Can Mozambique declare the $2 billion secret debts illegal?
In recent weeks there have been several arrests in Mozambique connected to the $2 billion secret loan scandal. This could indicate that the Mozambique government is now more willing to…
In recent weeks there have been several arrests in Mozambique connected to the $2 billion secret loan scandal. This could indicate that the Mozambique government is now more willing to…
Commenting ahead of the first meeting of the UK’s new Economic Crime Strategic Board, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “While welcome, today’s focus on economic crime…
Reacting to the news that three former Credit Suisse bankers have been arrested in London, as part of a US investigation into $2 billion of loans to Mozambique, Tim Jones,…
Interest rates on new developing country borrowing increased by an average of 2.2 percentage points over the course of 2018. Yields on low- and lower-middle income country debt, calculated by…
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…
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…
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…
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:…
• 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…
• Restructuring of Glencore loans reduces interest rates and extends maturity by four years • IMF accepts minimum needed to make debt ‘sustainable’, while country remains at high risk of…