Interesting - G20 and Bank of England discussing how to link debt interest payments to economic growth
IMF says Africa must face reality of low commodity prices So should IMF by stopping bailing out reckless lenders
Mozambique announces it cannot pay its private external debt Our reaction is at
RT @mozguide: Trying to understand Mozambique's cruel predicament: Glossary of terms - Jubilee Debt Campaign UK via…
Mozambique has announced it cannot pay its private external debt. Our reaction: Debt is unpayable and UK must act
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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.

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: 

    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 […]

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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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