Indonesians paying £20 million for weapons used in repression
By 1 December 2012, the Indonesian people are due to pay the UK government £27 million. Of this, £20 million is for arms sales to past dictator General Suharto. In…
States of Jersey legislate against vulture funds
The parliament of Jersey, known as the States, has today passed legislation to limit the ability of vulture funds to sue some of the world’s most impoverished countries in the…
Crown dependencies introducing vulture fund bills
The parliaments of Jersey, Guernsey and the Isle of Man are all discussing legislation to prevent vulture funds suing Heavily Indebted Poor Countries for inflated claims on old debts. Laws…
Sierra Leone debt creeping up
Sierra Leone’s government external debt payments are increasing. The IMF estimates they will account for between 7 and 9 per cent of government revenue between 2012 and 2017; $30 million…
Two-thirds of Guinea’s debt to be cancelled
The International Monetary Fund and World Bank have announced that the West African country of Guinea will get $2.1 billion of debt cancelled. This amounts to around two-thirds of the…
Impact of debt relief in Bolivia
A new report has found social and economic improvements in Bolivia since debt cancellation in 2005, but other factors are also responsible. Fundación Jubileo (Jubilee Bolivia) have released research on…
Launch of ‘Jubilee for Justice’ call
Global poverty campaigners have called on the public to remember the original meaning of Jubilee during this weekend’s diamond jubilee celebrations, as they launch a new petition to the Prime…
Debt threat returns in developing world
Call for ‘new jubilee’ as financial crisis and ballooning private debt create new vulnerability in impoverished countries
Ministers planning to massage aid figures when cancelling unjust debt
UK ministers are planning to use cancellation of a made-up debt to help meet their overseas aid target. Sudan currently ‘owes’ £678 million ($1bn) to the UK, and might qualify…
Jubilee campaign calls for European debt cancellation
Jubilee Debt Campaign today called for a cancellation of many of the debts owed between European countries. They urged Europe’s leaders to combine this with market regulation to prevent debt…