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.
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.
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.
Government statistics on the Benefit Cap released on 3 November 2016 have revealed that over a quarter of a million children have been affected by the Cap since it was introduced in April 2013. Additionally, the majority of families affected were accepted as not being able to work due to illness, disability or caring responsibilities.
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)
More than a million families with a household income below £30,000 are in extreme debt, and ongoing wage stagnation is making the problem worse, according to a new report published yesterday by the TUC and UNISON.