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Zambia edges towards debt default, but bondholders could make millions
• 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…
• 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…
Argentina is expected to formally default today after the 30-day grace period on a bond payment expires. Commenting on the default, Sarah-Jayne Clifton, Director of Jubilee Debt Campaign said: “Argentina…
African Finance Ministers call for suspension of all interest payments World Bank Head calls for suspension of all interest and principal payments to other governments African Finance Ministers have called…
Case brought by the government of Mozambique also seeks damages from Credit Suisse and shipbuilding company Privinvest Credit Suisse given deadline of 21 January to file and serve their defence…
Campaigners say people of Mozambique should not have to pay one cent in debt arising from secret loans Reacting to reports that Russian State bank VTB has filed a case…
Briefing available in English, French and Spanish In this briefing 34 civil society organisations set out how IMF loans are used to bail out reckless lenders. They call for the…
New research by the Jubilee Debt Campaign indicates a major breach by the IMF of its own policies, with $93 billion of lending to highly indebted countries, without any debt…
IMF broke own rules to agree loans last year without a debt restructuring taking place By bailing out reckless lenders, the IMF repeats the same mistakes it made in Greece…
No money paid out from pandemic insurance scheme because Ebola has not crossed into a second country Scheme is the latest to use public money to fund private sector profits…
Former Credit Suisse banker Andrew Pearse has pleaded guilty to taking millions of dollars in kickbacks on three loans he helped arrange to three state–owned companies in Mozambique. The loans…