Ecuador to help Tunisia audit debt
The Tunisian government has asked Ecuador for advice on conducting an audit into debts inherited from the Ben Ali regime. The Ecuador government will be sending a mission to Tunisia…
Sierra Leone debt creeping up
Sierra Leone’s government external debt payments are increasing. The IMF estimates they will account for between 7 and 9 per cent of government revenue between 2012 and 2017; $30 million…
Two-thirds of Guinea’s debt to be cancelled
The International Monetary Fund and World Bank have announced that the West African country of Guinea will get $2.1 billion of debt cancelled. This amounts to around two-thirds of the…
Impact of debt relief in Bolivia
A new report has found social and economic improvements in Bolivia since debt cancellation in 2005, but other factors are also responsible. Fundación Jubileo (Jubilee Bolivia) have released research on…
Belize misses interest payment
Belize has effectively defaulted on its debt, having missed a $23 million interest payment due on 20 August. Creditors are refusing a restructuring offer from one of the most heavily indebted…
IMF negotiating loan with Egypt
Protests against conditions and usury. The Egyptian government has announced it is in negotiations with the IMF on a $4.8 billion loan. The loan is likely to be disbursed over…
