Commodities price fall signals rise in debt payments
The fall in the price of commodities, led by oil, has led to large falls in the value of currencies in developing countries. Financial markets are betting on countries’ trade…
Details of debt relief for Ebola countries not yet agreed
G20 announces $300 million of loans, debt relief and grants from IMF, but details of how to do so are being debated over coming weeks At the G20 summit on…
Ghana in talks with IMF as debt problems deepen
Ghana is to hold negotiations with the IMF in September on a new loan programme following a fall in the currency which has increased the level of debt payments. Under…
UN experts blocked from making debt proposals
The United Nations Intergovernmental Committee of Experts on Sustainable Development Financing has identified debt sustainability as one of the key financing challenges facing countries in the meeting of new Sustainable…
Vulture funds profit from shadowy financial markets
In the wake of Argentina being blocked from making debt payments, there is much speculation about who lies behind various trades taking place in financial markets. Argentina has been declared…
Blog from Jamaica: ‘We are in the same debt trap as the government’
It is 1998, I’m 16 and going on my first large protest. It’s in Birmingham for the Jubilee 2000 demonstration, calling for the G8 group of self-appointed most important countries…
Blog from Grenada: Why the ‘Spice Isle’ has stopped paying its debts
It’s 10:30 at night and I’m trying a short cut through the grounds of an upmarket hotel in Grenada to get to my much cheaper room on the other side.…
Caribbean nations join together to push for debt cancellation
Caribbean nations have publicly called for debt cancellation for the region. This week, the Heads of Government of the Caribbean Community (CARICOM) called for “reparations for native genocide and slavery”.…
Vulture funds take control of Cooperative Bank
The same vulture fund which is trying to make Argentina default on its debt has now wrested the Cooperative Bank out of cooperative hands. Aurelius Capital Management, along with Silver…
Grenada takes brave stand for debt justice
The tiny Caribbean island of Grenada, population 100,000, has stopped paying its £560 million debt. On Saturday, as the IMF and World Bank annual meetings got underway in Washington DC,…
