Zambia’s debt default
Private lenders rejected Zambia’s request for a debt payment suspension last week, plunging the country into default. How did we get here, what does that mean for the people of Zambia and what does it mean…
The G20’s debt deal: Letting private lenders off the hook again
Debtor countries told to “seek” debt restructuring from private lenders, but G20 give them no help to do so G20 don’t say what should happen when private lenders say “no”…
Reaction to G20 Common Framework for debt treatments
Today the G20 announced a ‘Common Framework for debt treatments’. Campaigners had hoped it would provide a mechanism for permanent solutions to debt crises, which it has failed to do.…
Zambia’s lenders should accept large debt write-down
Zambia, which spends four times more on external debt payments than public healthcare, could default on 14th November If paid in full, some bondholders could make 250% profit Jubilee Debt…
Zambia edges towards debt default, but bondholders could make millions
• Zambia spends four times more on external debt payments than public healthcare • Real public spending per person has fallen by 18% in recent years, as the debt crisis…
Reaction to G20 debt suspension and ‘common framework’
Jubilee Debt Campaign says failure to cancel debt and include private creditors shows disregard for scale of global South debt crisis which will leave poor countries paying $3 billion a…
Under the radar: Private sector debt and coronavirus in developing countries
In the global south, coronavirus is leaving a trail of devastation – from widespread loss of life from the virus itself, to huge economic disruption that has left hundreds of millions…
Rise in value of IMF’s gold could help fund developing country debt cancellation
Press release for immediate release 12 October 2020 Profit from selling less than 7% of the IMF’s gold could fund cancellation of all debt payments by the poorest countries to the…
Position on Migration and Asylum
Debt Justice (formerly Jubilee Debt Campaign) works to tackle poverty caused by unjust debt through education, research and campaigning. The lack of safe and legal routes into the UK and the…
EVENT: Join the virtual MP lobby 2020
Lobby your MP to stop poorer countries being faced with an impossible choice: saving lives or repaying debt. Join our virtual MP Lobby The coronavirus pandemic has turned our world…
