Reaction: G7 should tackle private lenders rather than blame China
Reacting to the G7 Finance Ministers statement released today at the end of their summit[1], Tim Jones, Head of Policy at Debt Justice said: “To tackle the debt crisis in…
Flagship lending transparency scheme gets information from just two banks
Only two banks have disclosed any information through the flagship lending transparency scheme of the Institute of International Finance (IIF) and Organisation for Economic Co-operation and Development (OECD). Banks first…
Protestors call on BlackRock to cancel Zambia’s debt
Campaigners demonstrated outside BlackRock’s London office on day of annual earnings release BlackRock, the world’s richest asset manager, could make $180 million profit from Zambian debts for itself and its…
Campaigners say two-thirds of Zambia’s debt needs to be cancelled
Figures released today by the Zambian Civil Society Debt Alliance and Jubilee Debt Campaign UK show that external private lenders and other governments need to cancel at least two-thirds of…
G20 initiative leads to less than a quarter of debt payments being suspended
Lower income countries which applied for scheme have spent $36.4 billion on external debt payments during the pandemic, and had just $10.9 billion suspended or cancelled Private creditors received the…
Private lenders main recipients of debt payments from crisis countries
Chad, Ethiopia and Zambia considering debt restructuring: 53% of their debt payments are to private lenders Legislation to be introduced in New York to make restructuring private debt easier In…
Zambia’s lenders should accept large debt write-down
Zambia, which spends four times more on external debt payments than public healthcare, could default on 14th November If paid in full, some bondholders could make 250% profit Jubilee Debt…
Sovereign debt crises: Stop bailing out reckless lenders
Briefing available in English, French and Spanish In this briefing 34 civil society organisations set out how IMF loans are used to bail out reckless lenders. They call for the…
Personal debt grows six times more than wages
Bank of England figures released today show that unsecured personal debt is 6.5% higher than a year ago Jubilee Debt Campaign has calculated that unsecured personal debt has grown by…
10 key facts which show the truth about the UK’s debt crisis
• Amount of interest being paid on government debt is at virtually the lowest level since records began • But the UK economy has the highest deficit with the rest…
