NEW BRIEFING: 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…
DEADLINE EXTENDED Artist call-out
Debt Justice is looking to commission up to ten new pieces of visual and/orperformance art for an exhibition exploring the links between debt and colonialism, with some works also addressing…
Event: 70th Anniversary of Germany’s debt cancellation
Debt Cancellation: Who calls the shots?27 February, 19:00 GMT Is debt cancellation realistic? With multiple crises happening around the world – climate, pandemics, and recessions- debt cancellation seems like an…
Reaction to G20 statement on debt
Reacting to the G20 leader’s statement section on debt in low- and middle-income countries[1], Tim Jones, Head of Policy at Debt Justice said: “A tidal wave of debt crises is…
Reaction to UK suspension of loan payments in response to climate extreme events
Today the UK government has announced that new lending UK Export Finance makes to low-income countries and small island states will include clauses to defer payments when countries are hit…
300 organisations demand debt cancellation
300 organisations from 56 countries demand debt cancellation for developing countries, as IMF and World Bank meetings take place in Washington Demonstrations will take place across the world to coincide…
Lower income country borrowing costs rise at three times the rate of the US
New analysis by Debt Justice finds that average interest rates on new borrowing by lower income countries have increased by 5.7 percentage points this year, almost three times the rate…
Over 100 experts call on BlackRock to cancel Zambia’s debt
Over 100 economists and development experts have called on BlackRock and other creditors to cancel a significant amount of Zambia’s debt. In an open letter released today, the signatories –…
Reaction to IMF call for $8.4bn of Zambia debt payments to be cancelled
The IMF has released its Debt Sustainability Assessment for Zambia.[1] The documents say that $8.4 billion of debt payments needs to be cancelled by government and external private creditors between…
