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…
The Big Give Christmas Challenge
A massive thank you to everyone who has donated during the Big Give Christmas Challenge. A total of 265 of you have helped us reach our target of doubling £10,000…
World Bank misleads while guaranteeing speculators profit
World Bank admits to breaking rules to guarantee high interest Ghana debt, but misleads in attempt to justify the decision.
Groundhog Day looms in Argentina as the IMF returns
A decade of IMF conditionality and adjustment sparked Argentina’s 2001 debt default and economic earthquake, and it was expelled from the country in 2006. Yet the country’s new government has…
