Lenders drive Argentina into a debt default
Argentina is expected to formally default today after the 30-day grace period on a bond payment expires. Commenting on the default, Sarah-Jayne Clifton, Director of Jubilee Debt Campaign said: “Argentina…
Argentina debt crisis inevitable failure of IMF bailout
IMF broke own rules to agree loans last year without a debt restructuring taking place By bailing out reckless lenders, the IMF repeats the same mistakes it made in Greece…
Crisis deepens as global South debt payments increase by 85%
External debt payments by developing country governments grew by 85%, as a proportion of government revenue, between 2010 and 2018 For the countries with the highest payments, in two-thirds public…
Argentina is facing record debt and is on the road to hell. There is only one way out.
The legitimacy of the debt must be challenged and proposals for a public debt audit resuscitated. Dan Ozarow is Chair of Jubilee Debt Campaign’s Academic Advisory Network and member of Action…
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…
‘Agreement’ on Greece debt is an outrageous imposition
In response to the deal with Greece being reached over the debt crisis: Tim Jones, economist at the Jubilee Debt Campaign said: “This is not an agreement but an outrageous…
Argentina passes law to establish debt audit commission
Argentina has legislated to create a commission to investigate the origin of the country’s debt, dating back to the military dictatorship of 1976 to 1983. The law states that once…
British MPs support action to prevent vulture funds scavenging Argentina
“Debt trial of the century” could cause financial shockwaves Over 100 British Members of Parliament have signed a motion supporting action to prevent vulture funds profiteering from Argentina and forcing…
Unfair debt deal agreed for Argentina
The Paris Club group of rich countries has announced it has reached an agreement for Argentina to begin repaying up to $9.7 billion, double the size of the original debt.…
Break of debt pledge stops development goals from being met
Several developing countries, including Jamaica, El Salvador and Pakistan, are failing to meet international development goals after rich countries reneged on a pledge to deal with their debts. Moreover, unjust…
