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Borrowing costs for developing country governments has increased sharply Commodity price falls and declines in tourism could have major economic impact on many poor and vulnerable countries Borrowing costs for…
The UK government has announced £150 million for an IMF fund to cancel debt payments for poor countries hit by coronavirus There are concerns that countries will struggle to qualify…
Jubilee Debt Campaign has been warning of Lebanon’s debt crisis since 2015 Large write-downs in debt will be needed by creditors to enable the country to recover Today Lebanon defaulted…
Case brought by the government of Mozambique also seeks damages from Credit Suisse and shipbuilding company Privinvest Credit Suisse given deadline of 21 January to file and serve their defence…
Figures calculated by Jubilee Debt Campaign from IMF and World Bank data show that growing debt burdens are contributing to public spending cuts For the 15 countries spending over 18%…
Campaigners say people of Mozambique should not have to pay one cent in debt arising from secret loans Reacting to reports that Russian State bank VTB has filed a case…
New research by the Jubilee Debt Campaign indicates a major breach by the IMF of its own policies, with $93 billion of lending to highly indebted countries, without any debt…
IMF broke own rules to agree loans last year without a debt restructuring taking place By bailing out reckless lenders, the IMF repeats the same mistakes it made in Greece…
Former Credit Suisse banker Andrew Pearse has pleaded guilty to taking millions of dollars in kickbacks on three loans he helped arrange to three state–owned companies in Mozambique. The loans…
New report shows Financial Conduct Authority are failing to adequately protect consumers from high interest costs on credit cards Calls for a cap on the total cost of charges that…
