Speculators make 13% despite Ebola crisis in DR Congo
No money paid out from pandemic insurance scheme because Ebola has not crossed into a second country Scheme is the latest to use public money to fund private sector profits…
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Former Credit Suisse banker pleads guilty over Mozambique loans
Former Credit Suisse banker Andrew Pearse has pleaded guilty to taking millions of dollars in kickbacks on three loans he helped arrange to three state–owned companies in Mozambique. The loans…
Tanzania refuses release of IMF debt risk analysis
Failure to publish means lenders still being guided by old ‘low risk’ rating Lesotho moves from low risk to moderate, while Timor-Leste moves from moderate to low risk The government…
IMF agrees loan to Congo after China pushes debt payments into the future
$449 million of loans agreed but no reduction in debt principal owed Debt negotiations with private commodity traders are still ongoing The IMF has agreed $449 million of loans to…
G20 falls short on loan transparency
Despite making debt transparency one of the key items for discussion this year, the 20 have failed to take decisive action to improve debt and loan transparency. In the final…
FCA failing poorer households over credit card debt
New report shows Financial Conduct Authority are failing to adequately protect consumers from high interest costs on credit cards Calls for a cap on the total cost of charges that…
Fears raised about cost of PPP hospital in Uganda
Uganda Debt Network says government has guaranteed $380 million in payments for hospital which was due to cost $250 million The Uganda Debt Network has raised concerns about the financing…
Vacancy: Campaign Support Officer
Job Title: Campaign Support Officer (One-year fixed term contract, 4 or 5 days per week) Location: London Salary: £29,393 pro rata Jubilee Debt Campaign is recruiting to a new Campaign…
One Mozambique loan declared illegal, but speculators set to make 240% profit
Introduction A fortnight ago in a major victory for our allies The Mozambique Budget Monitoring Forum (FMO), a network of 21 civil society organisations, the Mozambique Constitutional Council ruled one…
Welcome for Labour Party policy on loan transparency
The Labour Party has announced that if it were in government it would bring in an Act of Parliament to require loans to governments to be publicly disclosed. Reacting to…