RETURN OF BLOCKED OIL MONEY TO ANGOLA INVOLVES OPAQUE DEAL WITH SWISS ARMS COMPANY
Civil society organisations today expressed serious concerns over plans by the Swiss Development Agency (DDC) to return millions blocked in Swiss banks to Angola, including for a demining project awarded untransparently to RUAG, a Swiss arms manufacturer which currently does not have the requisite capacity for demining. Action Place financière Suisse, the Berne Declaration and Global Witness called on the Swiss authorities to rethink their decision and institute a competitive bidding process for the demining project.