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Vulture Funds are financial speculators looking to profiteer from countries in debt crisis. From Argentina to Zambia, they’ve swooped in to buy up debts for pennies in the pound, then demanded full payment plus interest. We’re leading the global fight to put an end to this outrageous practice.

Tell the UK to support debt crisis principles at the UN

On Thursday night the UN will vote on a new set of principles for dealing with debt crisis. Countries of the global South have been pushing these principles after years of attacks by vulture funds and other predatory lenders. Please tell the UK to support this vital step towards debt justice. Update 11 September: The […]

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  • ACT NOW: Why did the UK side with vulture funds at the UN?

    On 9 September the UK was one of a handful of countries which voted AGAINST action to stop vulture funds at the UN General Assembly. The vote passed by 124 to 11, with developing nations queuing up to demand a fairer system for resolving sovereign debt crises without fear of vulture funds swooping in. The […]

    741 actions taken
  • Tell the UK to support action against vulture funds

    The greed of the vulture funds forcing Argentina into a new debt default this summer has shocked the world into action. More than 100 developing countries have got together at the United Nations to demand a new way of dealing with debt crisis, to make sure vulture funds can no longer profit from a nation’s […]

    1091 actions taken
  • Stand with Argentina against the
    debt vultures

    Argentina’s economy is being held to ransom by a small handful of very wealthy speculators – so-called ‘vulture funds’. A New York court has awarded two US vulture funds a $1.3 billion payout on debts bought up after Argentina’s debt crisis of 2001. What’s more, Argentina has been told it is ILLEGAL to pay its […]

    4645 actions taken
  • Stop debt vultures swooping on Greece

    A vulture fund has made €100 million profit from speculating on Greek debt, as Greece stands on the brink. Tell the Chancellor, George Osborne, to stop vultures profiteering from Europe’s crisis. Vulture fund Dart Management, based in the Cayman Islands, has received a €400 million payment from Greece at the height of the country’s crisis, […]

    1177 actions taken

Latest from the campaign

  • The Royal Courts of Justice, including the High Court, London. Photo: Dan Perry/Flickr

    Russia suing Ukraine in London shows failure of global debt rules

    Jubilee Debt Campaign, 14 September 2016

    Russia has announced that its $3 billion debt claim against Ukraine will be heard by the UK High Court on 17-20 January 2017. Ukraine defaulted on the loan in December 2015 after Russia refused to accept a 20% reduction in the size of the debt agreed with other Ukrainian bondholders. The case will be heard […]

  • IMF Protest outside Presidential offices, Buenos Aires, Argentina. Photo: 
Xomiele/Flickr

    Groundhog Day looms in Argentina as the IMF returns

    Daniel Ozarow, 12 September 2016

    A decade of IMF conditionality and adjustment sparked Argentina’s 2001 debt default and economic earthquake, and it was expelled from the country in 2006. Yet the country’s new government has officially invited it back next week, writes Daniel Ozarow from Buenos Aires. “Get rid of the lot of them!” roared the indignant crowds in Buenos […]

  • vulture parl small

    Campaigners call for UK government to enforce Ukraine debt deal

    Jubilee Debt Campaign, 28 August 2015

    Vulture funds and Russia could sue Ukraine through London courts Ukraine has reached an in principal agreement with some of its bondholders to reduce the amount of debt owed by 20%, and suspend payments for four years. The deal will be voted on in mid-September. Even if a large majority agree to the deal, some […]

  • eurovulture-small

    George Osborne should support a package of debt cancellation for Greece

    Jubilee Debt Campaign, 2 February 2015

    Commenting on the meeting between Greece’s Finance Minister Yanis Varoufakis with Britain’s George Osborne this morning, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign said: “Greece’s debt comes from loans to bail out banks and vulture funds across Europe, including in Britain. In 2012 the UK government refused to stop vulture funds that were using […]

  • Vulture Funds

    Vulture funds: Why the UK voted ‘no’ to action at the UN – dissected

    Jubilee Debt Campaign, 14 November 2014

    More than 700 people have written to their MP to ask why the UK government voted against action on vulture funds at the United Nations in September. Many have now received a standard letter from the Chancellor, George Osborne, and the Chief Secretary to the Treasury, Danny Alexander, in reply. Here, we respond to the […]

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