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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 […]

    4644 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

  • 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 […]

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    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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    UN votes for rules to stop vulture funds

    Jubilee Debt Campaign, 9 September 2014

    The United Nations General Assembly has passed a resolution to create new legal rules to stop financial speculators like vulture funds from undermining debt restructurings. The motion, passed by 124 votes to 11, has decided that the UN will create “a multilateral legal framework for the sovereign debt restructuring processes”. At present, there are no […]

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    Developing countries propose new global debt rules

    Jubilee Debt Campaign, 2 September 2014

    Over 130 developing countries have unanimously submitted a proposal to the United Nations calling for new legal rules to stop predatory financial speculators like vulture funds from undermining debt restructurings. This proposal will be voted on in the UN General Assembly next week, most likely on Tuesday 9 September. The motion, if successful, could represent […]

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