The climate crisis is intensifying across lower-income countries. From severe droughts and flooding in Zambia to intensifying hurricanes across the Caribbean, the communities least responsible are bearing the brunt of…
Last month there were huge protests against tax rises in Kenya. The tax increases, including sales tax on essentials such as bread and cooking oil, were proposed in response to…
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…
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…
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…
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…
Eighteen organisations from the UK and Global South have written to British Minister for International Development Justine Greening calling for support for a range of measures to prevent debt crises…
Rowan Williams has criticised a “great deal” of lending by banks and other institutions for being unethical, both in the UK and across the world. Dr Williams was speaking at…
The Scottish government have signalled that they would take action to deal with unjust debts inherited from the UK, if there is a yes vote in 2014’s independence referendum. The…
Business Minister Vince Cable has refused to respond to concerns raised by the Kenyan Debt Relief Network (KENDREN) about the legitimacy of Kenya’s debt to the UK. Kiama Kaara, Senior…
