Message-ID: <Pine.OSF.3.96.970607074324.19468B-100000@beta.tricity.wsu.edu> Date: Sat, 7 Jun 1997 07:44:57 -0700 From: Tom Hodges <mailto:thodges@TRICITY.WSU.EDU> Subject: Re: Congo debt To: mailto:DEVEL-L@AMERICAN.EDU
Sounds eminently reasonable to me.Tom Hodges
On Sat, 7 Jun 1997, Clay Wescott wrote:
> Now that Mobutu is gone from Zaire and we have the new Congo, the
> questions we would like to pose are not just ones of how the new
> administartion will perform, and whether it will be better or worse than
> its predecessor - we must all hope, with the people of Zaire, that this
> is change for the better.
>
> The new administration now faces a collosal debt run up by Mobutu and
> his cronies over the years as they stole billions. So the question is:
> who owes the money borrowed?
>
> At first sight the answer is obvious: the new government and the people
> of the Congo. But is it?
> Transparency International believes that there is a powerful legal case
> to be made to the effect that the loans are tainted by illegality and
> therefore unenforceable as against the new regime and the people of the
> Congo.
>
> All ideas about how this concept might be progressed will be welcome.
>