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Figures calculated by the Jubilee Debt Campaign, based on recent data from the World Bank show that loans to impoverished countries have almost tripled since 2008.
UK campaigners have slammed a US court decision which they say allows Argentina to be ‘held to ransom’ by vulture funds.
The International Monetary Fund has agreed in principle to lend $5.3 billion to Pakistan over three years.
The UK is experiencing a slower economic recovery than 23 of the 33 advanced economies monitored by theIMF, according to new analysis published by the TUC.
Startling new research has found that debt burdens in impoverished countries have increased significantly since the debt cancellation of the 2000s.
In the midst of another global debt crisis, the most powerful countries are still failing to regulate irresponsible lenders, says Jubilee Debt Campaign.
Campaigners have warned that the rumoured 50 per cent write-down in Greece’s debt not enough to get out of debt and austerity trap.
Civil society groups are calling for an open and fair process to elect the new head of the International Monetary Fund following Strauss-Kahn's resignation.
On 6 April 2011 the International Monetary Fund is meeting in Washington DC to discuss for the first time how to spend a $3 billion windfall from selling gold and lending more money since the financial crisis.
If South Sudan secedes, the new country should not start life with a debt burden, says the Jubilee Debt Campaign