Ghana bondholders must cut debt by 50% to match UK and China debt relief
Ghana’s bondholders must cut debt payments by 50% if they are to match the terms agreed by governmental creditors such as China and the UK. New figures released today by…
BlackRock – Cancel the Debt!
One of Ghana’s biggest lenders, BlackRock, is refusing to play ball in debt negotiations. Instead of agreeing to cancel Ghana’s debt – a country which is facing the ‘worst economic…
Online Event: Debt, colonialism and power
Both Ghana and Sri Lanka’s debt deals have collapsed in recent weeks, undermined by greedy private lenders who are refusing to cancel unjust debt. We’re facing the worst global debt crisis…
IMF and World Bank meetings spark global protests for debt cancellation
The International Monetary Fund (IMF) and World Bank are two of the biggest development banks in the world. Their lending policies have profound impacts on millions of people in lower…
Private lenders reject Ghana debt relief deal
Reacting to the news that Ghana’s bondholders have rejected a restructuring proposal, Bernard Anaba, Public Policy Specialist at the Integrated Social Development Centre (ISODEC) in Ghana said: “The breakdown in…
Reaction to debt relief deal for Ghana
For more information and interviews contact Jerome Phelps on +44 7307 620372 The Ghanaian government has reported that Ghana’s official creditor committee has reached a deal to restructure the country’s…
Stop cowboy lenders and end the global debt crisis
This year Pakistan will spend over $20 billion on debt payments to big banks and hedge funds. Right now, the country is struggling to rebuild after horrendous flooding last year,…
Ghana needs debt cancellation, not private lender bailout
Ghanaian civil society organisations have called for Ghana’s debt to be cancelled, rather than an IMF loan bailing out private lenders.[1] In a statement released today they say any IMF…
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…
