Sovereign debt crises: Stop bailing out reckless lenders
Briefing available in English, French and Spanish In this briefing 34 civil society organisations set out how IMF loans are used to bail out reckless lenders. They call for the…
Briefing available in English, French and Spanish In this briefing 34 civil society organisations set out how IMF loans are used to bail out reckless lenders. They call for the…
New research by the Jubilee Debt Campaign indicates a major breach by the IMF of its own policies, with $93 billion of lending to highly indebted countries, without any debt…
IMF broke own rules to agree loans last year without a debt restructuring taking place By bailing out reckless lenders, the IMF repeats the same mistakes it made in Greece…
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…
$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…
External debt payments by developing country governments grew by 85%, as a proportion of government revenue, between 2010 and 2018 For the countries with the highest payments, in two-thirds public…
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…
The legitimacy of the debt must be challenged and proposals for a public debt audit resuscitated. Dan Ozarow is Chair of Jubilee Debt Campaign’s Academic Advisory Network and member of Action…
In November the IMF agreed a new $172 million loan programme with Sierra Leone, spread over the next 3 and a half years, until mid-2022. At the same time, the…
UK Prime Minister calls for implementation of 2017 guidelines But UK government itself has been unwilling to implement these limited guidelines for loans from UK-based banks and companies G20 governments…