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UK money will be used for a ‘climate loan’ to Jamaica, increasing its already heavy debt burden, following a decision by the World Bank.
In the midst of another global debt crisis, the most powerful countries are still failing to regulate irresponsible lenders, says Jubilee Debt Campaign.
People dressed as skeletons protested outside the Department for Business earlier this week, urging Vince Cable to reveal the ‘skeletons in his cupboard’.
The Jubilee Debt Campaign (www.jubileedebtcampaign.org.uk/), to which Ekklesia is pleased to be affiliated, has done a fine job exposing the UK government's dodgy dealings with the former dictatorial regime in Egypt. The latest expose can be read here: http://www.ekklesia.co.uk/node/15629
The Department for Business is still demanding money from the Egyptian government to pay for loans made to ex-dictator Mubarak to allow him to buy arms.
The Deputy Prime Minister has pledged £5 million to help the Egyptian economy, but failed to mention the country's existing debt to the UK, inherited from Mubarak.
The Liberal Democrats have been accused of inconsistency after declaring their support for the Arab Spring.
European Union leaders have been urged to deliver “debt justice” as they prepare for an emergency summit on the economic crisis.
Jubilee Debt Campaign heralds a success, as the European Parliament says export credits should be guided by environment and development safeguards.
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.