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

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by Heather Stewart and Greg Palast
Featured Writer
Dandelion Salad
www.gregpalast.com
24 February, 2010

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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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