'Vulture funds' sue Liberia

Offshore investment funds take poverty-stricken nation to London court over debts.

    Two offshore investment funds are taking the poverty-stricken African state of Liberia to London's high court, over an unpaid debt that dates back to the 1970s.

    The Caribbean-based companies, described as "vulture funds" want more than $20 million.

    But Liberia says it cannot afford to pay the debt, and accuses the firms of profiting from poverty.

    Barbara Serra reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.