New research released today by Debt Justice[1] shows that private lenders will still make $14 billion profit on loans to lower-income countries, even after agreeing limited debt relief.[2] The research…
Ukraine’s lenders have agreed to campaigners’ demands to suspend the country’s debt repayments for around two years. This will free up billions of dollars to enable the Ukrainian people to…
Press reaction 20 July 2022 For more information and interviews contact Jerome Phelps on +44 (0) 7906 813716 Ukraine is today expected to take the first step towards defaulting on…
Ukrainians need resources now. The country needs to get food and medicine to communities living under Russian bombs and siege. It needs to help 6.5 million displaced people get to…
As bombing and shelling ripped through Ukraine’s towns and cities in the first week of the invasion, the Ukrainian government still made a scheduled interest payment to its private lenders…
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…
The English Court of Appeal has overturned a previous ruling and said that Ukraine’s “duress” defence of its non-payment of a $3 billion debt to Russia can go to a…
