Fighting for debt justice in the USA
“There are many actors to blame for American higher education’s cruel debt trap; private banks, college administrators, loan service providers, and state legislatures among them. But the federal government is…
African governments owe three times more debt to private lenders than China
African governments owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest, according to research released today by…
G7 responsible for over half of lower income country debt payments
New calculations released by anti-poverty campaigners Debt Justice today show that G7 countries are responsible for 51% of external debt payments by lower income countries. On the same basis, China…
What we have learned from the US indictment on odious loans to Mozambique
Yesterday three former employees of Credit Suisse were arrested in London over $2 billion of odious loans to three state owned companies in Mozambique, given in 2013. The loans were…
Former Mozambique Finance Minister arrested in relation to $2bn secret loans
Responding to reports that former Mozambique Finance Minister Manuel Chang has been arrested in South Africa in relation to the $2 billion secret debt deals, Tim Jones, policy officer at…
Global debt crises and threats increase across the world
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.…
Trump win pushes up future interest costs for African governments
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…
Campaigners welcome Obama call for Greece debt relief
• ‘Meaningful’ debt cancellation must include IMF debts Commenting ahead of President Obama’s visit to Greece on Tuesday, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “President Obama is…
Campaigners welcome Mervyn King’s support for Greece debt cancellation
The former Governor of the Bank of England has called for Greece to have a substantial proportion of its debt cancelled.
