Reaction to G20 statement on debt
Reacting to the G20 leader’s statement section on debt in low- and middle-income countries[1], Tim Jones, Head of Policy at Debt Justice said: “A tidal wave of debt crises is…
Reaction to UK suspension of loan payments in response to climate extreme events
Today the UK government has announced that new lending UK Export Finance makes to low-income countries and small island states will include clauses to defer payments when countries are hit…
Media briefing: Key statistics on climate change and debt ahead of COP27
For questions and interviews on the links between debt and climate change please contact: Tim Jones, Debt Justice: +44 7307 620372 [email protected] Dharini Parthasarathy, Climate Action Network: [email protected] The debt…
Cancel the debt for climate justice
As world leaders meet in Egypt for the COP27 climate conference – we all know how much is at stake. But for many lower income countries, dealing with the worst…
NEW BRIEFING: Why climate justice must include debt justice
This joint paper pulls together key information on the debt and climate crisis nexus, and outlines policy positions on solutions with recommendations for decision-makers to act. Alongside Climate Action Network…
The climate crisis could increase African country debts by $1 trillion
Sub-Saharan African countries will have to take on almost $1 trillion in debt over the next ten years unless wealthy countries provide adequate finance to address the climate crisis, according…
Reaction to no debt relief for Chad, and lack of action on debt at IMF Meetings
The G20 have announced that Chad will not be getting any debt relief through their Common Framework for Debt Treatments.[1] The G20 also failed to agree a statement, including making…
300 organisations demand debt cancellation
300 organisations from 56 countries demand debt cancellation for developing countries, as IMF and World Bank meetings take place in Washington Demonstrations will take place across the world to coincide…
Lower income country borrowing costs rise at three times the rate of the US
New analysis by Debt Justice finds that average interest rates on new borrowing by lower income countries have increased by 5.7 percentage points this year, almost three times the rate…
The energy crisis is forcing families into record debt
As the colder months draw in, our cost of living crisis shows no signs of abating, with inflation continuing to rise much faster than wages and benefits. That’s little surprise…
