Debt Crisis in the Commonwealth: A Call for UK Global Leadership
Read SCIAF and Debt Justice UK’s report, ‘Debt Crisis in the Commonwealth: A Call for UK Global Leadership‘ and find out about the debt crisis facing 1 in 3 Commonwealth…
Bondholders use threat of UK legal action to limit debt relief for Ethiopia
Reacting to news that bondholders have agreed a debt restructuring deal with Ethiopia, Tim Jones, Policy Director at Debt Justice, said:“Bondholders have successfully used the threat of legal action in…
Ethiopia bondholders plan to sue in UK after rejecting debt relief deal
A group of bondholders have rejected the latest debt restructuring offer from the Ethiopian government and reaffirmed they are suing the East African country in the UK High Court. Reacting…
What has Iran got to do with the debt crisis?
The illegal attacks by the US and Israel on Iran and Lebanon have caused massive destruction, claimed thousands of lives and put countless more at risk. And the closure of the Strait of Hormuz is…
Private lenders to make over $4 billion (CFA 2,000 billion) profit if paid in full by Senegal
Private lenders will make $4.4 billion (CFA2,500 billion) profit if they are paid in full by Senegal. The new calculations by FRAPP and Debt Justice show this is 44% more…
Lower-income country debt payments hit highest level since 1990 as hedge funds swoop in
Lower-income country debt payments have hit their highest level for 35 years, after more than trebling since 2010. Average debt payments for 56 lower-income countries reached 19.2% of government revenue…
Reaction from Debt Justice to bondholders suing Ethiopia
On Friday 30 January official creditors including China and France rejected a debt restructuring deal between Ethiopia and its bondholders, saying it was a “very low restructuring effort“.[1] Debt Justice…
BlackRock and clients stand to make $2.1 billion out of the global debt crisis
Asset manager BlackRock could make $2.1 billion profit on its loans to countries in or at high risk of debt distress, according to new research by Debt Justice and Christian…
Beyond the UK budget: The global debt crisis we should be worried about
In the weeks of media speculation ahead of the UK budget, government debt has dominated the headlines. The threat of a “debt crisis” is often used to justify cuts in…
Reaction to Ethiopian bondholders rejecting debt relief deal and threatening to sue
Ethiopia’s bondholders have again rejected a debt restructuring deal and have threatened to sue.[1] Reacting to the news, Tim Jones, Policy Director at Debt Justice said: “Ethiopia’s bondholders are refusing…
