Mozambique’s secret loans: Protecting the unconstitutional
A Mozambican parliamentary Commission on 7 December submitted a devastating report on the $2 billion in secret loans originally given or arranged by the London branches of Credit Suisse and…
World Bank broke its own rules over high-interest loans to Ghana
Lender accused of guaranteeing profits for speculators The World Bank has been accused of helping to fuel a new debt crisis in Ghana after it was revealed it has broken…
Campaigners in Mozambique call for non-payment of hidden debts
A group of 26 organisations in Mozambique have asserted that the $1.86 billion of the country’s debts at the centre of a growing international controversy were contracted illegally and should…
Campaigners criticise Credit Suisse for helping to hide Mozambique loan
Over recent days it has come to light that Credit Suisse and VTB lent around $1.35 billion to Mozambique, but the government and the lenders hid this from any public…
Uganda road project cancelled but debt remains
In January the World Bank cancelled a road building project in Uganda after “multiple failures … on the part of the World Bank, the government of Uganda, and a government…
£139 million of ‘made-up money’ to count as UK aid
Debt deal with Cuba includes cancelling late interest calculated with huge 11% interest rate £139 million of ‘made-up money’ will count as UK aid and contribute towards meeting the UK…
Jubilee’s message of support to the Greek Debt Truth Committee
Jubilee Debt Campaign’s co-chair, Roger Chisnall, was in Athens this week for the launch of the preliminary findings of the Greek Truth Committee on Public Debt in the Greek Parliament.…
UK backs loans for arms sales as report shows 75% of debt illegitimate
In a report released today, the UK government has revealed it guaranteed £132 million of loans to the Indonesian government for arms sales in the last year, along with further…
Greece parliamentary audit shows debt is illegitimate
Commenting on the release of the Executive Summary of the Greek Debt Truth Committee, established by the Greek parliament, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “The initial…
Argentina passes law to establish debt audit commission
Argentina has legislated to create a commission to investigate the origin of the country’s debt, dating back to the military dictatorship of 1976 to 1983. The law states that once…
