for corrupt governors, Says Akanbi  by Lillian Okenwa
Although Akanbi fell short of naming the governors being investigated, he pointed out that giving by the provisions of the 1999 Constitution the governors cannot be prosecuted but that allegations against them could be investigated. This Day (Lagos)  August 9/2002

Removal of Chiluba's immunity has sent a clear message, says Kavindele  by Webster Malido
"The removal of the legal immunity to former president Chiluba is what the rule of law entails," Vice-President Kavindele said. "Laws rule this country and not men. It is on this ground that the future of this country should be built." The Post (Lusaka)  August 9/2002

Zambian anti-corruption effort pits president vs. predecessor  by Henri E. Cauvin
Levy Mwanawasa, Zambia's new president, has big plans for his time in office, and no one is finding that harder to swallow than the man who put him there, his predecessor, Frederick Chiluba. New York Times   August 9/2002

Jakarta wants judges fired over Manulife
Indonesia's Justice Ministry said it has recommended the firing of three judges who declared bankrupt the local subsidiary of Canadian insurer Manulife Financial Corp. after the firm alleged that bribery influenced their decision. Reuters   August 8/2002

African governments urged to stop corruption
The Nigerian deputy senate president, Senator Ibrahim Mantu, has decried corruption amongst government officials in Africa. New Vision (Kampala)   August 7/2002

Ex-chief justice appears before corruption probe team   by Amos Malupenga 
Former chief justice Matthew Ngulube yesterday appeared before the task force probing corruption under the Chiluba regime. The Post (Lusaka)   August 7/2002

Former justice pleads guilty to bribe charge  by William Glaberson
Victor I. Barron, a former State Supreme Court justice in Brooklyn charged with receiving a bribe, pleaded guilty yesterday under an agreement that will send him to prison for at least three years. New York Times  August 6/2002

US warning on corruption
Mozambique should step up the reform of the public sector, and improve the management of foreign aid, in order gradually to reduce the level of corruption, advised Juan Marcelino. Agencia de Informacao de Mocambique   August 6/2002

419 goes hi-tech  by Bamidele Adebayo and Henry Ugbolue
Nigerian Fraudsters adopt new strategies to fleece their victims even as the world clamps down on the country. The News (Lagos)  August 5/2002

Enron criminal probe focuses on alleged corruption abroad  by John R. Wilke   
Federal prosecutors are investigating whether Enron Corp. for years bribed foreign government officials to win contracts for its far-flung operations abroad. Wall Street Journal  August 5/2002

Why foreign investment eludes Nigeria - Jeter   by Blessing Ugwuodo 
Efforts of Nigerian Government to attract foreign investment into the country would come to naught unless urgent steps are taken to tackle corruption, United States Ambassador to Nigeria, Mr. Howard Jeter has said. This Day (Lagos)   August 2/2002

Abacha loot: Government stalls hearing again   by Julcit Sanda
The hearing in the case was adjourned yesterday for the third time due to the inability of the attorney general's office to produce copies of the letters written by the Federal Government to the International Police(INTERPOLs). This Day (Lagos)     August 1/2002

Commission asks to retract corruption charges, press new ones
The proceedings of the corruption case against 12 individuals including former Defence Minister Seye Abraha, his brothers and a sister, former Prime Minister Tamirat Layne, yet again took a sudden twist. The Daily Monitor (Addis Ababa)  August 1/2002

Mohammed Abacha sues Federal Govt   by Lemmy Ughegbe
In a motion on notice filed at the Abuja High Court by his counsel, Mr.Yunus Usman (SAN), Mohammed is seeking the leave of the court to enforce his fundamental human right. Vanguard (Lagos)  July 30/2002

Anti-corruption campaign and abuse of judicial process
Determined to set an example in his anti-corruption crusade, President Obasanjo instructed that Julius Makanjuola and four other senior officials, who allegedly embezzled over 400 million naira, be apprehended and charged in court. Daily Trust (Abuja)  July 29/2002

Government ties Mohammed Abacha's freedom to $402m deal   by Lemmy Ughegbe
The Federal Government is not disposed to releasing, on bail, the detained son of the late Gen. Sani Abacha, Mohammed, until he pays $402 million into its coffers. Vanguard (Lagos)     July 26/2002

Mohammed Abacha granted bail   by Julcit Sanda
An Abuja High Court yesterday granted bail to son of late Head of State, Gen. Sani Abacha, in the case of theft and receiving stolen property. This Day (Lagos)     July 25/2002

Chiluba offered a deal
Parliament lifted Mr. Chiluba's immunity from prosecution last week after Mr. Mwanawasa stunned legislators by accusing his predecessor of corruption and abuse of office. New York Times  July 23/2002

419: CBN goes tough on banks as IMF blacklists Abuja   by Emma Ujah
The Central Bank (CBN) has read the riot act to banks on the transfer of ill-gotten money from abroad, and warned that they (banks) would be made to pay any money transferred through them by advance fee fraudster, better known as 419. Vanguard (Lagos)     July 18/2002

Chiluba under 24-hour guard
Frederick Chiluba is under 24-hour surveillance to keep him "indoors" and stop him being being harmed by an angry public, according to the government. BBC News     July 18/2002

Corruption: Good lessons from Zambia   by Ogen Kevin Aliro
On Tuesday parliament lifted the immunity enjoyed by former president Frederick Chiluba, who now faces possible prosecution for corruption. The Monitor (Kampala)     July 18/2002

Court blocks Chiluba prosecution
The Zambian High Court has granted former President Frederick Chiluba an interim order blocking his prosecution on corruption charges. BBC News     July 18/2002

Financial crimes: CBN threatens to sanction banks   by Ahmed I. Shekarau and Maryam G. Hassan
Against the backdrop of money laundering, forgeries, advance fee fraud and other financial crimes, the Central Bank of Nigeria has threatened to sanction any Nigerian bank that is used to transact such fraudulent transactions. Daily Trust (Abuja)  July 17/2002

UNHCR outraged at corruption claims
The UN High Commissioner for Refugees(UNHCR) has described as "malicious" and "outrageous" allegations of corruption and mismanagement levelled against it. UN Integrated Regional Information Networks   July 17/2002

Abacha loot: Swiss bank censured   by Julcit Sanda
The Swiss Federal Banking Commission, yesterday reprimanded the country's largest bank, UBS, following the discovery of $60 million in an account linked to the family of the late Head of State, Gen. Sani Abacha earlier this year. This Day (Lagos)  July 16/2002

Kabbah's government indicted for corruption
Human Rights Watch says corruption within both the public and private sectors in Sierra Leone is endemic. Concord Times (Freetown)  July 16/2002

Tax payer seeks repossession of Chiluba's Institute for Democracy  by Liseli Kayumba
A tax-paying Zambian citizen is seeking the repossession of former president Frederick Chiluba's Institute for Democratic and Industrial Relations Studies on behalf and for the benefit of the people of Zambia. The Post (Lusaka)  July 16/2002

How the West corrupts the Third World  by Philip Ochieng
The transnational corporations which corrupt the Western leaders are the same ones which dominate Third World economies. The Nation (Nairobi)  July 14/2002

Corrupt practices continue in developing world - critics   by Emad Mekay
The multinational firms recently fingered for corrupt practices in the United States may be practising similar operations on a larger scale in developing countries, say long-time corporate watchdogs. International Press Service      July 11/2002

Arrest Chiluba or corruption
Corruption cannot be defeated without a depersonalised and principled revolutionary war waged in our lives, work situations and governance engagements. The Post (Lusaka)     July 9/2002

CBU demands Chiluba's arrest   by Brighton Phiri 
Copperbelt University (CBU) students yesterday staged a one day class boycott demanding former president Frederick Chiluba's arrest. The Post (Lusaka)     July 9/2002

Court orders Chiluba to attend 'thief' trial   by Amos Malupenga
Lusaka principal resident magistrate yesterday ordered Chiluba to attend court on Friday at 10:00 hours. The Post (Lusaka)     July 9/2002

TI launches first guide to confronting corruption adapted to context of francophone Africa
TI launches first guide to confronting corruption adapted to context of Francophone Africa of the leading anti-corruption reference work, the TI Source Book, to the socio-political and legislative environment of the region. Transparency International (Washington, DC)  July 9/2002

The end of swag?   by Rich Thomas and Stefan Theil
Until recently, Europeans could pay off foreign officials and write it off as a tax deduction. Now they're joining a rich-nation front with high hopes of rolling back the global culture of corruption. Newsweek  July 1/2002

Transparent Corruption  by George Soros
All over the world, countries that should be rich remain poor. Though blessed with valuable minerals such as oil, diamonds and gold, the ordinary people are mired in poverty while corrupt officials prosper. Financial Times  June 13/2002

Lesotho takes on corruption analysis   by Lala Camerer
The thing about corruption that really sticks in one's throat is the arrogant self-righteousness of those, convicted of corrupt activity, who unashamedly deny they have engaged in criminal conduct. Mail & Guardian (Johannesburg)      June 6/2002

Letters to the editor: Weak approach to combating corruption
Punishing these companies' agents instead of the companies themselves is a scandalously weak approach to combating corruption on its projects. Financial Times     May 24/2002

The consequences of corruption  by Ms Lala Camerer
Memorandum of expert: Lesotho Highlands Water Project, Corruption Case, Expert Testimony. February 1/2002

Switzerland has discovered thawing assets is tougher than freezing  by Roger Thurow
Freezing assets here is easy. All it takes is a banker's suspicion of a client's ill-gotten gain and a quick call to the federal money-laundering office, and it's done. Thawing out assets, though, can be an entirely different story. Wall Street Journal  November 14/2001

Defeat of Moi's anti-corruption bill threatens lending to Kenya   by Chris Tomlinson
Kenya's opposition defeated an anticorruption bill yesterday that had been demanded by international donors, saying it was full of loopholes and did not go far enough. Globe and Mail     August 15/2001

Hypocrisy surrounds bribery issue   by Richard Gwyn
Westerners and Third World leaders profit from corruption and bribery at the expense of citizens of the world's poorest countries. Toronto Star     July 18/2001

World Bank to black-list corrupt companies   by Bonile Ngqiyaza
A World Bank spokesman in South Africa said the bank would black- list companies that were found guilty of corruption in the LHWP corruption trial. Business Day     June 28/2001

Lesotho tries to end corruption culture   by Chris McGreal
Multinational companies are about to go on trial in Lesotho accused of paying huge bribes to a local official, a case virtually unprecedented in Africa. Guardian (U.K.)     June 19/2001

Ban demanded on overseas bribes   by David Pallister
Guardian  April 4/2001

“Strongest correlation” between corruption and poor environmental performance, study shows
The more affected it is by corruption, the poorer a country’s environmental performance, a new study to be presented in Davos shows. Transparency International Press Release     January 26/2001

Corruption in the third world is our problem   by Jonathan Steele
Britain is slow to punish businessmen who offer bribes abroad. Guardian (U.K.)  December 13/2000

OECD agrees to clamp down on bribery in export credit transactions
OECD member states announced in Paris today that they have agreed on an action programme to deter bribery in government-supported export credit transactions. Transparency International Press Release     December 6/2000

UK's role in promoting corruption, cronyism and graft   by by Nick Hildyard
The UK Select Committee on International Development is currently holding an inquiry into the causes of corruption and the role of governmental agencies, multilateral development banks and the private sector in promoting it. The Corner House      October 23/2000

How good it is to see genocidal and corrupt dictators brought to justice
The Indonesian attorney-general brought charges of corruption yesterday against former president Suharto. The Independant     August 4/2000

Suharto charged with corruption   by Marcus Gee
Disgraced, thrown from power, then made a prisoner in his own home, Indonesia's former president Suharto faced further humiliation yesterday when prosecutors charged him with stealing $210-million in state funds. Globe and Mail   August 4/2000

G8 summit host Japan urged to implement international Anti-Corruption Convention
Corruption will be high on the agenda of the summit due to start in Okinawa, Japan, on Friday. Transparency International     July 20/2000

West's blind eye opens to Third World corruption   by Victoria Brittain
An emerging war against corruption in several countries in southern Africa is changing the economic and political climate and challenging old ideas of sovereignty in unexpected ways. The Guardian (U.K.)     July 13/2000

Canada ratifies Inter-American Convention Against Corruption   by Canada's Foreign Affairs Minister Lloyd Axworthy
"Canada has been a constant supporter of international anti-corruption efforts, and the Inter-American Convention has been key to laying the foundation for future developments in this area." Announcement made at the Organization of American States (OAS) General Assembly    June 6/2000

Laos issues new anti-corruption decree
Laotian Prime Minister Sisavath Keobounphanh has issued a decree to combat corruption in the ruling Communist party, the civil service and military, diplomats said Thursday. Associated Press  June 6/2000

It takes two to tango when it comes to corruption
A landmark case against international corruption begins in the Maseru High Court this week, with a number of huge companies in the dock on charges of bribery. Sunday Times     April 30/2000

Corrupt companies should be suspended from WB contracts
Dam-building companies charged with corruption in a Lesotho court should be suspended from receiving World Bank contracts while they are under investigation, says International Rivers Network. International Rivers Network      November 29/1999

Corrupt governments receive no less foreign aid   by Andrew Balls
"Based on some measures of corruption - the more corrupt the government is, the more aid it actually receives." National Bureau of Economic Research Digest     November 1/1999

Funders ponder response to corruption   by Abid Aslam
The World Bank and other official financiers meet next month to discuss ways out of a corruption scandal reaching from the remote highlands of Lesotho to their own headquarters. Inter Press Service     October 21/1999

SA can set anti-corruption example   by Judge Willem Heath 
"There is no question that as we move into the global information age, foreign corrupt practices threaten to undermine both the growth and the stability of our global trade and financial system", said Al Gore. Business Day     August 26/1999

Foreign aid corruption case puts Canada on trial   by Patricia Adams
On the eve of the world's first foreign aid-related corruption court case -- one involving Canadian engineering giant Acres International -- the Canadian government agencies concerned mostly appear to be abdicating responsibility. National Post     August 20/1999

Corruption must be fought in north and south   by George Dor
Business Day's exposure of bribery on the Lesotho Highlands Water Project is a pointer to the degree to which the practice of corruption is increasingly becoming the norm in substantial sectors of big business. Business Day     August 17/1999

The debts of corruption   by Patricia Adams
A global movement is asking Western nations to forgive 'odious' debt extended to despotic regimes. The cause has merit, but opposition is building. National Post     May 10/1999

Swiss banks find only $3.4 million in Mobutu assets
Swiss banks have found $3.4 million in assets stashed away by ousted Zairian President Mobutu Sese Seko, far short of the billions the rebels who toppled him claim he has. CNN.com  June 3/1997

'Dictatorship, Democracies and the Debt Crisis' (Part I)  by Arvind K. Jain
Arvind K. Jain uses the concept of agency theory to analyse the effects of corruption of the decision makers on the level of foreign debt. The Politics of Global Debt (ed.) Stephen P. Riley, St. Martin's Press  June 1/1993

'Dictatorship, Democracies and the Debt Crisis' (Part II)   by Arvind K. Jain 
The analysis demonstrates that a debt crisis can be expected when borrowing decisions are made by corrupt agents whose behaviour cannot be controlled by their principals. The Politics of Global Debt (ed.) Stephen P. Riley, St. Martin's Press  June 1/1993

From Africa Through Monterrey To Vienna: Seeking An International Treaty On Corruption  by Reverend David Ugolor
A story of a north-south partnership against corruption. ANEEJ 



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