‘Outrageous’ Mozambique debt deal could make 270% profit for speculators
• People of Mozambique to pay $1.7 billion to $2.2 billion on original loan of $760 million, which was not agreed by Mozambique parliament, and which has been of no…
O negócio “ultrajante” da dívida de Moçambique pode gerar lucro de 270% aos especuladores
• O povo moçambicano poderá pagar entre US$ 1,7 bilhão a US$ 2,2 bilhões por um empréstimo original de US $ 800 milhões, sem o escrutínio da Assembleia da República,…
Chad at high risk of another debt default after restructuring
• Restructuring of Glencore loans reduces interest rates and extends maturity by four years • IMF accepts minimum needed to make debt ‘sustainable’, while country remains at high risk of…
Global South debt crisis worsens as interest rates rise and currencies fall
Currencies fall by average of 9% against the dollar in 2018 Future borrowing costs up 1.4 percentage points Future borrowing costs for many global South governments have continued to rise,…
Pakistan needs debt relief, not another failed IMF bailout
Commenting on the news that Pakistan is to request a $7 billion bailout from the IMF, Tim Jones, economist at the Jubilee Debt Campaign said: “Pakistan has received IMF bailout…
African governments’ debt payments double in just two years
• Debt problems on the African continent are increasing, with external government debt payments doubling in two years • The private sector is the largest source of loans, accounting for…
Event on anniversary of Birmingham protest calls for action on unjust debt
Photo opportunity: 100 people unfurling banner saying ‘Break the chains of debt’ in Birmingham Cathedral grounds, Colmore Row, Birmingham B3 2QB from 14:15 to 14:45 on Saturday 29 September. On…
Ukraine’s ‘odious debt’ defence of $3bn Russian default goes to UK court
The English Court of Appeal has overturned a previous ruling and said that Ukraine’s “duress” defence of its non-payment of a $3 billion debt to Russia can go to a…
Bank of England interest rate hike will push up unjust debt payments
Responding to the decision by the Bank of England to raise its’ base rate from 0.5% to 0.75%, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “Poor wage growth…
EVENT: 20 years of the Debt Justice movement
Celebrate with us in Birmingham on Saturday 29 September Join us for a day of remembering the successes of the debt justice movement over the last twenty years and learn…
