Free article preview  

President Sassou spends millions of his country’s money on trying to stop vulture funds preying on bad debtors – like Congo

President Denis Sassou-Nguesso has spent nearly US$6 million on lawyers and lobbyists in the United States in the past three years. He wants Congress to pass legislation against 'vulture funds'. These are firms which buy up the bad debt of poor countries at a massive discount, then pursue them through the courts for the original amount, plus penalty payments and compound interest....

(This article contains approximately 821 words)

end of free article preview

Current subscribers: log in now to read the complete article. Misplaced your password? Then click here for a password reminder.

Not a subscriber? Then you can read this article in full either by becoming a subscriber now, for 3, 6 or 12 months, or you can buy this individual article.

  • Subscribe to Africa Confidential:
  • Buy this article:
  • 3-month subscription
    Prices from £205.00 (+ VAT where applicable)
    6-month subscription
    Prices from £376.00 (+ VAT where applicable)
    12-month subscription
    Prices from £705.00 (+ VAT where applicable)
  • UK & European Union
    £17.00 (+ VAT where applicable)
    Rest of the world
    $27.00

  • If you have a print subscription already, click here for a password that gives you full access to the website.
  • If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.

Keywords:

Denis Sassou-Nguesso, United States, Maxine Waters, John Thorpe Richards Junior, Plato Cacheris, Robert Weisberg, Michael Ledeen, Ronald Reagan, George W. Bush, Kenneth Adelman, Jean-Yves Ollivier, South African, France, Blaise Elenga, Denis Christel Sassou-Nguesso, John Conyers, Donald Payne, Alcee Hastings, Jesse L. Jackson Jr., Société Nationale des Pétroles du Congo, éminence grise, Françafrique, Congolaise de Trading