Commodity price crash causes debt payments to soar
Effective interest rates on World Bank loans reaching 9%, whist on private sector loans hits 27% Over recent months there has been a crash in prices for commodities – metals,…
Tanzania hit by costs of public-private partnerships
Cost of energy public-private partnership has added $200 million to Tanzanian government debt at same time as electricity prices have been hiked to among the highest on African continent Read…
Public-private partnerships in Uganda cost the country dearly
Read our 6-page briefing in full: ‘Public-private partnerships and the financial cost to governments: Case study on the power sector in Uganda’ Privatisation of the Ugandan electricity sector, initiated in…
Blog from our Middlesex University student, Molly Meakin
I am Molly Meakin and I am going into my third year at Middlesex University, doing a placement at Jubilee Debt Campaign for six weeks. My aim is to gain…
ECB to make between €10 and €22 billion profit out of loans to Greece
The European Central Bank and its member national central banks are on track to make between €10 billion and €22 billion of profit out of lending to Greece, if Greece…
External debt is a cancer to Nepal. Cancel it now!
Earthquake-hit Nepal’s debt stands at $3.8 billion. Writing off its loans will go a long way in helping it to recover, says former Nepali MP Sunil Pant. I would like…
Thin cut to debt leaves Grenada caught out
Deal with private lenders will only reduce debt by 20%. Grenada has reached a deal with private bondholders to reduce debt owed to them by up to half over the…
No deal will be worse for the Eurozone than for Greece
The current deadlock between Greece and the rest of the Eurozone is over whether Eurozone governments will lend more money to enable Greece to meet international debt payments due this…
Glossary of terms
List of terms: Bailout Bank recapitalisation Bond and bondholder Bridge loan Collective Action Clause Concessional loan Debt relief/restructure/cancellation/haircut/swap/write-down/work-out Debt haircut Debt relief Debt restructuring Debt service Debt swap Debt stock…
Aid rules tightened, but still allow profit to be made from loans
Western countries, through the OECD, have agreed new rules for themselves on when they are allowed to call loans ‘aid’. The new rules restrict the terms on which loans can…
