The IMF is spending $93 billion bailing out reckless lenders
New research by the Jubilee Debt Campaign indicates a major breach by the IMF of its own policies, with $93 billion of lending to highly indebted countries, without any debt…
Fears raised about cost of PPP hospital in Uganda
Uganda Debt Network says government has guaranteed $380 million in payments for hospital which was due to cost $250 million The Uganda Debt Network has raised concerns about the financing…
Can Mozambique declare the $2 billion secret debts illegal?
In recent weeks there have been several arrests in Mozambique connected to the $2 billion secret loan scandal. This could indicate that the Mozambique government is now more willing to…
Our view on the UK government response to our campaign on secret loans
John Glen MP, Economic Secretary to the Treasury, has replied to MPs about our campaign to stop secret loans. We are calling for measures to ensure all loans to governments…
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…
Campaigners press Credit Suisse on Mozambique
The Mozambique government has said it will not make a $60 million interest payment due on 18 January On 17 January, campaigners from the Jubilee Debt Campaign handed in a…
Budget 2016: Concern over switch of UK aid from grants to loans
Information hidden in budget announcements suggest UK government will be giving £3.8 billion of 'aid' money as loans in next four years
UK government response to Debt Trap campaign
Minister of State for International Development, Desmond Swayne MP, has responded to Jubilee Debt Campaign’s No New Debt Trap campaign, calling for urgent action to prevent a wave of debt crises…
Proposal for UK aid money to be used to promote western exports
The UK’s Department for International Development is considering using aid money to subsidise lower interest rates for export credits for some low income countries. Export credits are government backed loans…
US interest rate rise could deepen debt crisis in developing countries
Commenting on the increase in US Federal Reserve interest rate, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “The debt problems of many developing countries will worsen as this…
