Lebanon finally defaults, large write-down in debt needed
Jubilee Debt Campaign has been warning of Lebanon’s debt crisis since 2015 Large write-downs in debt will be needed by creditors to enable the country to recover Today Lebanon defaulted…
Developing country debt payments increase by 60% in three years
• Government external debt payments reach highest level since 2004 following lending boom and commodity price falls in recent years • Figures released before US Federal Reserve meeting where further…
Global South debt payments increase almost 50% in two years
• Government external debt payments reach highest level in the last decade following commodity price falls and rising value of the US dollar • Figures released before US Federal Reserve…
