For more information and interviews contact Jerome Phelps on +44 7307 620372 Lower-income countries have been forced to pay out $2.7 trillion in interest payments to creditors since 1970, according…
When Zambia reached a deal with its private lenders on 26 October, some celebrated it as the end of three years of stalemate since the country became the first to…
Bondholders will be repaid a third more than government creditors including China and the UK under the restructuring deal agreed with Zambia, even though they lent at higher interest rates…
For more information and interviews contact Jerome Phelps on +44 7307 620372 Global south countries are trapped in relying on fossil fuel exploitation to generate revenue to pay debts, according…
This new briefing exposes the debt-fossil fuel trap that many countries in the global south are trapped in and proposes solutions to break this toxic cycle. Published with allies from…
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…
For more information and interviews contact Jerome Phelps on +44 7307 620372 The IMF has agreed to disburse a loan of $3 billion to Pakistan, following other new loans from…
More and more global South and civil society leaders have started calling not just for debt cancellation but for reparations. But what does this mean and what is being called…
Twenty-five years ago today, as a wide-eyed 16 year old, I went on my first ever protest. Travelling to Birmingham with a group from my church, we joined 70,000 others…
This year Pakistan will spend over $20 billion on debt payments to big banks and hedge funds. Right now, the country is struggling to rebuild after horrendous flooding last year,…
