Sierra Leone debt creeping up
Sierra Leone’s government external debt payments are increasing. The IMF estimates they will account for between 7 and 9 per cent of government revenue between 2012 and 2017; $30 million…
Two-thirds of Guinea’s debt to be cancelled
The International Monetary Fund and World Bank have announced that the West African country of Guinea will get $2.1 billion of debt cancelled. This amounts to around two-thirds of the…
Egypt blog 4: A Middle East Beanfeast
Another reason why Egypt shouldn’t be paying its odious Mubarak-era debt was highlighted by a teachers’ protest yesterday against the appalling under-investment in education here. While there is a theoretical…
Egypt blog 3: Who will pay the price?
Spent the day at the brilliant conference which looked at ‘who will pay the price’ for decisions to pay Mubarak’s debt and take Egypt down the so-called ‘free market’ economic…
Egypt blog 2: What should Egypt ‘swap’ for Mubarak’s debts?
Today we’re taking part in a conference organised by activists from the Drop Egypt’s Debt Campaign, a campaign which is rapidly growing in profile. The campaign has just issued a…
Egypt blog 1: You Do Have A Choice
It’s an appropriate time for a group of debt campaigners to arrive in Egypt – the headlines are dominated by a potential loan from the International Monetary Fund (IMF) for…
Impact of debt relief in Bolivia
A new report has found social and economic improvements in Bolivia since debt cancellation in 2005, but other factors are also responsible. Fundación Jubileo (Jubilee Bolivia) have released research on…
Belize misses interest payment
Belize has effectively defaulted on its debt, having missed a $23 million interest payment due on 20 August. Creditors are refusing a restructuring offer from one of the most heavily indebted…
Tunisian government to audit debts
Investigation to find if loans were stolen and taken out of country. Tunisian President Moncef Marzouki has announced his government plans to audit debts it owes, with the intention of…
IMF negotiating loan with Egypt
Protests against conditions and usury. The Egyptian government has announced it is in negotiations with the IMF on a $4.8 billion loan. The loan is likely to be disbursed over…
