New Events

International

no events posted in last week

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

Irish Left Review
Joined up thinking for the Irish Left

offsite link New Books Worth Reading Mon Sep 19, 2016 23:25 | Seán Sheehan

offsite link 13 Billion ? Lucky for some? Mon Sep 05, 2016 13:04 | Tony Phillips

offsite link Rebuilding Ireland: Long on Promise, Short on Detail Mon Aug 29, 2016 22:20 | Eoin O'Mahony

offsite link Brexit and Other Issues: Comments on the Current Situation Mon Aug 29, 2016 21:52 | Brendan Young

offsite link Bin Charges: From Private Circus to Public Service Tue Jun 21, 2016 12:38 | Michael Taft

Irish Left Review >>

Spirit of Contradiction

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

offsite link Fake News: The Epistemology of Media Wed Jun 07, 2017 11:52 | Gavin Mendel-Gleason

offsite link Officials and Provisionals Sat Apr 01, 2017 22:54 | James O'Brien

offsite link Interview with Cathal Goulding Mon Dec 26, 2016 17:11 | Cathal Goulding

offsite link Trump, Russia and the CIA Sat Dec 10, 2016 18:23 | Gavin Mendel-Gleason

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link No law for the powerful, strict enforcement for decent citizens

offsite link Garda corruption: the stripped down truth Anthony

offsite link Will Pat Hickey turn up for his trial? Anthony

offsite link Garda breath tests letter Anthony

offsite link Daniel McConnell: Happy to wear establishment blinkers Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link ?Make Trade, Not War? is China?s daring plan in the Middle East Fri Jan 19, 2018 23:10 | The Saker
by Pepe Escobar (cross-posted with the Asia Times by special agreement with the author) Under the Belt and Road Initiative, Beijing aims to connect western China to the eastern Mediterranean

offsite link Greece ? Convenient Victim or Complacent Masochist? Fri Jan 19, 2018 23:03 | The Saker
by Peter Koenig for the Saker blog Why this title? ? Because Greece doesn?t have to continue playing the card of the victim, nor being masochist. Greece seems to suffer

offsite link Moveable Feast Cafe 2018/01/19 ? Open Thread Fri Jan 19, 2018 23:00 | Herb Swanson
2018/01/19 23:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link Poland is leaving the EU (Ruslan Ostashko) Fri Jan 19, 2018 22:54 | The Saker
This is the latest video from the Russian political analyst Ruslan Ostashko, this time in a somewhat different format from the familiar “Five minutes of Common Sense”. Donald Tusk has

offsite link Syrian War Report ? January 19, 2018: Syrian Troops Almost Closed Eastern Idlib Pocket Fri Jan 19, 2018 18:05 | Scott
https://southfront.org/syrian-war-rep... On January 18, the Syrian Arab Army (SAA) and Iranian-backed militias liberated the village of Qaytal fom Hay?at Tahrir al-Sham (formerly Jabhat al-Nusra) in southern Aleppo and almost closed

The Saker >>

Mozambique Audit Reveals Corruption and Short Falls in Financial System

category international | elections / politics | news report author Wednesday July 05, 2017 22:22author by Abby Wilhelm - Jubilee USA Network Report this post to the editors

Trump and G20 Leaders Review New Guidelines to Prevent Debt Crisis on Friday

Ahead of President Trump's first G20 meeting in Germany this weekend, Mozambique released an audit exposing violations of the country's laws to secure now-defaulted loans.

Ahead of President Trump's first G20 meeting in Germany this weekend, Mozambique released an audit exposing violations of the country's laws to secure now-defaulted loans. Nearly $2 billion in loans were secured by the government of Mozambique but hidden from the public and Parliament. Last week, Business Insider reviewed CIA data and ranked Mozambique as one of the most indebted countries in the world. The United Nations Development Programme ‎lists Mozambique as one of the least developed countries in the world at 181 out of 188 countries.

“We know that the financial crisis in Mozambique was caused by corruption at the national and international level,” said Eric LeCompte, Executive Director of the religious development group Jubilee USA. “It seems a group of Mozambique's leaders and creditors conspired to steal from some of the world's poorest people.”

The financial scandal and debt crisis facing Mozambique will be discussed in Hamburg by G20 leaders in the context of new responsible lending and borrowing guidelines during their annual two day meeting. Finance Ministers for the Group of 20 supported these "Operational Guidelines for Sustainable Financing" at their March meeting in Baden-Baden, Germany.

“The G20 is calling on its member countries to pass stronger laws to stop corruption and enforce responsible lending and borrowing,” said LeCompte who serves on United Nation debt expert groups. “While the new G20 guidelines fall short on determining whether or not a country's debt is sustainable, the guidelines are progress in protecting vulnerable people from economic crisis."

Jubileeusa.org

© 2001-2018 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy