Online Event: Debt, colonialism and power
Both Ghana and Sri Lanka’s debt deals have collapsed in recent weeks, undermined by greedy private lenders who are refusing to cancel unjust debt. We’re facing the worst global debt crisis…
Debt cancellation deal for Zambia!
For nearly four years, Zambia has been stuck in negotiations to bring down debt levels that have destroyed the country’s economy. Finally, this week we learnt the groundbreaking news that…
Zambia’s (almost) debt deal
The Zambian debt crisis has had a huge impact on people right across the country. The ensuing cuts in spending on healthcare and education have been intensely felt by communities…
Governments demand banks and hedge funds cancel more of Zambia’s debt
When Zambia reached a deal with its private lenders on 26 October, some celebrated it as the end of three years of stalemate since the country became the first to…
IMF and governments express reservations about Zambia debt deal which will pay bondholders a third more than governments
Bondholders will be repaid a third more than government creditors including China and the UK under the restructuring deal agreed with Zambia, even though they lent at higher interest rates…
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,…
Event: 70th Anniversary of Germany’s debt cancellation
Debt Cancellation: Who calls the shots?27 February, 19:00 GMT Is debt cancellation realistic? With multiple crises happening around the world – climate, pandemics, and recessions- debt cancellation seems like an…
Over 100 experts call on BlackRock to cancel Zambia’s debt
Over 100 economists and development experts have called on BlackRock and other creditors to cancel a significant amount of Zambia’s debt. In an open letter released today, the signatories –…
Reaction to IMF call for $8.4bn of Zambia debt payments to be cancelled
The IMF has released its Debt Sustainability Assessment for Zambia.[1] The documents say that $8.4 billion of debt payments needs to be cancelled by government and external private creditors between…
Bishops demand cancellation of debts plunging countries into hunger
Anglican Bishops from around the world today united to call on the UK Government to lead the world in compelling lenders to cancel debts that are plunging communities in low…