Press Releases

4 Dec 2023 Tess Woolfenden

Reaction to new taskforce to boost sustainability-linked sovereign financing for nature and climate at COP28  

For more information and interviews contact Jerome Phelps on +44 7307 620372  The Joint Declaration and Task Force on Credit Enhancement for Sustainability-Linked Sovereign Financing was announced today at COP28…

4 Dec 2023 Tess Woolfenden

Reaction to UK Climate Resilient Debt Clauses and investment announcement at COP28

For more information and interviews contact Jerome Phelps on +44 7307 620372 The UK has announced today on climate finance day at COP28 that it has reached an agreement to…

30 Nov 2023 Tess Woolfenden

Reaction to operationalisation of Loss & Damage Fund at COP28

For more information and interviews contact Jerome Phelps on +44 7307 620372  The Loss and Damage Fund governing arrangements were adopted today on the first day of COP28.   Heidi Chow,…

30 Nov 2023 Tess Woolfenden

Yanis Varoufakis, Thomas Picketty, Vanessa Nakate, and leading experts call for debt cancellation at COP28

For more information and interviews contact Jerome Phelps on +44 7307 620372  More than 550 economists, development and climate experts including leading economists Yanis Varoufakis, Thomas Picketty, Jayati Ghosh, Ann…

27 Nov 2023 Tess Woolfenden

Lower-income countries have paid out $2.7 trillion in interest payments since 1970

For more information and interviews contact Jerome Phelps on +44 7307 620372  Lower-income countries have been forced to pay out $2.7 trillion in interest payments to creditors since 1970, according…

10 Nov 2023 Debt Justice

IMF and governments express reservations about Zambia debt deal which will pay bondholders a third more than governments

For more information and interviews contact Jerome Phelps on +44 7906 813716 Bondholders will be repaid a third more than government creditors including China and the UK under the restructuring…

5 Oct 2023 Skye Golding

Artists explore the legacy of colonialism and today’s debt crisis 

For more information, interviews and to confirm attendance at the launch event, contact Jerome Phelps on +44 7307 620372, Jerome@debtjustice.org.uk  The exhibition ‘It’s the debt that you owe’: debt, colonialism,…

21 Aug 2023 Tess Woolfenden

Rising debt locks global south countries in fossil fuel production

For more information and interviews contact Jerome Phelps on +44 7307 620372   Global south countries are trapped in relying on fossil fuel exploitation to generate revenue to pay debts, according…

27 Jul 2023 Joe Cox

Press Comment: Energy company profits built on the back of UK households

Responding to today’s announcement that Centrica and Shell have posted Q2 profits of £969M and £3.9bn respectively, Heidi Chow, Executive Director of Debt Justice said: “These obscene profits have been…

19 Jul 2023 Tess Woolfenden

Reaction to IMF board approval of $3bn loan to Pakistan

For more information and interviews contact Jerome Phelps on +44 7307 620372 The IMF has agreed to disburse a loan of $3 billion to Pakistan, following other new loans from…