Monday, 29 October 2007
Ex-World Bank Director Paul Collier supports re-negotiation
Speaking at the Battle of Ideas last weekend, Paul Collier, former Director of the Development Research group at the World Bank and more recently senior advisor to the Blair Commission on Africa, argued that the Development Agreements signed by Zambia with copper mining companies were a disgrace, and should be re-negotiated. Collier who has recently attracted attention with his book, 'The Bottom Billion' blamed his former employers at the World Bank for posting their most junior economists as advisors on the privatisation. Collier claimed that he is actively campaigning on this issue. I will try to follow up to see what that means, and will post on this blog if I get a reply.
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One thing that struck me about Paul Collier, is that he brings up incompetence, but doesn't mention corruption. I think there was corruption at the signing of these deals, I think that is why certain individuals defend them to this day, and I think it is why Magande wants to tell people looking for the mines to pay (more than) their fair share of taxes to 'come back in 10 years'.
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