Chad at high risk of another debt default after restructuring
• Restructuring of Glencore loans reduces interest rates and extends maturity by four years • IMF accepts minimum needed to make debt ‘sustainable’, while country remains at high risk of…
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Global South debt crisis worsens as interest rates rise and currencies fall
Currencies fall by average of 9% against the dollar in 2018 Future borrowing costs up 1.4 percentage points Future borrowing costs for many global South governments have continued to rise,…
Ukraine’s ‘odious debt’ defence of $3bn Russian default goes to UK court
The English Court of Appeal has overturned a previous ruling and said that Ukraine’s “duress” defence of its non-payment of a $3 billion debt to Russia can go to a…
EVENT: 20 years of the Debt Justice movement
Celebrate with us in Birmingham on Saturday 29 September Join us for a day of remembering the successes of the debt justice movement over the last twenty years and learn…
Reflection: the 1998 human chain around Birmingham city centre
Organiser Isabel Carter recounts the atmosphere on the streets of Birmingham twenty years ago when the call to 'drop the debt' was raised by citizens from around the country and…
Vacancy: Comm’s Officer (part-time maternity cover)
Communications Officer (P/T, Temporary, £17,583-£20,690 pa dependent on London weighting (£29,305-£34,483 pro rata)) Jubilee Debt Campaign is seeking a tech-savvy, digital communications all-rounder to lead on supporter and campaign communications,…
Poverty trap: household debt is on the rise in the UK
Britain is in the midst of a severe and prolonged household debt crisis. No-one should have to get into debt just to put food on the table and heat their…
Sierra Leone President appeals for help over debt burden
• New President Julius Maada Bio says he has inherited a debt crisis • 73% of Sierra Leone’s debt is owed to multilateral institutions • Jubilee Debt Campaign warned that…
UK’s financial watchdog fails to protect debt-trap victims
The Financial Conduct Authority (FCA) has called for a crackdown on high-interest lending but its proposals do not go far enough, says the End the Debt Trap coalition.
Ghana’s debt situation worsens as lenders continue to be bailed out
• IMF projections for debt, revenue and interest all over-optimistic • But public spending cut by more than initially planned • Debt crisis expected to continue for next twenty years,…