Responding to reports that Sri Lanka’s bondholders have rejected a restructuring proposal, Heidi Chow, Executive Director of Debt Justice said: “Once again banks, asset managers and hedge funds are refusing…
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…
Debt Cancellation: Who calls the shots?27 February, 19:00 GMT Is debt cancellation realistic? With multiple crises happening around the world – climate, pandemics, and recessions- debt cancellation seems like an…
182 economists and development experts have called for debt cancellation for Sri Lanka to help it out of its current economic crisis. In a statement released today, the signatories –…
Behind the food and fuel shortages causing Sri Lanka’s protests lie unmanageable debts to the West. The only answer to worsening humanitarian catastrophe is an immediate write-off. This article first…
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…
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.…
