Zambia’s lenders should accept large debt write-down
Zambia, which spends four times more on external debt payments than public healthcare, could default on 14th November If paid in full, some bondholders could make 250% profit Jubilee Debt…
Zambia edges towards debt default, but bondholders could make millions
• Zambia spends four times more on external debt payments than public healthcare • Real public spending per person has fallen by 18% in recent years, as the debt crisis…
Lenders drive Argentina into a debt default
Argentina is expected to formally default today after the 30-day grace period on a bond payment expires. Commenting on the default, Sarah-Jayne Clifton, Director of Jubilee Debt Campaign said: “Argentina…
Calls grow for debt moratorium for poor countries
African Finance Ministers call for suspension of all interest payments World Bank Head calls for suspension of all interest and principal payments to other governments African Finance Ministers have called…
Mozambique sues in UK to cancel debt in secret loan case
Case brought by the government of Mozambique also seeks damages from Credit Suisse and shipbuilding company Privinvest Credit Suisse given deadline of 21 January to file and serve their defence…
Reaction to Russian bank suing Mozambique in London
Campaigners say people of Mozambique should not have to pay one cent in debt arising from secret loans Reacting to reports that Russian State bank VTB has filed a case…
Sovereign debt crises: Stop bailing out reckless lenders
Briefing available in English, French and Spanish In this briefing 34 civil society organisations set out how IMF loans are used to bail out reckless lenders. They call for the…
The IMF is spending $93 billion bailing out reckless lenders
New research by the Jubilee Debt Campaign indicates a major breach by the IMF of its own policies, with $93 billion of lending to highly indebted countries, without any debt…
Argentina debt crisis inevitable failure of IMF bailout
IMF broke own rules to agree loans last year without a debt restructuring taking place By bailing out reckless lenders, the IMF repeats the same mistakes it made in Greece…
Speculators make 13% despite Ebola crisis in DR Congo
No money paid out from pandemic insurance scheme because Ebola has not crossed into a second country Scheme is the latest to use public money to fund private sector profits…
