Poor countries cut public spending, debt payments treble
Figures calculated by Jubilee Debt Campaign from IMF and World Bank data show that growing debt burdens are contributing to public spending cuts For the 15 countries spending over 18%…
The increasing global South debt crisis and cuts in public spending
In this 11-page briefing we analyse how the debt payments of 63 countries in the global South have increased and are projected to increase. We also look at how public…
Crisis deepens as global South debt payments increase by 85%
External debt payments by developing country governments grew by 85%, as a proportion of government revenue, between 2010 and 2018 For the countries with the highest payments, in two-thirds public…
European Parliament demands action as debt crises hit global South
• EU must commit to more responsible lending says European Parliament report. • Member States must also act on 2015 UN resolution to establish a multilateral legal framework for sovereign…
Global South debt payments increase almost 50% in two years
• Government external debt payments reach highest level in the last decade following commodity price falls and rising value of the US dollar • Figures released before US Federal Reserve…
Collapse in commodity prices leads to $61 billion funding gap for impoverished countries
Amount is $13 billion more than countries studied receive in aid each year Impoverished country governments could be up-to $61 billion worse off in 2016 as a result of the…
The new debt trap: How the response to the last global financial crisis has laid the ground for the next
Executive summary also available in French and Portuguese (8 pages). This report (40 pages) and its executive summary (8 pages) investigates the debts owed by countries as a whole – both…
Rebuilding Nepal must not leave it more indebted
Ahead of a donor conference in Kathmandu on Thursday 25 June, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “Nepal urgently needs funds for reconstruction. One of the fastest…
Break of debt pledge stops development goals from being met
Several developing countries, including Jamaica, El Salvador and Pakistan, are failing to meet international development goals after rich countries reneged on a pledge to deal with their debts. Moreover, unjust…
Generating Terror
Jubilee Debt Campaign’s new report examines the way that western-backed institutions, such as the World Bank, supported the government of Guatemala as it terrorised its own people in the late…
