Mozambique needs urgent action on debt crisis following Cyclone Idai
Cyclone Idai has caused huge destruction and loss of life in Mozambique, Malawi and Zimbabwe. The true extent of the disaster is not yet known. Below are reactions from partner…
Mozambique files case against Credit Suisse in the UK
Jubilee Debt Campaign has learnt that the government of Mozambique, represented by the Attorney General, has filed a case in the UK High Court against Credit Suisse International. Commenting on…
Can Mozambique declare the $2 billion secret debts illegal?
In recent weeks there have been several arrests in Mozambique connected to the $2 billion secret loan scandal. This could indicate that the Mozambique government is now more willing to…
UK does not lead the world on tackling illicit finance
Commenting ahead of the first meeting of the UK’s new Economic Crime Strategic Board, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “While welcome, today’s focus on economic crime…
Former Credit Suisse bankers arrested in London over $2bn loans to Mozambique
Reacting to the news that three former Credit Suisse bankers have been arrested in London, as part of a US investigation into $2 billion of loans to Mozambique, Tim Jones,…
Developing county borrowing costs increase 7 times more than US in past year
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…
Vulture funds and governments seek profit from Sudan debt relief
Today the Financial Times has reported that a group of vulture funds have hired lawyer Lee Buchheit to argue for debt relief for Sudan. They hope that if the North…
The New Debt Crisis in Southern Africa: Angola, Zambia and Zimbabwe
This is a guest post by Sunit Bagree, Senior Campaigns Officer, Action for Southern Africa (ACTSA), based on a talk given at the Jubilee Debt Campaign event ‘Breaking the chains: 1998…
Mozambique campaigners launch scathing criticism of UK regulator
Leading civil society organisations in Mozambique have launched a scathing attack on the UK’s Financial Conduct Authority for dropping its criminal investigation into Credit Suisse over secret loans given in…
FCA decision to drop Mozambique investigation ‘deeply disappointing’
Reacting to reports that the UK’s Financial Conduct Authority has dropped its criminal investigation into Credit Suisse’s loans to Mozambique, Tim Jones, policy officer at the Jubilee Debt Campaign said:…