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…
IMF refuse to cancel Haiti debt as hurricane not ‘catastrophic’
The damage caused by Hurricane Matthew in October has led the IMF and World Bank to assess Haiti as being at high risk of not being able to pay its…
We must recognise the role of PFI debts in the NHS funding crisis
The first weeks of 2017 in the UK have been filled with news that the NHS and social care are in crisis, due to a lack of government funding. It…
Philippines to hold ‘historic’ audit into debt legitimacy
In a first for the country, the Philippines has legislated to hold a debt audit into 20 projects to determine the legitimacy of the loans. The audit is part of…
Mozambique’s secret loans: Protecting the unconstitutional
A Mozambican parliamentary Commission on 7 December submitted a devastating report on the $2 billion in secret loans originally given or arranged by the London branches of Credit Suisse and…
