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…
Uganda road project cancelled but debt remains
In January the World Bank cancelled a road building project in Uganda after “multiple failures … on the part of the World Bank, the government of Uganda, and a government…
Debt risks increase as commodity prices stay low
According to the IMF and World Bank, 10 low income countries have seen an increased risk of not being able to pay their debts over the last year as global…
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…
World Bank to increase lending to impoverished countries
The World Bank is proposing to lend an additional $4.1 billion to low income countries over the next 18 months, at its standard interest rates which are usually only paid…
Commodity price crash causes debt payments to soar
Effective interest rates on World Bank loans reaching 9%, whist on private sector loans hits 27% Over recent months there has been a crash in prices for commodities – metals,…
Campaigners warn of ‘debt iceberg’ at Africa private finance summit
Avoid perils of Britain’s PFI say campaigners Campaigners protested outside a conference in London this morning to warn of the dangers to government finances of public-private partnerships. The campaigners placed…
Cameron should apologise when in Jamaica and commit to action
Commenting ahead of UK Prime Minister David Cameron’s visits to Jamaica and Grenada this week, Tim Jones from the Jubilee Debt Campaign, said: “Jamaica has been burdened by an unpayable…
The new debt trap: How the response to the last global financial crisis has laid the ground for the next
Executive summary also available in French and Portuguese (8 pages). This report (40 pages) and its executive summary (8 pages) investigates the debts owed by countries as a whole – both…