Africa experiencing worst debt crisis in a generation
The majority of African countries spent more repaying external debts than on healthcare or education – and in some cases both – last year as the continent experiences its worst…
The majority of African countries spent more repaying external debts than on healthcare or education – and in some cases both – last year as the continent experiences its worst…
Both Ghana and Sri Lanka’s debt deals have collapsed in recent weeks, undermined by greedy private lenders who are refusing to cancel unjust debt. We’re facing the worst global debt crisis…
The latest Financial Lives Survey commissioned by the Financial Conduct Authority shows that there are now 10.1 million over-indebted people in the UK. Whilst this is 2.7 million lower than…
When a country is hit by a catastrophic external shock, like climate extreme events, there is currently no comprehensive and consistently applied method of suspending debt payments. This means that…
The International Monetary Fund (IMF) and World Bank are two of the biggest development banks in the world. Their lending policies have profound impacts on millions of people in lower…
Responding to reports that Sri Lanka’s bondholders have rejected a restructuring proposal, Heidi Chow, Executive Director of Debt Justice said: “Once again banks, asset managers and hedge funds are refusing…
Reacting to the news that Ghana’s bondholders have rejected a restructuring proposal, Bernard Anaba, Public Policy Specialist at the Integrated Social Development Centre (ISODEC) in Ghana said: “The breakdown in…
Deadline for applications: 9am on Monday 29 April 2024 This is a voluntary (unpaid) Trustee position, although expenses are available. Debt Justice is looking for new Trustees to join our…
For nearly four years, Zambia has been stuck in negotiations to bring down debt levels that have destroyed the country’s economy. Finally, this week we learnt the groundbreaking news that…
The steering committee for Zambia’s bondholders and the Zambian government have announced they have reached an agreement to restructure Zambia’s debt, which has been accepted by public sector creditors. Reacting…