UN votes for rules to stop vulture funds
The United Nations General Assembly has passed a resolution to create new legal rules to stop financial speculators like vulture funds from undermining debt restructurings. The motion, passed by 124…
Developing countries propose new global debt rules
Over 130 developing countries have unanimously submitted a proposal to the United Nations calling for new legal rules to stop predatory financial speculators like vulture funds from undermining debt restructurings.…
Ghana in talks with IMF as debt problems deepen
Ghana is to hold negotiations with the IMF in September on a new loan programme following a fall in the currency which has increased the level of debt payments. Under…
Blog from Jamaica: ‘We are in the same debt trap as the government’
It is 1998, I’m 16 and going on my first large protest. It’s in Birmingham for the Jubilee 2000 demonstration, calling for the G8 group of self-appointed most important countries…
Blog from Grenada: Why the ‘Spice Isle’ has stopped paying its debts
It’s 10:30 at night and I’m trying a short cut through the grounds of an upmarket hotel in Grenada to get to my much cheaper room on the other side.…
Lending boom as IMF and World Bank account for almost half of loans
Figures released by the World Bank have revealed that lending to low income country governments is booming, increasing by 30 per cent in just one year. Almost half of the…
Grenada takes brave stand for debt justice
The tiny Caribbean island of Grenada, population 100,000, has stopped paying its £560 million debt. On Saturday, as the IMF and World Bank annual meetings got underway in Washington DC,…
Leaked IMF documents show global opposition to lender’s bank bailout
Leaked minutes of IMF meetings in 2010 show that Argentina, Brazil, India, Russia and Switzerland all argued that some Greek debt owed to private banks should be cancelled before any…
Add your #NotOurDebt photo for Debt Week 2013
TAKE ACTION: Add your #NotOurDebt photo From 8-15 October, as part of Global Debt Week, we’re calling on people across the world to stand in solidarity against unjust debt. Here’s…
Life and debt: Global studies of debt and resistance
Report investigating the impact of debt and austerity, and campaigns for justice, in Egypt, El Salvador, Greece, Jamaica, Latvia, Pakistan, the Philippines, Portugal and Tunisia. Download Life and debt: Global…
