Tuna fishing ships and military patrol boats are currently sitting dormant, docked in the capital of Mozambique, Maputo. Together, these boats provide a daily physical reminder of the ongoing political scandal that…
When it comes to infrastructure – roads, railways, power plants, ports and the like – the policy prescriptions from the World Bank and other international financial institutions sound like a…
The Eurogroup of Eurozone Finance Ministers has finally agreed to begin discussions on debt relief for Greece. However, initial proposals developed by the European institutions do little to address Greece’s…
Proposed terms will cut debt but increase interest rate, leaving Mozambique no better off, despite crash in commodity prices reducing ability to pay Mozambique is trying to restructure the terms…
Minister of State for International Development, Desmond Swayne MP, has responded to Jubilee Debt Campaign’s No New Debt Trap campaign, calling for urgent action to prevent a wave of debt crises…
In January the World Bank cancelled a road building project in Uganda after “multiple failures … on the part of the World Bank, the government of Uganda, and a government…
The UK’s Department for International Development is considering using aid money to subsidise lower interest rates for export credits for some low income countries. Export credits are government backed loans…
According to the IMF and World Bank, 10 low income countries have seen an increased risk of not being able to pay their debts over the last year as global…
Theopi Skarlatos and Paul Mason’s #ThisIsACoup is a documentary giving the inside story of Greece’s confrontation with international finance in 2015. You can watch all four episodes for free online…
The debt crisis in Greece was constantly in the news in 2015, as the country made a brave attempt to throw off the shackles of unjust debt. But how often…
