Sierra Leone: Ebola debt to IMF contributes to big cuts in public spending
In November the IMF agreed a new $172 million loan programme with Sierra Leone, spread over the next 3 and a half years, until mid-2022. At the same time, the…
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G20 stops short of decisive action on lending transparency
UK Prime Minister calls for implementation of 2017 guidelines But UK government itself has been unwilling to implement these limited guidelines for loans from UK-based banks and companies G20 governments…
Our view on the UK government response to our campaign on secret loans
John Glen MP, Economic Secretary to the Treasury, has replied to MPs about our campaign to stop secret loans. We are calling for measures to ensure all loans to governments…
Vulture funds and governments seek profit from Sudan debt relief
Today the Financial Times has reported that a group of vulture funds have hired lawyer Lee Buchheit to argue for debt relief for Sudan. They hope that if the North…
The New Debt Crisis in Southern Africa: Angola, Zambia and Zimbabwe
This is a guest post by Sunit Bagree, Senior Campaigns Officer, Action for Southern Africa (ACTSA), based on a talk given at the Jubilee Debt Campaign event ‘Breaking the chains: 1998…
Climate scheme hands $105 million profit to global insurance industry
• Caribbean disaster insurance scheme receives $293 million in premium payments and grants, pays out $131 million in claims, with $105 million going as profit to global insurers • Figures…
Mozambique campaigners launch scathing criticism of UK regulator
Leading civil society organisations in Mozambique have launched a scathing attack on the UK’s Financial Conduct Authority for dropping its criminal investigation into Credit Suisse over secret loans given in…
FCA decision to drop Mozambique investigation ‘deeply disappointing’
Reacting to reports that the UK’s Financial Conduct Authority has dropped its criminal investigation into Credit Suisse’s loans to Mozambique, Tim Jones, policy officer at the Jubilee Debt Campaign said:…
‘Outrageous’ Mozambique debt deal could make 270% profit for speculators
• People of Mozambique to pay $1.7 billion to $2.2 billion on original loan of $760 million, which was not agreed by Mozambique parliament, and which has been of no…
O negócio “ultrajante” da dívida de Moçambique pode gerar lucro de 270% aos especuladores
• O povo moçambicano poderá pagar entre US$ 1,7 bilhão a US$ 2,2 bilhões por um empréstimo original de US $ 800 milhões, sem o escrutínio da Assembleia da República,…