Record-breaking year for 'frontier' bond sales to developing countries. 50% more than in 2013 already #newdebtcrisis
Argentina president, back after sick leave, vows to fight hedge funds Feat. great new metaphor of 'judicial raptors'
TTIP: Turning the Tide in Westminster. A few places left for @GlobalJusticeUK's event on how to lobby MPs/MEPs on Mon
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Inspired by the ancient idea of jubilee, a time when debts were cancelled, slaves were freed and land was redistributed, we are calling for a new debt jubilee in response to today’s global economic crisis: a Jubilee for Justice.

No debt crisis from the UK aid budget

Don't turn the clock back

History is repeating in the global economy. With interest rates low and investors hunting for returns, lending to the most impoverished countries has doubled since the crash. The previous era of irresponsible lending trapped countries in a spiral of debt from which it was impossible to escape. It set back the fight against global poverty [...]

818 actions taken Act now

More actions

  • Support Grenada’s call for debt justice

    The Caribbean island of Grenada has published a brave open letter explaining why it has stopped paying its debts. Grenada stopped making payments earlier this year. The island has been badly affected by loss of trade preferences to the EU for its banana and spice exports, hurricanes Ivan and Emily which destroyed the equivalent of [...]

    1359 actions taken
  • Tell the World Bank and IDB to pay reparations to Guatemalans

    In 1982, 400 people were massacred, with many more displaced, tortured, raped and starved, to make way for a hydroelectric dam which the World Bank and Inter-American Development Bank were funding in Guatemala. Despite agreement that reparations must be paid in this case, to date survivors and families of the massacre have received nothing. With [...]

    909 actions taken
  • Tax justice: Tell UK to return excess Mozambique profit

    The UK government has made millions in profit from funding an aluminium factory in Mozambique that only pays 1% tax. A highly profitable aluminium factory in Mozambique is paying just 1% tax, despite half of the costs being funded by foreign governments to help ‘develop’ the country. Mozambique’s economy is booming, but the number of [...]

    865 actions taken
  • Sign the call for a new debt jubilee

    Join the call for a Jubilee for Justice by signing our paper chain petition to the Prime Minister.

    10617 actions taken

Latest from the campaign

  • G20 Australia_Small

    Details of debt relief for Ebola countries not yet agreed

    Tim Jones, 21 November 2014

    G20 announces $300 million of loans, debt relief and grants from IMF, but details of how to do so are being debated over coming weeks At the G20 summit on 23 November, the leaders of the 20 countries welcomed “the IMF’s initiative to make available a further $300 million to stem the Ebola outbreak and [...]

  • sierraleone_small

    Jubilee Debt Campaign welcomes US call for Ebola debt relief

    Jubilee Debt Campaign, 13 November 2014

    UK government must support expanded debt relief at Brisbane G20 this weekend. Jubilee Debt Campaign has welcomed a call by US officials for emergency debt relief from the IMF for Liberia, Sierra Leone and Guinea to help tackle the Ebola outbreak, but warned that further cancellation is needed to ensure the fight against Ebola is [...]

  • Letter signatories_Small

    Calls on UK government to prevent debt crises

    Jubilee Debt Campaign, 10 November 2014

    Eighteen organisations from the UK and Global South have written to British Minister for International Development Justine Greening calling for support for a range of measures to prevent debt crises from recurring. The letter warns that: “current levels of lending to developing countries threatens a repeat of the ‘Third World’ debt crisis of the 1980s [...]

  • New debt crisis

    Lending boom threatens to create new debt crises

    Jubilee Debt Campaign, 10 October 2014

    New figures released today predict that current rates of lending could lead to debts becoming unsustainable in many impoverished countries over the next decade, just a few years after some had debts cancelled. The figures have been released during the global week of action against illegitimate debt. Based on analysis of official IMF and World [...]

  • New debt crisis

    Don’t turn the clock back: Analysing the risks of the lending boom to impoverished countries

    Jubilee Debt Campaign, 10 October 2014

    There is currently a boom in lending to impoverished countries. External loans to low income countries increased by 75% between 2008 and 2012. Lending to sub-Saharan African countries doubled over the same time period. This research uses projections of debt payments over the next decade to analyse the risk of debt payments undermining the ability [...]

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Jubilee Debt Campaign's registered charity number is 1055675