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…
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…
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…
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 admits to breaking rules to guarantee high interest Ghana debt, but misleads in attempt to justify the decision.
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…
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…
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…
Proposed cap will lead to Greece having debt payments ten times higher than Germany paid after 1953 debt cancellation.
The deal signed last July will see Greece lent more money, primarily to meet its debt payments, while even more austerity and privatisation are forced on it.
