Impoverished countries are being sold a dangerous private finance scheme
A new manifesto has been launched by civil society organisations from all over the globe, to condemn this exploitative financial practice
Campaign improves IMF debt assessments, but risk of crises continues to increase
The IMF and World Bank have agreed some positive changes to their system for monitoring debts of impoverished countries, though some large issues have been ignored. The system, known as…
Guide to responding to MPs about odious loans to Mozambique
Thank you for writing to your MP about odious loans by UK banks to Mozambique. If you have not done so yet, please take action now. In 2013, two London-…
Students at risk of dangerous stress levels due to rising debts
Poorer students are hit hardest by escalating debts, many students are going hungry, and the psychological pressure is high
Indebted Caribbean islands need urgent debt relief
As the devastation from recent hurricanes in the Caribbean becomes clearer, the calls for debt relief for affected countries grows stronger. In Dominica, 98% of the buildings are damaged, with…
Ghana’s debt crisis worse than IMF expected, as lenders continue to profit
The IMF has completed the fourth review of its programme in Ghana, agreeing to disburse a further $95 million of loans, taking total loans to $565 million. The IMF has…
Our ‘Education for Action’ workshops land in three UK cities
We’ve taken our ‘Debt and Economic: Education for Action!’ workshops to three cities this summer. Between Newcastle, Manchester and London around fifty people gave up a whole Saturday to brush…
Release of audit raises huge questions over $2 billion loans to Mozambique
A condition of Credit Suisse to get the loans signed off by the Bank of Mozambique was dropped in order for the loans to be given Credit Suisse and VTB…
France passes law to clip vulture funds’ wings
Companies prevented from seeking large profits on debts they bought when a government could not pay. France has passed a law to prevent vulture funds or other creditors from seeking…
The NHS march was just the first step
Up to 250,000 people joined the huge and beautiful #ourNHS march on Saturday. This march came just weeks after an Ipsos MORI poll found that the state of the health-service…
