Global debt crises and threats increase across the world
Twenty-seven countries across the world are in debt crisis, with a further 80 at risk of being so, according to new figures released for World Debt Day on 16 May.…
Global South debt payments increase almost 50% in two years
• Government external debt payments reach highest level in the last decade following commodity price falls and rising value of the US dollar • Figures released before US Federal Reserve…
Campaigners call for transparency from Gambia’s lenders
• Comment on revelation that Gambia’s debt is $1 billion The Gambian government have said that former President Yahya Jammeh stole at least $50 million, and left the government with a…
Campaigners press Credit Suisse on Mozambique
The Mozambique government has said it will not make a $60 million interest payment due on 18 January On 17 January, campaigners from the Jubilee Debt Campaign handed in a…
Russia suing Ukraine in London shows failure of global debt rules
Russia’s case against Ukraine for repayment of a $3 billion loan will begin in London on Tuesday 17 January. Commenting ahead of the case, Sarah-Jayne Clifton, Director of the Jubilee…
Trump win pushes up future interest costs for African governments
Yields on African countries’ debts have increased by more than for countries such as the US and UK Calculations by the Jubilee Debt Campaign have shown that the future borrowing…
Campaigners welcome Obama call for Greece debt relief
• ‘Meaningful’ debt cancellation must include IMF debts Commenting ahead of President Obama’s visit to Greece on Tuesday, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “President Obama is…
Mozambique debt is unpayable and the UK needs to act
Reacting to reports that the government of Mozambique has announced that it cannot pay its private external debt, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “Mozambique’s unpayable debt…
World Bank broke its own rules over high-interest loans to Ghana
Lender accused of guaranteeing profits for speculators The World Bank has been accused of helping to fuel a new debt crisis in Ghana after it was revealed it has broken…
Campaigners in Mozambique call for non-payment of hidden debts
A group of 26 organisations in Mozambique have asserted that the $1.86 billion of the country’s debts at the centre of a growing international controversy were contracted illegally and should…
