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One in six adults at risk of crisis debt, say the UK's Money Advice Service @YourMoneyAdvice https://t.co/F4odnx0uoR #TalkMoneyWorries
RT @jubileescotland: Humberto Zaqueu: Mozambiques debt is more than double the peak of the HIPC time #EurodadAlternatives17
RT @eurodad: Burghard Ilge of @both_ends explains where #TTIP will strike next #EurodadAlternatives17
RT @eurodad: "Young people are growing up in a terrible environment but I see hope in generational change" Jayati Ghosh #EurodadAlternative…
"We create money and give it to the banks. Why can't we create money and give it to public services?" Jayati Ghosh at #EurodadAlternatives17
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Since the global financial crisis of 2008, there has been a new boom in irresponsible lending to the developing world.

This lending boom is threatening to set a new debt trap for people in poverty around the world, particularly in Africa. Governments are unable to afford to pay off their debts and provide basic services like healthcare and education to their people.

No bailout for Mozambique’s secret lenders

Campaigners from Jubilee Debt Campaign protesting against Credit Suisse's secret loans to Mozambique, outside their office in Canary Wharf, London

Mozambique is in a stand-off with its creditors over $1.1 billion of secret debts revealed last year. But now campaigners in Mozambique fear the IMF will give the country new loans before those responsible for the scandal have been held to account. Please tell the UK government not to support a bailout for Mozambique’s secret […]

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  • Tell Credit Suisse and VTB to drop the debts claimed from Mozambique

    In 2013 Credit Suisse and VTB lent $1.1 billion to two publicly-owned companies in Mozambique from their offices in London. Details of the loans were not made public, and they were never approved by Mozambique’s parliament – in direct contravention of the country’s constitution. Civil society groups in Mozambique have condemned the loans as ‘illegal’, […]

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