Mid-January 2022, Storm Ana raged through southwest Africa, leaving a trail of devastation and loss of life in Malawi, Madagascar and Mozambique. With extreme weather events likely to occur more…
New figures released today by Jubilee Debt Campaign show that developing country debt payments have increased 120% between 2010 and 2021 and are higher than at any point since 2001.…
US authorities and the UK Financial Conduct Authority have collectively imposed a fine of $475 million on Credit Suisse for its role in the hidden debt scandal in Mozambique. Credit…
Chad, Ethiopia and Zambia considering debt restructuring: 53% of their debt payments are to private lenders Legislation to be introduced in New York to make restructuring private debt easier In…
Debtor countries told to “seek” debt restructuring from private lenders, but G20 give them no help to do so G20 don’t say what should happen when private lenders say “no”…
• Zambia spends four times more on external debt payments than public healthcare • Real public spending per person has fallen by 18% in recent years, as the debt crisis…
This blog was written in response to the Open Budget Survey available here Even before the coronavirus crisis hit, many countries were already struggling with high debt payments. Jubilee Debt…
The Institute of International Finance, a grouping of over 450 banks, hedge funds and other global financial firms, has called for a suspension of debt payments by the poorest countries…
Borrowing costs for developing country governments has increased sharply Commodity price falls and declines in tourism could have major economic impact on many poor and vulnerable countries Borrowing costs for…
The International Monetary Fund (IMF) has publicly responded to our research, launched yesterday with 34 other civil society organisations, that $93 billion of IMF loans are being used to bail…