Thin cut to debt leaves Grenada caught out
Deal with private lenders will only reduce debt by 20%. Grenada has reached a deal with private bondholders to reduce debt owed to them by up to half over the…
IMF has made €2.5 billion profit out of Greece loans
Ahead of the payment of €462 million by Greece to the IMF on Thursday 9 April, figures released by the Jubilee Debt Campaign show that the IMF has made €2.5…
Boom in lending to impoverished countries threatens ‘Greece style’ debt crisis
Figures calculated by the Jubilee Debt Campaign, based on recently released data from the World Bank, show that loans to impoverished country governments have increased by 40% in just one…
No deal will be worse for the Eurozone than for Greece
The current deadlock between Greece and the rest of the Eurozone is over whether Eurozone governments will lend more money to enable Greece to meet international debt payments due this…
Welcome for Ebola debt relief, but warning over impact of new loans
Reacting to the announcement by the IMF that it will cancel almost $100 million of debt owed by Guinea, Liberia and Sierra Leone, whilst lending $160 million in new loans,…
At least 90% of the Greek bailout has paid off reckless lenders
New analysis of IMF figures, released by the Jubilee Debt Campaign, show that almost all of the money lent by the IMF, European governments and the European Central Bank to…
Sierra Leone to pay $1.75 million IMF debt on Christmas Eve
Take Action: Call on the IMF to cancel all the debt now The IMF is going back on a pledge made by the G20 to cancel debts of Ebola countries,…
Battle over whether G20 ‘deal’ will leave Ebola countries more indebted
• Campaigners call for debt relief not more loans as WHO admits off-track in bringing the disease under control • Over two weeks have passed since G20 $300 million pledge…
Details of debt relief for Ebola countries not yet agreed
G20 announces $300 million of loans, debt relief and grants from IMF, but details of how to do so are being debated over coming weeks At the G20 summit on…
Lending boom threatens to create new debt crises
New figures released today predict that current rates of lending could lead to debts becoming unsustainable in many impoverished countries over the next decade, just a few years after some…
