Can Mozambique declare the $2 billion secret debts illegal?
In recent weeks there have been several arrests in Mozambique connected to the $2 billion secret loan scandal. This could indicate that the Mozambique government is now more willing to…
Newcastle University takes a strong stand against secret loans
The Vice-Chancellor of Newcastle University, along with the President of the Student Union, the branches of the trade unions UCU, UNITE and UNISON, and the Chaplaincy Group have written to…
Argentina is facing record debt and is on the road to hell. There is only one way out.
The legitimacy of the debt must be challenged and proposals for a public debt audit resuscitated. Dan Ozarow is Chair of Jubilee Debt Campaign’s Academic Advisory Network and member of Action…
What we have learned from the US indictment on odious loans to Mozambique
Yesterday three former employees of Credit Suisse were arrested in London over $2 billion of odious loans to three state owned companies in Mozambique, given in 2013. The loans were…
Sierra Leone: Ebola debt to IMF contributes to big cuts in public spending
In November the IMF agreed a new $172 million loan programme with Sierra Leone, spread over the next 3 and a half years, until mid-2022. At the same time, the…
G20 stops short of decisive action on lending transparency
UK Prime Minister calls for implementation of 2017 guidelines But UK government itself has been unwilling to implement these limited guidelines for loans from UK-based banks and companies G20 governments…
Our view on the UK government response to our campaign on secret loans
John Glen MP, Economic Secretary to the Treasury, has replied to MPs about our campaign to stop secret loans. We are calling for measures to ensure all loans to governments…
Vulture funds and governments seek profit from Sudan debt relief
Today the Financial Times has reported that a group of vulture funds have hired lawyer Lee Buchheit to argue for debt relief for Sudan. They hope that if the North…
The New Debt Crisis in Southern Africa: Angola, Zambia and Zimbabwe
This is a guest post by Sunit Bagree, Senior Campaigns Officer, Action for Southern Africa (ACTSA), based on a talk given at the Jubilee Debt Campaign event ‘Breaking the chains: 1998…
Mozambique campaigners launch scathing criticism of UK regulator
Leading civil society organisations in Mozambique have launched a scathing attack on the UK’s Financial Conduct Authority for dropping its criminal investigation into Credit Suisse over secret loans given in…