Impact of debt relief in Bolivia
A new report has found social and economic improvements in Bolivia since debt cancellation in 2005, but other factors are also responsible. Fundación Jubileo (Jubilee Bolivia) have released research on…
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Belize misses interest payment
Belize has effectively defaulted on its debt, having missed a $23 million interest payment due on 20 August. Creditors are refusing a restructuring offer from one of the most heavily indebted…
Tunisian government to audit debts
Investigation to find if loans were stolen and taken out of country. Tunisian President Moncef Marzouki has announced his government plans to audit debts it owes, with the intention of…
IMF negotiating loan with Egypt
Protests against conditions and usury. The Egyptian government has announced it is in negotiations with the IMF on a $4.8 billion loan. The loan is likely to be disbursed over…
30 years since Mexico’s default, lessons for Greece
Thirty years from Mexico’s debt default, Greece must break the sadistic debt spiral. As Greece’s leaders pay down the latest multi-billion euro instalment on their debt, they would do well…
Norway announces first ever creditor debt audit
Today the Norwegian Minister of Development announced that Norway will make an assessment of the legitimacy of developing countries’ debt to Norway. This means that the government will be the…
Pakistan parliament to investigate country’s debt
Pakistan’s National Assembly is to form a committee to investigate the country’s debt. Both government and opposition have agreed a bipartisan investigation which will look into the benefits and costs…
Launch of ‘Jubilee for Justice’ call
Global poverty campaigners have called on the public to remember the original meaning of Jubilee during this weekend’s diamond jubilee celebrations, as they launch a new petition to the Prime…
Vulture Fund in London to claim $100 million from Congo
Vulture fund FG Hemisphere is seeking to claim $100 million from the DR Congo at the UK Privy Council on Monday 28th May, on a debt it bought for just…
Debt threat returns in developing world
Call for ‘new jubilee’ as financial crisis and ballooning private debt create new vulnerability in impoverished countries