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RT @BankTrack: BankTrack has signed an open letter calling on the #IMF to ensure banks not people take the hit over secret loans to Mozambi…
Mozambique's debt crisis deepens as it defaults on a $119 million payment on a loan arranged by Credit Suisse Group: https://t.co/4RVeOvTHco
Mozambican campaigners demand cancellation of secret debt before the IMF lends again https://t.co/59LuKDcdNr
World Bank's Jim Yong Kim says the days of African debt crises over. Meanwhile,Ghana and Mozambique in debt crisis.. https://t.co/YEGf4nf9Lz
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Campaigners welcome Obama call for Greece debt relief

• ‘Meaningful’ debt cancellation must include IMF debts

Commenting ahead of President Obama’s visit to Greece on Tuesday, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said:

“President Obama is right to call for meaningful debt relief for Greece. Over 90% of loans to Greece from the IMF and EU were used to pay off banks and other reckless lenders. Significant debt cancellation by Greece’s creditors is the only realistic way out of this crisis, but that includes debts owed to the IMF as well as to the EU. The US should use its power to push the IMF to both agree to cancellation of its own Greek debts and hold off on any further lending to Greece until the EU also commits to a meaningful debt write-off.”

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Countries

Greece, United States
Jubilee Debt Campaign is a company limited by guarantee, number 3201959
Jubilee Debt Campaign's registered charity number is 1055675