The IMF is spending $93 billion bailing out reckless lenders
New research by the Jubilee Debt Campaign indicates a major breach by the IMF of its own policies, with $93 billion of lending to highly indebted countries, without any debt…
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Argentina debt crisis inevitable failure of IMF bailout
IMF broke own rules to agree loans last year without a debt restructuring taking place By bailing out reckless lenders, the IMF repeats the same mistakes it made in Greece…
Former Credit Suisse banker pleads guilty over Mozambique loans
Former Credit Suisse banker Andrew Pearse has pleaded guilty to taking millions of dollars in kickbacks on three loans he helped arrange to three state–owned companies in Mozambique. The loans…
FCA failing poorer households over credit card debt
New report shows Financial Conduct Authority are failing to adequately protect consumers from high interest costs on credit cards Calls for a cap on the total cost of charges that…
Welcome for Labour Party policy on loan transparency
The Labour Party has announced that if it were in government it would bring in an Act of Parliament to require loans to governments to be publicly disclosed. Reacting to…
Over fifty UK MPs write to the Chancellor calling for greater loan transparency
MPs from every party in the UK parliament have signed a letter to the Chancellor calling for regulations to ensure loans to governments are publicly disclosed when they are given…
Mozambique campaigners visit London to hold banks to account for odious loans
Three campaigners from the Mozambique Budget Monitoring Forum (FMO) will visit London from 20-23 May to seek to hold to account the banks behind the $2 billion odious loans scandal.…
IMF loan to Mozambique following Cyclone Idai “shocking indictment” of international community
Press release: For immediate release For further information and interviews please contact Sarah-Jayne Clifton on 07980 599002 The IMF has agreed an emergency loan of $118.2 million to Mozambique following…
Crisis deepens as global South debt payments increase by 85%
External debt payments by developing country governments grew by 85%, as a proportion of government revenue, between 2010 and 2018 For the countries with the highest payments, in two-thirds public…
Mozambique needs urgent action on debt crisis following Cyclone Idai
Cyclone Idai has caused huge destruction and loss of life in Mozambique, Malawi and Zimbabwe. The true extent of the disaster is not yet known. Below are reactions from partner…