Congolese Elections and the Opportunity for the International Community to do the Right Thing

The Congo held elections yesterday; elections that the ruling party has kept finding excuses to postpone over the past two years.  International pressure though, forced them to be held (although in an incomplete fashion).  Now, the question is whether the vote counts will be done with some modicum or propriety and whether the current kleptocrats will find some way to hold on to power in this resource rich nation with a tragic history.  The latest reports are telling us that there is already chaos and that the internet has been shut down (from the Washington Post, see here). My interest in the Congo was spurred by a question about its sovereign debt (of course). My Duke colleague and frequent co author, Joseph Blocher, who has worked in Africa and knows my obsession with sovereign debt – and particularly the question of what is to be done about the sovereign debts incurred by despotic leaders (the “Odious Debts” problem), got me hooked on the…

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