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World Bank cancels road building project in Uganda after 'multiple failures' but still claims $176 million debt https://t.co/LzYPSNbul2
EU proposals will force multinationals to disclose tax arrangements https://t.co/s9f3e8PiJK
IMF head Lagarde: 'debt relief for Greece as important as pension reform' https://t.co/vbID0XIArC
Sri Lanka latest country to ask IMF to bailout its creditors through new loans https://t.co/A9PiREenC0
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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 New Debt Trap – Write to Your MP

Lending to the global South has TRIPLED since the financial crisis. With commodity prices falling and interest rates due to rise, there’s a growing threat of a new debt trap.

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  • Election 2015: Let’s Make Tax Fair

    Corporate tax dodging is unfair: nearly everyone loses out when tax rules allow big companies to avoid paying their fair share. We need a Tax Dodging Bill to make tax fair and to raise funds to fight poverty in the UK and developing countries. 65,000 people have already signed. Join us: Find out more Check […]

  • Greece: Break the chains of debt

    The people of Greece have demanded a new approach to the country’s enormous and unpayable debt. As the new Greek government starts talks aimed at debt cancellation, international support is crucial. Tell George Osborne, the Chancellor of the Exchequer, to support Greece’s call for a renegotiation of its debt.

    1089 actions taken
  • Ebola: Drop the Debt

    Ebola has already claimed the lives of more than 6,000 people in West Africa. Health workers are fighting day and night to treat and contain it, at great personal risk. Many haven’t been paid for months. Yet millions of dollars are leaving Liberia, Sierra Leone and Guinea in debt repayments. Please call on the IMF and World Bank to drop the debt for countries fighting Ebola now.

    7312 actions taken
  • No debt crisis from the UK aid budget

    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 […]

    823 actions taken

Latest from the campaign

  • Uganda road_Small

    Uganda road project cancelled but debt remains

    Tim Jones, 8 February 2016

    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 contractor”. There has been sexual abuse and misconduct by construction workers and mistreatment of staff working on the project. Environmental concerns, such as layers of […]

  • Mopani mine

    Debt risks increase as commodity prices stay low

    Tim Jones, 2 February 2016

    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 commodity prices have fallen. At the same time, 4 countries risk ratings have improved. Cameroon, Dominica, Ghana, Mauritania and Mongolia have all seen their risk […]

  • tmp-27

    US interest rate rise could deepen debt crisis in developing countries

    Jubilee Debt Campaign, 16 December 2015

    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 increase in interest rates will further weaken exchange rates and push up debt payments. Many countries are already suffering from a fall in prices for […]

  • debttrap-small

    Commodity price crash causes debt payments to soar

    Tim Jones, 4 December 2015

    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, fossil fuels and some cash crops – primarily caused by the fall in demand for raw materials from China. Many impoverished countries continue to be […]

  • PPP protest_Small_10.11.15

    Campaigners warn of ‘debt iceberg’ at Africa private finance summit

    Jubilee Debt Campaign, 10 November 2015

    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 a large ‘debt iceberg’ near the entrance to the conference to illustrate the hidden financial risk of schemes such as the UK’s Private Finance Initiative. […]

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