Jubilee Debt Campaign is proud to add our name to this letter, coordinated by the Runnymede Trust, which condemns the recent report from the Commission on Race and Ethnic Disparities (the Sewell report), and we call for immediate action to be taken on…
Today the G20 announced a 6-month extension to their Debt Service Suspension Initiative (DSSI). They have indicated that this will be the final extension to the initiative, originally established in…
In November 2020, private creditors rejected the Zambian government’s request for a six-month standstill on debt payments on one of their Eurobonds. As a result, Zambia became the first African…
Chad, Ethiopia and Zambia considering debt restructuring: 53% of their debt payments are to private lenders Legislation to be introduced in New York to make restructuring private debt easier In…
Private lenders rejected Zambia’s request for a debt payment suspension last week, plunging the country into default. How did we get here, what does that mean for the people of Zambia and what does it mean…
Debtor countries told to “seek” debt restructuring from private lenders, but G20 give them no help to do so G20 don’t say what should happen when private lenders say “no”…
• Zambia spends four times more on external debt payments than public healthcare • Real public spending per person has fallen by 18% in recent years, as the debt crisis…
Thousands of us wrote to our MPs last month calling for debt cancellation for countries in the global south to help with the fight against coronavirus. If you wrote to your MP, you likely received a response forwarded on…
Despite the clear need for more debt cancellation the G20 finance ministers failed this week to act. $2.8 billion dollars are spent on debt payments a month by the world’s poorest counties,…
Last week marked week marks 15 years since the G8 Summit in Gleneagles, Scotland, when leaders of the world’s richest countries agreed debt cancellation for many of the world’s poorest heavily indebted countries. This hard won victory was…
