Ukraine’s ‘odious debt’ defence of $3bn Russian default goes to UK court
The English Court of Appeal has overturned a previous ruling and said that Ukraine’s “duress” defence of its non-payment of a $3 billion debt to Russia can go to a…
Sierra Leone President appeals for help over debt burden
• New President Julius Maada Bio says he has inherited a debt crisis • 73% of Sierra Leone’s debt is owed to multilateral institutions • Jubilee Debt Campaign warned that…
Ghana’s debt situation worsens as lenders continue to be bailed out
• IMF projections for debt, revenue and interest all over-optimistic • But public spending cut by more than initially planned • Debt crisis expected to continue for next twenty years,…
Caribbean churches call for debt relief in response to disasters
• Urgent call for debt relief after one of most devastating hurricane seasons in history • Damage in Dominica from Hurricane Maria estimated at 330% of GDP Representatives of Churches…
Developing country debt payments increase by 60% in three years
• Government external debt payments reach highest level since 2004 following lending boom and commodity price falls in recent years • Figures released before US Federal Reserve meeting where further…
We’re in Mozambique to help tackle the UK’s role in the debt crisis
This week in Mozambique: campaigners and civil society organisations are holding a conference to discuss debt justice, ensure the Mozambique people do not pay for the hidden loans, and to…
African Finance Ministers call for greater transparency of PPPs
Finance Ministers of low income Francophone countries have called for a range of measures to ensure the costs of Public-Private Partnerships (PPPs) are transparent. In a communique at the IMF…
Hidden debts contribute to crisis in Congo
Questions still to be answered about scale of hidden debts and who loans were from Congo and Chad both cannot repay, but negotiations complicated by loans backed by oil The…
The new developing world debt crisis
A new debt crisis has begun in impoverished countries. The UK needs to take responsibility now for the debt contracted under English law. Read the 4 page briefing here. Summary A…
Campaign improves IMF debt assessments, but risk of crises continues to increase
The IMF and World Bank have agreed some positive changes to their system for monitoring debts of impoverished countries, though some large issues have been ignored. The system, known as…
