Reaction to G20 statement on debt
Reacting to the G20 leader’s statement section on debt in low- and middle-income countries[1], Tim Jones, Head of Policy at Debt Justice said: “A tidal wave of debt crises is…
Reacting to the G20 leader’s statement section on debt in low- and middle-income countries[1], Tim Jones, Head of Policy at Debt Justice said: “A tidal wave of debt crises is…
Today the UK government has announced that new lending UK Export Finance makes to low-income countries and small island states will include clauses to defer payments when countries are hit…
300 organisations from 56 countries demand debt cancellation for developing countries, as IMF and World Bank meetings take place in Washington Demonstrations will take place across the world to coincide…
New analysis by Debt Justice finds that average interest rates on new borrowing by lower income countries have increased by 5.7 percentage points this year, almost three times the rate…
Over 100 economists and development experts have called on BlackRock and other creditors to cancel a significant amount of Zambia’s debt. In an open letter released today, the signatories –…
The IMF has released its Debt Sustainability Assessment for Zambia.[1] The documents say that $8.4 billion of debt payments needs to be cancelled by government and external private creditors between…
Over the weekend, China, the UK and other government lenders agreed to negotiate a debt restructuring with Zambia. The move was met with headlines such as “China agrees landmark debt…
African governments owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest, according to research released today by…
New calculations released by anti-poverty campaigners Debt Justice today show that G7 countries are responsible for 51% of external debt payments by lower income countries. On the same basis, China…
Campaigners demonstrated outside BlackRock’s London office on day of annual earnings release BlackRock, the world’s richest asset manager, could make $180 million profit from Zambian debts for itself and its…