Liberian leader urges MPs to back action against vulture funds by Heather Stewart and Greg Palast

by Heather Stewart and Greg Palast
Featured Writer
Dandelion Salad
24 February, 2010

An investigation for BBC’s Newsnight, to be broadcast tonight, Thursday at 10:30pm GMT, has uncovered allegations that speculators subverted the international debt relief process.

By Heather Stewart and Greg Palast for The Guardian

Ellen Johnson Sirleaf, the president of [Liberia] is urging MPs to back a bill banning vulture funds from using British courts to prey on poor countries when it comes to a vote on Friday. Liberia lost a $20m (£13m) case in London last year against two so-called vultures. Such funds buy up the loans of poor governments, wait for them to win from the international community, and then use courts to pursue the countries for assets.

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