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The G7 Finance Ministers have today reaffirmed support for the Common Framework for debt treatments[1], but have not taken the necessary steps to tackle the growing global debt crisis. Jerome Phelps of…
Africa is spending three times more on debt repayments to banks and speculators than it would cost to vaccinate the entire continent against Covid-19.[1] African governments are expected to pay…
8.5 million people now over-indebted Investment of £6 billion in fund for ‘fair debt write-down’ could boost household consumption by £24 billion For more information and interviews contact Eva Watkinson on 07870187861 (Jubilee Debt…
New figures show UK-based banks are the largest owners of poor country debt Campaigners say the UK is the most important country to unblock multilateral action on debt relief New…
For immediate release 26 January 2021 Jubilee Debt Campaign welcomes IDC calls for government action on Covid-19 debt crisis in developing countries, but says ‘encouraging’ action by private lenders isn’t enough Calls for UK…
Today the G20 announced a ‘Common Framework for debt treatments’. Campaigners had hoped it would provide a mechanism for permanent solutions to debt crises, which it has failed to do.…
Zambia, which spends four times more on external debt payments than public healthcare, could default on 14th November If paid in full, some bondholders could make 250% profit Jubilee Debt…
Jubilee Debt Campaign says failure to cancel debt and include private creditors shows disregard for scale of global South debt crisis which will leave poor countries paying $3 billion a…
Press release for immediate release 12 October 2020 Profit from selling less than 7% of the IMF’s gold could fund cancellation of all debt payments by the poorest countries to the…
Jubilee Debt Campaign launches new Debt Data Portal showing: Average developing country external debt payments increased by 115% between 2010 and 2020 52 countries are now in debt crisis Figures…