Developing country debt payments increase by 60% in three years

• Government external debt payments reach highest level since 2004 following lending boom and commodity price falls in recent years • Figures released before US Federal Reserve meeting where further interest rates rises are expected, which will push debt payments higher Figures released today by the Jubilee Debt Campaign, based on IMF and World Bank …

The truth about the UK’s debt: 10 key facts

Debt has been one of the main issues facing the UK economy. Austerity policies have been introduced in the name of reducing the UK government’s debt. But what do we know about this debt?

10 key facts which show the truth about the UK’s debt crisis

• Amount of interest being paid on government debt is at virtually the lowest level since records began • But the UK economy has the highest deficit with the rest of the world of any rich country, and is uniquely vulnerable to global financial shocks The UK government is paying virtually the lowest amount of …

History of debt

This timeline sets out a series of key dates and events in the history of global debt which have helped shape the way indebtedness is perpetuated to this day. 1800s Under the colonial system, territories in Africa, Asia and Latin America are captured and controlled by colonies. Their economies are run to provide raw materials …

Countries in crisis

A debt crisis is any situation where debt is leading to human rights being denied, or even being put ahead of life itself. In our map of debt crises below we evaluate which countries are in a debt crisis, and which are at risk of one (click on the map for a larger, more detailed, …

Africa subsidises the rest of the world by over $40 billion in one year, according to new research

Much more wealth is leaving the world’s most impoverished continent than is entering it, according to new research into total financial flows into and out of Africa. The study finds that African countries receive $161.6 billion in resources such as loans, remittances and aid each year, but lose $203 billion through factors including tax avoidance, …

Global debt crises and threats increase across the world

Twenty-seven countries across the world are in debt crisis, with a further 80 at risk of being so, according to new figures released for World Debt Day on 16 May. The figures, calculated by the Jubilee Debt Campaign, classify countries as in debt crisis if they have a large financial imbalance with the rest of …

Debt and economics workshops across the UK

Join Jubilee Debt Campaign in Newcastle, Manchester or London for an interactive, informative, educational day-long workshop looking at how debt and economics are impacting people around the world in 2017. Inequality and debt are on the rise – eight men now own as much wealth as half the world’s population. The debt payments of impoverished …

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