Reaction to IMF board approval of $3bn loan to Pakistan
For more information and interviews contact Jerome Phelps on +44 7307 620372 The IMF has agreed to disburse a loan of $3 billion to Pakistan, following other new loans from…
Stop cowboy lenders and end the global debt crisis
This year Pakistan will spend over $20 billion on debt payments to big banks and hedge funds. Right now, the country is struggling to rebuild after horrendous flooding last year,…
Pakistan’s floods: Vicious cycle of debt and climate crises
The flood in Pakistan is a humanitarian crisis of epic proportions. Entire towns, vital infrastructure, homes, farmlands and crops are being washed away. With a third of the land under…
Developing county borrowing costs increase 7 times more than US in past year
Interest rates on new developing country borrowing increased by an average of 2.2 percentage points over the course of 2018. Yields on low- and lower-middle income country debt, calculated by…
Life and debt: Global studies of debt and resistance
Report investigating the impact of debt and austerity, and campaigns for justice, in Egypt, El Salvador, Greece, Jamaica, Latvia, Pakistan, the Philippines, Portugal and Tunisia. Download Life and debt: Global…
Pakistan parliament to investigate country’s debt
Pakistan’s National Assembly is to form a committee to investigate the country’s debt. Both government and opposition have agreed a bipartisan investigation which will look into the benefits and costs…
