Ukraine to suspend foreign debt repayments
Press reaction 20 July 2022 For more information and interviews contact Jerome Phelps on +44 (0) 7906 813716 Ukraine is today expected to take the first step towards defaulting on…
Ghana needs debt cancellation, not private lender bailout
Ghanaian civil society organisations have called for Ghana’s debt to be cancelled, rather than an IMF loan bailing out private lenders.[1] In a statement released today they say any IMF…
African governments owe three times more debt to private lenders than China
African governments owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest, according to research released today by…
Countries in debt crisis cut public spending in face of soaring prices
New figures released today by anti-poverty campaigners Debt Justice show that countries in debt crisis are expected to spend less in 2023 than in 2019, despite the urgent need for…
Press Comment: Energy bill support welcome but not enough to tackle UK household debt crisis
Responding to the latest energy bill support package announced by the government today, Heidi Chow, Executive Director at Debt Justice (formerly Jubilee Debt Campaign) said: “The government has finally seen…
Reaction: G7 should tackle private lenders rather than blame China
Reacting to the G7 Finance Ministers statement released today at the end of their summit[1], Tim Jones, Head of Policy at Debt Justice said: “To tackle the debt crisis in…
UK development strategy will intensify debt crisis in lower income countries
Commenting on today’s launch of the UK government’s International Development Strategy, Heidi Chow, Executive Director of Debt Justice said: “Many lower income countries are already in a full-blown debt crisis,…
Rowan Williams joins campaign for Debt Justice
Jubilee Debt Campaign is today relaunching as Debt Justice to continue its work to build power in the hands of people to end unjust debt and demand a fair economy.…
G7 responsible for over half of lower income country debt payments
New calculations released by anti-poverty campaigners Debt Justice today show that G7 countries are responsible for 51% of external debt payments by lower income countries. On the same basis, China…
Flagship lending transparency scheme gets information from just two banks
Only two banks have disclosed any information through the flagship lending transparency scheme of the Institute of International Finance (IIF) and Organisation for Economic Co-operation and Development (OECD). Banks first…
