Bondholders could make $30 billion profit by refusing to cancel debts
The big finance firms that own the debts of five countries in a debt crisis are set to collectively make $20-$30 billion of profit if they refuse to cancel debt…
G20 initiative leads to less than a quarter of debt payments being suspended
Lower income countries which applied for scheme have spent $36.4 billion on external debt payments during the pandemic, and had just $10.9 billion suspended or cancelled Private creditors received the…
Private lenders main recipients of debt payments from crisis countries
Chad, Ethiopia and Zambia considering debt restructuring: 53% of their debt payments are to private lenders Legislation to be introduced in New York to make restructuring private debt easier In…
Developing county borrowing costs increase 7 times more than US in past year
Interest rates on new developing country borrowing increased by an average of 2.2 percentage points over the course of 2018. Yields on low- and lower-middle income country debt, calculated by…
Global debt crises and threats increase across the world
Twenty-seven countries across the world are in debt crisis, with a further 80 at risk of being so, according to new figures released for World Debt Day on 16 May.…
Trump win pushes up future interest costs for African governments
Yields on African countries’ debts have increased by more than for countries such as the US and UK Calculations by the Jubilee Debt Campaign have shown that the future borrowing…
