Zambia’s debt default
Private lenders rejected Zambia’s request for a debt payment suspension last week, plunging the country into default. How did we get here, what does that mean for the people of Zambia and what does it mean…
Private lenders rejected Zambia’s request for a debt payment suspension last week, plunging the country into default. How did we get here, what does that mean for the people of Zambia and what does it mean…
Debtor countries told to “seek” debt restructuring from private lenders, but G20 give them no help to do so G20 don’t say what should happen when private lenders say “no”…
• Zambia spends four times more on external debt payments than public healthcare • Real public spending per person has fallen by 18% in recent years, as the debt crisis…
Thousands of us wrote to our MPs last month calling for debt cancellation for countries in the global south to help with the fight against coronavirus. If you wrote to your MP, you likely received a response forwarded on…
Despite the clear need for more debt cancellation the G20 finance ministers failed this week to act. $2.8 billion dollars are spent on debt payments a month by the world’s poorest counties,…
Last week marked week marks 15 years since the G8 Summit in Gleneagles, Scotland, when leaders of the world’s richest countries agreed debt cancellation for many of the world’s poorest heavily indebted countries. This hard won victory was…
In the last few weeks, we have seen the world erupt and huge numbers of people galvanise against racism. The killing of George Floyd on 25 May 2020 sparked a wave…
This blog was written in response to the Open Budget Survey available here Even before the coronavirus crisis hit, many countries were already struggling with high debt payments. Jubilee Debt…
It’s been a huge week for debt campaigning. Following calls from over 200 organisations and 750,000 people around the world for debt cancellation to help lower-income countries cope with coronavirus,…
With already millions of people living in poverty in the UK, the Coronavirus pandemic could push millions more under the breadline. Despite the significant measures already announced, delays and gaps…