Speculators make 13% despite Ebola crisis in DR Congo
No money paid out from pandemic insurance scheme because Ebola has not crossed into a second country Scheme is the latest to use public money to fund private sector profits…
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Tanzania refuses release of IMF debt risk analysis
Failure to publish means lenders still being guided by old ‘low risk’ rating Lesotho moves from low risk to moderate, while Timor-Leste moves from moderate to low risk The government…
IMF agrees loan to Congo after China pushes debt payments into the future
$449 million of loans agreed but no reduction in debt principal owed Debt negotiations with private commodity traders are still ongoing The IMF has agreed $449 million of loans to…
G20 falls short on loan transparency
Despite making debt transparency one of the key items for discussion this year, the 20 have failed to take decisive action to improve debt and loan transparency. In the final…
Fears raised about cost of PPP hospital in Uganda
Uganda Debt Network says government has guaranteed $380 million in payments for hospital which was due to cost $250 million The Uganda Debt Network has raised concerns about the financing…
One Mozambique loan declared illegal, but speculators set to make 240% profit
Introduction A fortnight ago in a major victory for our allies The Mozambique Budget Monitoring Forum (FMO), a network of 21 civil society organisations, the Mozambique Constitutional Council ruled one…
Can Mozambique declare the $2 billion secret debts illegal?
In recent weeks there have been several arrests in Mozambique connected to the $2 billion secret loan scandal. This could indicate that the Mozambique government is now more willing to…
Newcastle University takes a strong stand against secret loans
The Vice-Chancellor of Newcastle University, along with the President of the Student Union, the branches of the trade unions UCU, UNITE and UNISON, and the Chaplaincy Group have written to…
Argentina is facing record debt and is on the road to hell. There is only one way out.
The legitimacy of the debt must be challenged and proposals for a public debt audit resuscitated. Dan Ozarow is Chair of Jubilee Debt Campaign’s Academic Advisory Network and member of Action…
What we have learned from the US indictment on odious loans to Mozambique
Yesterday three former employees of Credit Suisse were arrested in London over $2 billion of odious loans to three state owned companies in Mozambique, given in 2013. The loans were…