US court puts rights of billionaire investors above people of Argentina
Campaigners slam court decision for allowing Argentina to be ‘held to ransom’ by vulture funds.
Ghana debt payments on the rise
Payments could reach 30 per cent of government revenue in 2020s. Ghana has recently been judged by the IMF and World Bank to be at moderate risk of not being…
How the IMF and global finance are trying to block a democratic examination of Tunisia’s debt
One year ago today, a bill to audit the Tunisian public debt was submitted to the Assembly, but this democratic initiative has been blocked by global finance.
Unlocking the chains of debt: A call for debt relief for Pakistan
New government faces crisis as debt payments increase rapidly. Pakistan’s economy has been paralysed by an unpayable and largely unjust debt burden that is preventing the country reaching its poverty…
Egypt groups speak out against IMF loan
Egyptian civil society and political groups have written an open letter to the head of the IMF, Christine Lagarde, and the Egyptian President, to oppose the IMF’s proposed $4.8 billion…
Laos’ ‘debt distress’ eases so will get fewer grants and more loans
The IMF have reclassified the Laos government as being at moderate rather than high risk of not being able to pay external debts. The change is not due to any…
Sierra Leone debt creeping up
Sierra Leone’s government external debt payments are increasing. The IMF estimates they will account for between 7 and 9 per cent of government revenue between 2012 and 2017; $30 million…
Two-thirds of Guinea’s debt to be cancelled
The International Monetary Fund and World Bank have announced that the West African country of Guinea will get $2.1 billion of debt cancelled. This amounts to around two-thirds of the…
Egypt blog 4: A Middle East Beanfeast
Another reason why Egypt shouldn’t be paying its odious Mubarak-era debt was highlighted by a teachers’ protest yesterday against the appalling under-investment in education here. While there is a theoretical…
Egypt blog 3: Who will pay the price?
Spent the day at the brilliant conference which looked at ‘who will pay the price’ for decisions to pay Mubarak’s debt and take Egypt down the so-called ‘free market’ economic…
