Reaction to Hurricane Melissa
For more information and interviews, contact Jerome Phelps on +44 (0)300 040 0011 In response to the destruction caused by Hurricane Melissa in the Caribbean, Richard Jones, Executive Director of…
Debt and austerity driving authoritarianism across Global South countries, new report warns
For more information and interviews contact Jerome Phelps on +44 (0)7716 200346 Global debt and austerity policies are fuelling the rise of authoritarianism across the Global South, according to a…
Debt-for-nature swaps reduce debt seven times less than debt restructurings
For more information and interviews contact Jerome Phelps on +44 7817 628196 New research released today by Debt Justice finds that debt-for-nature swaps have on average reduced debt levels by…
Reaction to Ethiopia bondholders threatening legal action
For more information and interviews contact Jerome Phelps on +44 7307 620372 Ethiopia’s ad hoc bondholder committee has criticised the IMF over the fund’s projections for Ethiopia’s exports and other…
A climate finance COP – or a massive flop?
Rising sea levels, tropical storms and droughts aren’t just destroying lives and ecosystems, they are also pushing lower-income countries further into crushing debt. This year’s international climate talks – COP29…
Drowning in Debt: The Climate Finance Failure of COP29
This COP was supposed to be an opportunity for rich countries to finally stump up the bill for their climate debt – to provide adequate, public, grants-based climate finance of…
The climate crisis is heating up, here’s why we can’t solve it without dealing with the debt crisis
The climate crisis is intensifying across lower-income countries. From severe droughts and flooding in Zambia to intensifying hurricanes across the Caribbean, the communities least responsible are bearing the brunt of…
Climate Resilient Debt Clauses: good or bad for the Global South?
When a country is hit by a catastrophic external shock, like climate extreme events, there is currently no comprehensive and consistently applied method of suspending debt payments. This means that…
Reaction to debt relief deal for Ghana
For more information and interviews contact Jerome Phelps on +44 7307 620372 The Ghanaian government has reported that Ghana’s official creditor committee has reached a deal to restructure the country’s…
COP28 sweeps debt under the carpet
The UN climate summit, COP28, has just taken place against the backdrop of the hottest year ever recorded in human history. World leaders and ministers have spent a fortnight in…
