Ghana@60: Independent and in debt
This short educational resource (12 pages) explains why Ghana is back in a debt crisis a decade after debt relief, and what options the country has now. A new debt crisis…
Mozambican campaigners demand cancellation of secret debt before the IMF lends again
Update 26 April: The Managing Director of the IMF Christine Lagarde has responded to this statement here Campaigners in Mozambique have called for secret debts to be cancelled before the…
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…
Campaigners call for transparency from Gambia’s lenders
• Comment on revelation that Gambia’s debt is $1 billion The Gambian government have said that former President Yahya Jammeh stole at least $50 million, and left the government with a…
IMF refuse to cancel Haiti debt as hurricane not ‘catastrophic’
The damage caused by Hurricane Matthew in October has led the IMF and World Bank to assess Haiti as being at high risk of not being able to pay its…
Russia suing Ukraine in London shows failure of global debt rules
Russia’s case against Ukraine for repayment of a $3 billion loan will begin in London on Tuesday 17 January. Commenting ahead of the case, Sarah-Jayne Clifton, Director of the Jubilee…
Mozambique’s secret loans: Protecting the unconstitutional
A Mozambican parliamentary Commission on 7 December submitted a devastating report on the $2 billion in secret loans originally given or arranged by the London branches of Credit Suisse and…
Campaigners welcome Obama call for Greece debt relief
• ‘Meaningful’ debt cancellation must include IMF debts Commenting ahead of President Obama’s visit to Greece on Tuesday, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “President Obama is…
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…
World Bank misleads while guaranteeing speculators profit
World Bank admits to breaking rules to guarantee high interest Ghana debt, but misleads in attempt to justify the decision.
