The UK government has confirmed that it will cut a further £861 million from the UK aid budget through cancelling debt owed by Sudan. In a Freedom of Information Act response, the government…
There is a growing recognition that the debt and climate crises are intimately linked and fuelling one another. So wouldn’t it be great if we could address both issues at once? One initiative that aims to do just…
This joint briefing available in English and Spanish explores the links between debt and the climate emergency and demonstrates the importance of addressing unsustainable debt in the global South for…
Earlier this week, the trial of 19 individuals involved in Mozambique’s hidden debt scandal began in the capital city, Maputo. Those on trial, including the former Presidents’ son Armando Guebuza and former head of security…
The Caribbean country of Haiti was hit by a devastating earthquake earlier this month, destroying tens of thousands of homes and taking the lives of nearly 2,000 people while a further 10,000 are missing or injured. It…
Over the last few weeks, the attention of the world has been on the leaders of the G7 as they discussed the critical issues we all face, including vaccines, tax…
The G7 Finance Ministers have today reaffirmed support for the Common Framework for debt treatments[1], but have not taken the necessary steps to tackle the growing global debt crisis. Jerome Phelps of…
Earlier this week, the IMF agreed a financing plan to clear $1.4 billion owed to it by Sudan. The agreement was reached on the first day of the ‘Summit on…
Last week (12th April) was a big week for the global debt crisis, with the International Monetary Fund (IMF) and World Bank Spring Meetings, and the G20 Finance Ministers’ meeting, bringing…
UK Government publishes more data on its loans to other countries and commits to updating it every 3 months. They are the first G20 country to make their lending more…
