Launch of the Open Budget Survey
This blog was written in response to the Open Budget Survey available here Even before the coronavirus crisis hit, many countries were already struggling with high debt payments. Jubilee Debt…
Reaction to call by global banking body for debt payment suspension
The Institute of International Finance, a grouping of over 450 banks, hedge funds and other global financial firms, has called for a suspension of debt payments by the poorest countries…
Coronavirus worsens debt crisis in poor countries
Borrowing costs for developing country governments has increased sharply Commodity price falls and declines in tourism could have major economic impact on many poor and vulnerable countries Borrowing costs for…
Response to the IMF response on bailing out reckless lenders
The International Monetary Fund (IMF) has publicly responded to our research, launched yesterday with 34 other civil society organisations, that $93 billion of IMF loans are being used to bail…
Speculators make 13% despite Ebola crisis in DR Congo
No money paid out from pandemic insurance scheme because Ebola has not crossed into a second country Scheme is the latest to use public money to fund private sector profits…
Tanzania refuses release of IMF debt risk analysis
Failure to publish means lenders still being guided by old ‘low risk’ rating Lesotho moves from low risk to moderate, while Timor-Leste moves from moderate to low risk The government…
IMF agrees loan to Congo after China pushes debt payments into the future
$449 million of loans agreed but no reduction in debt principal owed Debt negotiations with private commodity traders are still ongoing The IMF has agreed $449 million of loans to…
G20 falls short on loan transparency
Despite making debt transparency one of the key items for discussion this year, the 20 have failed to take decisive action to improve debt and loan transparency. In the final…
Fears raised about cost of PPP hospital in Uganda
Uganda Debt Network says government has guaranteed $380 million in payments for hospital which was due to cost $250 million The Uganda Debt Network has raised concerns about the financing…
One Mozambique loan declared illegal, but speculators set to make 240% profit
Introduction A fortnight ago in a major victory for our allies The Mozambique Budget Monitoring Forum (FMO), a network of 21 civil society organisations, the Mozambique Constitutional Council ruled one…
