Lenders drive Argentina into a debt default
Argentina is expected to formally default today after the 30-day grace period on a bond payment expires. Commenting on the default, Sarah-Jayne Clifton, Director of Jubilee Debt Campaign said: “Argentina…
Response to the IMF response on bailing out reckless lenders
The International Monetary Fund (IMF) has publicly responded to our research, launched yesterday with 34 other civil society organisations, that $93 billion of IMF loans are being used to bail…
The IMF is spending $93 billion bailing out reckless lenders
New research by the Jubilee Debt Campaign indicates a major breach by the IMF of its own policies, with $93 billion of lending to highly indebted countries, without any debt…
Argentina debt crisis inevitable failure of IMF bailout
IMF broke own rules to agree loans last year without a debt restructuring taking place By bailing out reckless lenders, the IMF repeats the same mistakes it made in Greece…
Argentina is facing record debt and is on the road to hell. There is only one way out.
The legitimacy of the debt must be challenged and proposals for a public debt audit resuscitated. Dan Ozarow is Chair of Jubilee Debt Campaign’s Academic Advisory Network and member of Action…