Lenders drive Argentina into a debt default
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…
G20 debt suspension request: 90% of bonds governed by English law
First payments due on 1 and 4 May on debts G20 has asked private creditors to suspend Jubilee Debt Campaign estimates $9.4 billion of debt payments are due to private…
G20 suspends debt payments, more action needed
Warning of future debt crises if debt not cancelled outright Legislation needs to be passed to ensure private sector complies with voluntary debt payment suspension G20 Finance Ministers have announced…
G20 announces deal on suspension of debt payments
The French Finance Minister Bruno Le Maire has announced that the G20 has agreed a deal to suspend some of the debt payments of 77 of the poorest countries in…
Reaction to $215 million of debt cancellation by IMF
The IMF has announced it will cancel $215 million of debt payments for 25 countries over the next six months due to the coronavirus pandemic. Reacting to the news, Sarah-Jayne…
Sixty-four countries spend more on debt payments than health
New figures from Jubilee Debt Campaign show extent to which poor country health spending is overshadowed by debt payments IMF and World Bank meetings this week will discuss possible debt…
Reaction to financial relief for people impacted by Covid-19
For more information and interviews contact Sarah-Jayne Clifton, Tel: 07980 599002 The FCA has announced proposals for temporary measures to support users of certain credit products who are facing a…
Reaction to IMF and World Bank call for a debt moratorium
The IMF and World Bank have called for an immediate suspension of all debt payments to other governments by a group of the poorest countries, known as IDA countries. Reacting…
Calls grow for debt moratorium for poor countries
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…
Reaction to £150m in UK budget for coronavirus debt relief
The UK government has announced £150 million for an IMF fund to cancel debt payments for poor countries hit by coronavirus There are concerns that countries will struggle to qualify…
