Reaction to debt relief deal for Ghana
For more information and interviews contact Jerome Phelps on +44 7307 620372 The Ghanaian government has reported that Ghana’s official creditor committee has reached a deal to restructure the country’s…
New tree to commemorate the Birmingham Human Chain
Immediate release BIRMINGHAM ACTIVISTS TO PLANT TREE TO REMEMBER THE CITY’S CONTRIBUTION TO GLOBAL DEBT JUSTICE PHOTOS OF THE HUMAN CHAIN CAN BE FOUND HERE LINK Contact Heidi Chow for…
Yanis Varoufakis, Thomas Picketty, Vanessa Nakate, and leading experts call for debt cancellation at COP28
For more information and interviews contact Jerome Phelps on +44 7307 620372 More than 550 economists, development and climate experts including leading economists Yanis Varoufakis, Thomas Picketty, Jayati Ghosh, Ann…
NEW REPORT: The colonial roots of global south debt
This report exposes how current global south debt is both a colonial legacy, and a neo-colonial tool used by global north governments, institutions and corporations to plunder the wealth of,…
Lower-income countries have paid out $2.7 trillion in interest payments since 1970
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…
Governments demand banks and hedge funds cancel more of Zambia’s debt
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…
IMF and governments express reservations about Zambia debt deal which will pay bondholders a third more than governments
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…
Rising debt locks global south countries in fossil fuel production
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…
The Debt-Fossil Fuel Trap
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…
Private lenders: Why their arguments against a new law don’t stack up
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…
