jubilee debt campaign

  • September 20, 2017

    The UK Secretary of State for International Trade, Liam Fox, is visiting Mozambique this week. The country is in a debt crisis after Mozambican officials borrowed $2 billion from the branches of two London based banks, Credit Suisse and VTB Capital, in 2013.

  • July 5, 2017

    A summary of the independent audit into the secret loans to Mozambique has been released by US company Kroll. While information is still lacking in many areas, it offers a strong critique of the deals, providing further evidence of why the Mozambique people should not have to make one dollar of debt payments, says Jubilee Debt Campaign.

  • March 24, 2017

    Campaigners in Mozambique have called for secret debts to be cancelled before the IMF lends to the country again, alongside a range of measures including public disclosure of the audit into the debts, mechanisms to hold leaders accountable for actions and greater tax collection from megaprojects in the country.

  • February 27, 2017

    The Gambian government have said that former President Yahya Jammeh stole at least $50 million, and left the government with a debt of $1 billion. The most recent figure from the IMF is that the Gambia’s total government debt is $881 million.

  • November 24, 2016

    Calculations by the Jubilee Debt Campaign have shown that the future borrowing costs of African governments rose across the board in the week, following Donald Trump winning the US Presidential election.

  • October 12, 2016

    Ghana is in a debt crisis. Having had significant amounts of debt cancelled a decade ago, the country is losing around 30 per cent of government revenue in external debt payments each year according to a new report from Jubilee Debt Campaign (JDC)

  • April 11, 2016

    Impoverished country governments could be up to $61 billion worse off in 2016 as a result of the crash in global commodity prices and strengthening of the US dollar. This is reducing government revenue and increasing the relative size of debt payments in foreign currencies.

  • January 28, 2016

    £139 million of ‘made-up money’ will count as UK aid and contribute towards meeting the UK government’s target for spending 0.7 per cent of national income on aid, documents released under the Freedom of Information Act have revealed.

  • November 12, 2015

    Campaigners protested outside a conference in London on 9 November to warn of the dangers to government finances of public-private partnerships.

  • September 2, 2015

    Ukraine has reached an in principal agreement with some of its bondholders to reduce the amount of debt owed by 20 per cent and to suspend payments for four years.