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…
George Osborne should support a package of debt cancellation for Greece
Commenting on the meeting between Greece’s Finance Minister Yanis Varoufakis with Britain’s George Osborne this morning, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “Greece’s debt comes from loans…
Aid rules tightened, but still allow profit to be made from loans
Western countries, through the OECD, have agreed new rules for themselves on when they are allowed to call loans ‘aid’. The new rules restrict the terms on which loans can…
Vulture funds profit from shadowy financial markets
In the wake of Argentina being blocked from making debt payments, there is much speculation about who lies behind various trades taking place in financial markets. Argentina has been declared…
Campaigners reveal extent of British support to the Shah’s Iran
Liberal Democrats fail to follow Norway’s debt audit lead. Documents released under the freedom of information act to Jubilee Debt Campaign have revealed that all of the debt the UK…
The debt stories they don’t want you to know
I sometimes get asked, ‘If all countries are in debt, then who are they in debt to’? It’s a good question. Have we discovered life on another planet, who are…
Whose Development Is It?
A highly profitable aluminium factory in Mozambique is paying just 1 per cent tax, despite half of the smelter being funded by foreign government’s to help ‘develop’ the country. A…
Details of Zimbabwe’s $7bn debt revealed for first time
Newly uncovered documents reveal that Zimbabwe’s £210 million debt to the UK includes loans from Tony Blair’s government to Zimbabwe’s police force while they were engaged in internal repression.
The Department for Dodgy Deals
Jubilee Debt Campaign’s new report on the Export Credits Guarantee Department exposes a history of backing projects by large corporations in a handful of controversial sectors, that has created £2…
