UN votes for rules to stop vulture funds
The United Nations General Assembly has passed a resolution to create new legal rules to stop financial speculators like vulture funds from undermining debt restructurings. The motion, passed by 124…
Ghana in talks with IMF as debt problems deepen
Ghana is to hold negotiations with the IMF in September on a new loan programme following a fall in the currency which has increased the level of debt payments. Under…
Unfair debt deal agreed for Argentina
The Paris Club group of rich countries has announced it has reached an agreement for Argentina to begin repaying up to $9.7 billion, double the size of the original debt.…
Global Jubilee representatives meet Pope Francis
Members of the global jubilee movement this week met the Pope and senior Cardinals. Representatives of the African Forum and Network on Debt and Development (Afrodad), the Caribbean Debt Network,…
Rowan Williams calls for money lenders to be held responsible
Rowan Williams has criticised a “great deal” of lending by banks and other institutions for being unethical, both in the UK and across the world. Dr Williams was speaking at…
Caribbean nations join together to push for debt cancellation
Caribbean nations have publicly called for debt cancellation for the region. This week, the Heads of Government of the Caribbean Community (CARICOM) called for “reparations for native genocide and slavery”.…
Chancellor ignores Jubilee for Justice demands
In September 2013, we handed in a petition from over 10,000 people calling for a Jubilee for Justice: – Cancellation of unjust debts – Just and progressive taxation – Controls…
Scottish government makes debt relief top priority
The Scottish government have signalled that they would take action to deal with unjust debts inherited from the UK, if there is a yes vote in 2014’s independence referendum. The…
Grenada takes brave stand for debt justice
The tiny Caribbean island of Grenada, population 100,000, has stopped paying its £560 million debt. On Saturday, as the IMF and World Bank annual meetings got underway in Washington DC,…
Leaked IMF documents show global opposition to lender’s bank bailout
Leaked minutes of IMF meetings in 2010 show that Argentina, Brazil, India, Russia and Switzerland all argued that some Greek debt owed to private banks should be cancelled before any…
