US tariffs will intensify debt crisis in lower-income countries
***Updated data on 14 April*** The US’s imposition of tariffs on imports from across the world has hit financial markets. The move is likely to exacerbate the debt crisis affecting…
Reaction to Development Minister speech on debt
Reacting to minister for development Anneliese Dodd’s speech at the London Stock Exchange today, Heidi Chow, Executive Director of Debt Justice, said: “The government has rightly made tackling unsustainable debt in…
Bondholders would still make 30% profit from rejected Ethiopia deal
New research released today finds that Ethiopia’s bondholders would still make 30% profit from the government’s proposed debt restructuring deal. The briefing also concludes that IMF debt sustainability targets could…
Debt cancellation could put 5 million more children in school
Debt relief could lead to 17 million people gaining access to clean drinking water, 5 million more children attending school, and over 59,000 children and mothers’ lives being saved in…
UK Court rules that Mozambique is owed over $2 billion in hidden debt case
This week a UK Court ruled that United Arab Emirates company Privinvest owes over $2 billion to Mozambique in a debt scandal which dates back to 2014. Mozambique campaigners the…
Debt and Kenya’s economic crisis
Last month there were huge protests against tax rises in Kenya. The tax increases, including sales tax on essentials such as bread and cooking oil, were proposed in response to…
Private lenders: Why their arguments against a new law don’t stack up
Banks, hedge funds and asset managers have been lobbying vigorously against proposals to ensure private lenders take part in debt relief. They are using exactly the same arguments as 15…
Responses to our ‘Stop cowboy lenders’ campaign
Debt Justice supporters have been writing to their MPs asking them to support our ‘Stop Cowboy lenders’ campaign, and pass legislation requiring private lenders to take part in debt relief.…
We still need a debt jubilee: 25 years on from the Birmingham human chain
Twenty-five years ago today, as a wide-eyed 16 year old, I went on my first ever protest. Travelling to Birmingham with a group from my church, we joined 70,000 others…
Stop cowboy lenders and end the global debt crisis
This year Pakistan will spend over $20 billion on debt payments to big banks and hedge funds. Right now, the country is struggling to rebuild after horrendous flooding last year,…
