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…
News
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…
Launch of the Open Budget Survey
This blog was written in response to the Open Budget Survey available here Even before the coronavirus crisis hit, many countries were already struggling with high debt payments. Jubilee Debt…
Debt suspension agreed for low-income countries to help fight Coronavirus
It’s been a huge week for debt campaigning. Following calls from over 200 organisations and 750,000 people around the world for debt cancellation to help lower-income countries cope with coronavirus,…
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…
Media Briefing on IMF/WB Spring Meetings 2020
Ahead of the IMF and World Bank Spring Meetings this year, we’ve prepared a handy guide to what must be done to ensure that every country can prioritise healthcare, and…
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…