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…
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.…
