Welcome for Labour Party policy on loan transparency
The Labour Party has announced that if it were in government it would bring in an Act of Parliament to require loans to governments to be publicly disclosed. Reacting to…
Over fifty UK MPs write to the Chancellor calling for greater loan transparency
MPs from every party in the UK parliament have signed a letter to the Chancellor calling for regulations to ensure loans to governments are publicly disclosed when they are given…
Mozambique campaigners visit London to hold banks to account for odious loans
Three campaigners from the Mozambique Budget Monitoring Forum (FMO) will visit London from 20-23 May to seek to hold to account the banks behind the $2 billion odious loans scandal.…
IMF loan to Mozambique following Cyclone Idai “shocking indictment” of international community
Press release: For immediate release For further information and interviews please contact Sarah-Jayne Clifton on 07980 599002 The IMF has agreed an emergency loan of $118.2 million to Mozambique following…
Crisis deepens as global South debt payments increase by 85%
External debt payments by developing country governments grew by 85%, as a proportion of government revenue, between 2010 and 2018 For the countries with the highest payments, in two-thirds public…
Mozambique needs urgent action on debt crisis following Cyclone Idai
Cyclone Idai has caused huge destruction and loss of life in Mozambique, Malawi and Zimbabwe. The true extent of the disaster is not yet known. Below are reactions from partner…
Personal debt grows six times more than wages
Bank of England figures released today show that unsecured personal debt is 6.5% higher than a year ago Jubilee Debt Campaign has calculated that unsecured personal debt has grown by…
Mozambique files case against Credit Suisse in the UK
Jubilee Debt Campaign has learnt that the government of Mozambique, represented by the Attorney General, has filed a case in the UK High Court against Credit Suisse International. Commenting on…
UK does not lead the world on tackling illicit finance
Commenting ahead of the first meeting of the UK’s new Economic Crime Strategic Board, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “While welcome, today’s focus on economic crime…
Former Credit Suisse bankers arrested in London over $2bn loans to Mozambique
Reacting to the news that three former Credit Suisse bankers have been arrested in London, as part of a US investigation into $2 billion of loans to Mozambique, Tim Jones,…