$11 billion of IMF loans are bailing out private lenders
New research from Jubilee Debt Campaign shows how IMF loans to 28 highly indebted countries are enabling debt repayments to private lenders during the Covid-19 crisis The figures are released…
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Reaction to industry body proposal for voluntary debt payment suspension
Reacting to the Institute of International Finance proposal on a voluntary debt payment suspension to private lenders launched today, Tim Jones, Head of Policy at Jubilee Debt Campaign said: “Any…
Lenders drive Argentina into a debt default
Argentina is expected to formally default today after the 30-day grace period on a bond payment expires. Commenting on the default, Sarah-Jayne Clifton, Director of Jubilee Debt Campaign said: “Argentina…
G20 debt suspension request: 90% of bonds governed by English law
First payments due on 1 and 4 May on debts G20 has asked private creditors to suspend Jubilee Debt Campaign estimates $9.4 billion of debt payments are due to private…
G20 suspends debt payments, more action needed
Warning of future debt crises if debt not cancelled outright Legislation needs to be passed to ensure private sector complies with voluntary debt payment suspension G20 Finance Ministers have announced…
G20 announces deal on suspension of debt payments
The French Finance Minister Bruno Le Maire has announced that the G20 has agreed a deal to suspend some of the debt payments of 77 of the poorest countries in…
Reaction to $215 million of debt cancellation by IMF
The IMF has announced it will cancel $215 million of debt payments for 25 countries over the next six months due to the coronavirus pandemic. Reacting to the news, Sarah-Jayne…
Sixty-four countries spend more on debt payments than health
New figures from Jubilee Debt Campaign show extent to which poor country health spending is overshadowed by debt payments IMF and World Bank meetings this week will discuss possible debt…
Reaction to call by global banking body for debt payment suspension
The Institute of International Finance, a grouping of over 450 banks, hedge funds and other global financial firms, has called for a suspension of debt payments by the poorest countries…
Reaction to FCA announcement on freeze on loan payments
For more information and interviews contact Eva Watkinson, Tel: 07870187861 The FCA has announced their final proposals for temporary measures to support users of many credit products who are facing…