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15th of August 2013 Norway became first country in the world to conduct an audit of its claims on developing countries. - As the first country in the world, Norway has conducted an independent investigation of the developing countries claims to Norway in order to attend to our responsibilites as a lender to developing countries, says Minister of Development Heikki Holmås. Les mer om The Norwegian Debt Audit
On January 22nd 2013 The Norwegian Coalition for Debt Cancellation (SLUG) launched the report "Exportable". The Norwegian Deputy Minister of Development Arvinn Gadgil and Tunisian Member of Parliament Mabrouka Mbarek were both there to discuss how to make sure that the Norwegian debt audit becomes a model to follow for others. One concrete idea that came out of the seminar was the launch of a Club Of Auditors, led by Ecuador, Tunisia and Norway, which is open for anyone who commits to taking responsibility for past lending and/or borrowing practices. Les mer om Exportable - How To Make The Norwegian Debt Audit Transferable To Other Countries
In the report by SLUG, "Ethical Deficit", Leon Du Toit explains how requiring transparency from borrowers can make the Norwegian Government Pension Fund Global a more responsible lender. Today we have no guarantee that the Oil Fund is not investing in illegitimate debt. Du Toit examines various dimensions of transparency, and applies measures of these dimensions to China and South Africa. Les mer om Ethical Deficit - Lending by the Norwegian Sovereign Wealth Fund
Today the Norwegian Minister of Development Heikki Holmås announced that Norway will make an assessment of the legitimacy of developing countries’ debt to Norway. This means that the government will be the first ever to carry out a creditor’s debt audit. Les mer om Norway takes a bold step towards debt justice: First creditor ever to carry out a debt audit
This report is written by Ingrid Stolpestad at Norwegian Church Aid, and identifies Norway’s loans to Tunisia, Egypt and Bahrain. It also discusses the legitimacy of this debt. Norway has lent money to these countries through bilateral debt and through investments in government bonds. Les mer om The Arab Spring and International Debt
SLUG is an umbrella organisation with more than 50 affiliated civil society organisations and political youth parties, some more actively engaged than others. SLUG’s work consists of campaigning and political lobbying on the subject of debt cancellation. Read more about our work, our demands and our principles. Les mer om SLUG - The Norwegian Coalition for Debt Cancellation
In September 2010, SLUG handed over 3000 signatures demanding a moratorium on Pakistan's debt after the unprecedented floods. Norway brought this message to the Paris Club creditors, but unforunately the international community did not want to consider this option. Syed Abdul Khaliq from CADTM Pakistan shares his analysis of the campaign for debt cancellation in Pakistan 2010 and 2011. Les mer om Debt cancellation in Pakistan
In its political platform, the Norwegian government has committed to do an audit of all outstanding debts to Norway. A Norwegian debt audit will be the first creditor-initiated national audit of its kind. SLUGs most recent publication is a collection of texts about the Norwegian debt audit and how this can be made relevant internationally. Read more and download the report here.
Open seminar at Litteraturhuset (Amalie Skram) in Oslo Wednesday 6th of April from 10.00 to 13.00. Lunch is served to all those who register at firstname.lastname@example.org or on the SLUG website by April 3rd. Les mer om Responsible Finance - A seminar on responsible lending and borrowing
Large debt burdens were a reason why Malawi for many years had to cut back on public spending. The human rights and social security of the people suffered from this. SLUG has, in collaboration with the Malawi Economic Justice Network (MEJN), made a movie about debt and human rights in Malawi. Les mer om "Debt Justice" - SLUG's film about debt in Malawi
Some of SLUGs own material is published in English. Here you will find a list of these with a short introduction, and you can download the pdf files if you wish to do so. Les mer om Resources in English
This report deals with Indonesian environmental and development projects financed by Norwegian development funds and export credits under dictator Suharto's reign in the 90s. The report reveals ambitious plans, failed projects, Norwegian business interests and Indonesian illegitimate debt. It also underlines the importance of immediately launching a complete review of all outstanding loans to Norway. Les mer om Report: Is Indonesia’s debt to Norway illegitimate?
Many countries gained independence from colonial rule in the 1940s, ’50s and ’60s. Fresh with hope, newly elected leaders like Nehru in India and Nkrumah in Ghana came to power with bold visions. Many began working with their ministers to devise schemes to promote the growth of local industries. Unlike in the past, where national economic policies had been dictated by colonial priorities, the leaders of newly independent countries had an opportunity to devise growth strategies solely for the benefit of their countries’ people. Les mer om A brief history of the debt crisis
Short questions and answers on the basics of debt. Les mer om The basics about debt - Q&A
Eurodad’s Charter on Responsible Financing from 2008 outlines the essential components of a responsible loan. These aim to ensure that terms and conditions are fair, that the loan contraction process is transparent, that human rights and environments of recipient nations are respected and repayment difficulties or disputes are resolved fairly and efficiently. Les mer om Eurodad's Charter on Responsible Financing
This paper outlines ten principles which EURODAD believes are essential components of a fair and transparent debt work-out procedure. Les mer om Eurodad's 10 principles of debt work-out