Banks, hedge funds and asset managers have been lobbying vigorously against proposals to ensure private lenders take part in debt relief. They are using exactly the same arguments as 15…
Reacting to the G20 leader’s statement section on debt in low- and middle-income countries[1], Tim Jones, Head of Policy at Debt Justice said: “A tidal wave of debt crises is…
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…
New analysis by Debt Justice finds that average interest rates on new borrowing by lower income countries have increased by 5.7 percentage points this year, almost three times the rate…
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…
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…
Reacting to the G7 Finance Ministers statement released today at the end of their summit[1], Tim Jones, Head of Policy at Debt Justice said: “To tackle the debt crisis in…
Commenting on today’s launch of the UK government’s International Development Strategy, Heidi Chow, Executive Director of Debt Justice said: “Many lower income countries are already in a full-blown debt crisis,…