For more information and interviews contact Jerome Phelps on +44 7307 620372 Ethiopia’s ad hoc bondholder committee has criticised the IMF over the fund’s projections for Ethiopia’s exports and other…
The International Monetary Fund (IMF) and World Bank are two of the biggest development banks in the world. Their lending policies have profound impacts on millions of people in lower…
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…
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…
The G20 have announced that Chad will not be getting any debt relief through their Common Framework for Debt Treatments.[1] The G20 also failed to agree a statement, including making…
Over 100 economists and development experts have called on BlackRock and other creditors to cancel a significant amount of Zambia’s debt. In an open letter released today, the signatories –…
Over the weekend, China, the UK and other government lenders agreed to negotiate a debt restructuring with Zambia. The move was met with headlines such as “China agrees landmark debt…
Anglican Bishops from around the world today united to call on the UK Government to lead the world in compelling lenders to cancel debts that are plunging communities in low…
Ghanaian civil society organisations have called for Ghana’s debt to be cancelled, rather than an IMF loan bailing out private lenders.[1] In a statement released today they say any IMF…
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…
