Davos and the debt billionaires
As the super-rich gather at the World Economic Forum (WEF) in Davos this week, some of the wealthiest bosses of the biggest private lenders to countries in debt crisis will be meeting…
Private lenders to make $14 billion profit after debt relief deals
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…
The climate crisis is heating up, here’s why we can’t solve it without dealing with the debt crisis
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…
BlackRock – Cancel the Debt!
One of Ghana’s biggest lenders, BlackRock, is refusing to play ball in debt negotiations. Instead of agreeing to cancel Ghana’s debt – a country which is facing the ‘worst economic…
Online Event: Debt, colonialism and power
Both Ghana and Sri Lanka’s debt deals have collapsed in recent weeks, undermined by greedy private lenders who are refusing to cancel unjust debt. We’re facing the worst global debt crisis…
Debt cancellation deal for Zambia!
For nearly four years, Zambia has been stuck in negotiations to bring down debt levels that have destroyed the country’s economy. Finally, this week we learnt the groundbreaking news that…
Zambia’s (almost) debt deal
The Zambian debt crisis has had a huge impact on people right across the country. The ensuing cuts in spending on healthcare and education have been intensely felt by communities…
Governments demand banks and hedge funds cancel more of Zambia’s debt
When Zambia reached a deal with its private lenders on 26 October, some celebrated it as the end of three years of stalemate since the country became the first to…
IMF and governments express reservations about Zambia debt deal which will pay bondholders a third more than governments
Bondholders will be repaid a third more than government creditors including China and the UK under the restructuring deal agreed with Zambia, even though they lent at higher interest rates…