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…
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…
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…
Former Credit Suisse banker pleads guilty over Mozambique loans
Former Credit Suisse banker Andrew Pearse has pleaded guilty to taking millions of dollars in kickbacks on three loans he helped arrange to three state–owned companies in Mozambique. The loans…
One Mozambique loan declared illegal, but speculators set to make 240% profit
Introduction A fortnight ago in a major victory for our allies The Mozambique Budget Monitoring Forum (FMO), a network of 21 civil society organisations, the Mozambique Constitutional Council ruled one…
Over fifty UK MPs write to the Chancellor calling for greater loan transparency
MPs from every party in the UK parliament have signed a letter to the Chancellor calling for regulations to ensure loans to governments are publicly disclosed when they are given…
Mozambique needs urgent action on debt crisis following Cyclone Idai
Cyclone Idai has caused huge destruction and loss of life in Mozambique, Malawi and Zimbabwe. The true extent of the disaster is not yet known. Below are reactions from partner…
Mozambique files case against Credit Suisse in the UK
Jubilee Debt Campaign has learnt that the government of Mozambique, represented by the Attorney General, has filed a case in the UK High Court against Credit Suisse International. Commenting on…
