Reach tens of thousands of people instantly by advertising with Ekklesia. Find out more
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.
The IMF has announced that it will cancel almost $100 million of debt owed by Guinea, Liberia and Sierra Leone.
It is not the people of Greece who have benefitted from bailout loans from the IMF, EU and European Central Bank, but the European and Greek banks which recklessly lent money to the Greek State in the first place.
The election of anti-austerity coalition Syriza in the parliamentary elections in Greece opens up a new path for tackling debt, say reformers.
Syriza is right to be demanding cancellation of the debt which comes from bailing out European banks, says the Jubilee Debt Campaign.
New figures predict that current rates of lending could lead to debts becoming unsustainable in many impoverished countries over the next decade.
The United States Supreme Court has decided not to hear Argentina’s appeal against a $1.3 billion award to two US-based vulture funds.
UK Export Finance has a track record of funding dodgy deals which undermine human rights and leave a legacy of unjust debts, says Jubilee Debt Campaign in response to Budget proposals.
The enormous financial burden the Philippines labours under in servicing international debt must be lifted, says Christian Aid and other NGOs.
A month after Typhoon Haiyan, three leading development NGOs are calling for the debt of the Philippines to be cancelled.