UK backs loans for arms sales as report shows 75% of debt illegitimate
In a report released today, the UK government has revealed it guaranteed £132 million of loans to the Indonesian government for arms sales in the last year, along with further…
Greece parliamentary audit shows debt is illegitimate
Commenting on the release of the Executive Summary of the Greek Debt Truth Committee, established by the Greek parliament, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “The initial…
Ten years since historic debt cancellation agreement, new crises threaten Africa
Lending levels to the most impoverished countries in the world have tripled, ten years after the G7 finance ministers agreed a debt cancellation deal for low income countries, potentially setting…
Drop Nepal’s debt, say anti-poverty groups
Quake-stricken nation due to make debt payments despite continuing crisis Jubilee Debt Campaign has joined a call by more than 30 organisations across Asia for Nepal to receive immediate and…
Boom in lending to impoverished countries threatens ‘Greece style’ debt crisis
Figures calculated by the Jubilee Debt Campaign, based on recently released data from the World Bank, show that loans to impoverished country governments have increased by 40% in just one…
Greek deal leaves debt burden unaddressed
Commenting on Eurogroup approval of the four-month Greek bail-out extension, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: [...]
Welcome for Ebola debt relief, but warning over impact of new loans
Reacting to the announcement by the IMF that it will cancel almost $100 million of debt owed by Guinea, Liberia and Sierra Leone, whilst lending $160 million in new loans,…
George Osborne should support a package of debt cancellation for Greece
Commenting on the meeting between Greece’s Finance Minister Yanis Varoufakis with Britain’s George Osborne this morning, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “Greece’s debt comes from loans…
At least 90% of the Greek bailout has paid off reckless lenders
New analysis of IMF figures, released by the Jubilee Debt Campaign, show that almost all of the money lent by the IMF, European governments and the European Central Bank to…
Battle over whether G20 ‘deal’ will leave Ebola countries more indebted
• Campaigners call for debt relief not more loans as WHO admits off-track in bringing the disease under control • Over two weeks have passed since G20 $300 million pledge…
