Campaigners criticise IMF cave in over Greek debt
Commenting on the Eurogroup and IMF staff agreement in Brussels early on Wednesday morning, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “IMF staff are proposing to lend more…
Campaigners criticise Credit Suisse for helping to hide Mozambique loan
Over recent days it has come to light that Credit Suisse and VTB lent around $1.35 billion to Mozambique, but the government and the lenders hid this from any public…
Collapse in commodity prices leads to $61 billion funding gap for impoverished countries
Amount is $13 billion more than countries studied receive in aid each year Impoverished country governments could be up-to $61 billion worse off in 2016 as a result of the…
Budget 2016: Concern over switch of UK aid from grants to loans
Information hidden in budget announcements suggest UK government will be giving £3.8 billion of 'aid' money as loans in next four years
Campaigners welcome Mervyn King’s support for Greece debt cancellation
The former Governor of the Bank of England has called for Greece to have a substantial proportion of its debt cancelled.
Debt relief proposals will not benefit Greece for 15 years
Proposed cap will lead to Greece having debt payments ten times higher than Germany paid after 1953 debt cancellation.
£139 million of ‘made-up money’ to count as UK aid
Debt deal with Cuba includes cancelling late interest calculated with huge 11% interest rate £139 million of ‘made-up money’ will count as UK aid and contribute towards meeting the UK…
US interest rate rise could deepen debt crisis in developing countries
Commenting on the increase in US Federal Reserve interest rate, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “The debt problems of many developing countries will worsen as this…
Campaigners warn of ‘debt iceberg’ at Africa private finance summit
Avoid perils of Britain’s PFI say campaigners Campaigners protested outside a conference in London this morning to warn of the dangers to government finances of public-private partnerships. The campaigners placed…
Cameron should apologise when in Jamaica and commit to action
Commenting ahead of UK Prime Minister David Cameron’s visits to Jamaica and Grenada this week, Tim Jones from the Jubilee Debt Campaign, said: “Jamaica has been burdened by an unpayable…
