Pakistan needs debt relief, not another failed IMF bailout
Commenting on the news that Pakistan is to request a $7 billion bailout from the IMF, Tim Jones, economist at the Jubilee Debt Campaign said: “Pakistan has received IMF bailout…
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African governments’ debt payments double in just two years
• Debt problems on the African continent are increasing, with external government debt payments doubling in two years • The private sector is the largest source of loans, accounting for…
Event on anniversary of Birmingham protest calls for action on unjust debt
Photo opportunity: 100 people unfurling banner saying ‘Break the chains of debt’ in Birmingham Cathedral grounds, Colmore Row, Birmingham B3 2QB from 14:15 to 14:45 on Saturday 29 September. On…
Bank of England interest rate hike will push up unjust debt payments
Responding to the decision by the Bank of England to raise its’ base rate from 0.5% to 0.75%, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “Poor wage growth…
New figures show debt crises are growing across the globe
Jubilee Debt Campaign analysis shows 31 countries now in debt crisis, up from 27 in 2017 and 22 in 2015 A further 82 are at risk of a debt crisis…
EU Court of Auditors criticism “should be final nail in coffin of PPPs”
The EU Court of Auditors have released a report today which says that “EU co-financed Public Private Partnerships (PPPs) cannot be regarded as an economically viable option for delivering public…
100 UK MPs criticise Mozambique secret lenders ahead of debt talks in London
100 MPs sign motion which expresses concern about secret loans and calls for new transparency measures Mozambique government meeting creditors in London on 20 March On 20 March the Mozambique…
Developing country debt payments increase by 60% in three years
• Government external debt payments reach highest level since 2004 following lending boom and commodity price falls in recent years • Figures released before US Federal Reserve meeting where further…
Press release: call for a household debt jubilee
Anti-poverty campaigners will today (Tuesday 6th March) call on the Government, the Bank of England and the Financial Conduct Authority (FCA) to instigate a Household Debt Jubilee in order to…
10 key facts which show the truth about the UK’s debt crisis
• Amount of interest being paid on government debt is at virtually the lowest level since records began • But the UK economy has the highest deficit with the rest…