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…
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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…
Call for immediate cancellation of developing country debt payments
• Statement from over 150 global civil society organisations calls for immediate cancellation of debt payments, including to private lenders • The emergency cancellation should be followed by a process…
Reaction to financial relief for people impacted by Covid-19
For more information and interviews contact Sarah-Jayne Clifton, Tel: 07980 599002 The FCA has announced proposals for temporary measures to support users of certain credit products who are facing a…
Covid-19: Call for freeze on personal debt payments
Nearly 80 civil society leaders and academics call for urgent freeze on personal debt payments Letter to the Chancellor also calls for write-off of existing council tax and social security…
Reaction to IMF and World Bank call for a debt moratorium
The IMF and World Bank have called for an immediate suspension of all debt payments to other governments by a group of the poorest countries, known as IDA countries. Reacting…
Calls grow for debt moratorium for poor countries
African Finance Ministers call for suspension of all interest payments World Bank Head calls for suspension of all interest and principal payments to other governments African Finance Ministers have called…
Coronavirus worsens debt crisis in poor countries
Borrowing costs for developing country governments has increased sharply Commodity price falls and declines in tourism could have major economic impact on many poor and vulnerable countries Borrowing costs for…