debt crisis

  • October 9, 2018

    New analysis from the Jubilee Debt Campaign show that China accounts for one-fifth of external debt owed by African governments. Recent  reports have claimed that China is responsible for causing new debt traps on the African continent. The new figures show that China’s role has indeed been growing, but its relative importance is less than often stated, especially in regard to countries currently in debt crisis.

  • 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.

  • January 26, 2015

    While the focus over Syriza’s win in the Greek general election is understandably the EU and debt, the really big issue facing the anti-austerity coalition is much more deeply embedded and will take longer to solve – corruption driven by debt.

  • January 26, 2015

    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.

  • January 26, 2015

    Syriza is right to be demanding cancellation of the debt which comes from bailing out European banks, says the Jubilee Debt Campaign.

  • September 9, 2013

    The G20 is not facing up to the causes of the global debt crisis and its impact on the poorest, says a leading NGO working on debt issues.

  • March 26, 2012

    A large gathering of people from south-west England and across Britain convened in Bristol on Saturday to explore visions of a New Economy.

  • March 8, 2012

    Cash strapped as it seeks to avoid the European debt crisis, Italy's parliament is debating a measure to force church-owned properties to pay property taxes.

  • February 14, 2012

    Archbishop Hieronymos II of Athens and All Greece has warned the Greek government of a possible social upheaval if more austerity measures are ushered in by international financial institutions overseeing the sovereign debt crisis.