Reaction to UK Ofgem announcement of energy debt cancellation
For more information and interviews contact Toby Murray on +44 (0)300 040 0011 Ofgem has announced the first phase of its scheme to address the record £4.4bn energy debt that…
Reaction to no debt relief for Chad, and lack of action on debt at IMF Meetings
The G20 have announced that Chad will not be getting any debt relief through their Common Framework for Debt Treatments.[1] The G20 also failed to agree a statement, including making…
G20 initiative leads to less than a quarter of debt payments being suspended
Lower income countries which applied for scheme have spent $36.4 billion on external debt payments during the pandemic, and had just $10.9 billion suspended or cancelled Private creditors received the…
The New Debt Crisis in Southern Africa: Angola, Zambia and Zimbabwe
This is a guest post by Sunit Bagree, Senior Campaigns Officer, Action for Southern Africa (ACTSA), based on a talk given at the Jubilee Debt Campaign event ‘Breaking the chains: 1998…
Indebted Caribbean islands need urgent debt relief
As the devastation from recent hurricanes in the Caribbean becomes clearer, the calls for debt relief for affected countries grows stronger. In Dominica, 98% of the buildings are damaged, with…
World Bank misleads while guaranteeing speculators profit
World Bank admits to breaking rules to guarantee high interest Ghana debt, but misleads in attempt to justify the decision.
World Bank broke its own rules over high-interest loans to Ghana
Lender accused of guaranteeing profits for speculators The World Bank has been accused of helping to fuel a new debt crisis in Ghana after it was revealed it has broken…
Eurozone ‘debt relief’ proposals for Greece would have little impact
The Eurogroup of Eurozone Finance Ministers has finally agreed to begin discussions on debt relief for Greece. However, initial proposals developed by the European institutions do little to address Greece’s…
Mozambique proposes ‘tuna’ bond restructuring
Proposed terms will cut debt but increase interest rate, leaving Mozambique no better off, despite crash in commodity prices reducing ability to pay Mozambique is trying to restructure the terms…
Debt relief proposals will not benefit Greece for 15 years
Proposed cap will lead to Greece having debt payments ten times higher than Germany paid after 1953 debt cancellation.
