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2007 news archive
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Gambia gets $140m debts cancelled After seven years, Gambia has at last completed the international debt cancellation process, which will see around 140 million dollars of its debts wiped out. 21 December 2007 |
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UK lets World Bank off the hook Campaigners have expressed disappointment at the UK Government’s decision not to use the World Bank's latest funding round to demand concrete action on conditions. 14 December 2007 |
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Liberia to enter debt cancellation process Liberia’s arrears to the IMF and African Development Bank have finally been cleared, opening the way for the country to start the multilateral debt relief process. 22 November 2007 |
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Debt campaigners hold Global Week of Action Jubilee campaigners in more than 60 countries have taken part in a global week of action against debt – and the financial institutions harming the world’s poor. 23 October 2007 |
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North East MPH take part in Great North Run For the fifth year in a row Jubilee Debt Campaigners from the Newcastle area took on Britain’s biggest sporting challenge and competed in the Great North Run. 4 October 2007 |
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Ecuador instigates debt audit The launch of the world’s first government-backed debt audit, in Ecuador, is a significant step forward in the illegitimate debt campaign. 26 September 2007 |
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World Bank to go on trial in India Community organisations across India are preparing for the Independent People’s Tribunal on the World Bank Group in India, to be held at Jawaharlal Nehru University in New Delhi from the 21-24 September 2007. It is the first event of its kind to be held in India. 17 September 2007 |
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Loan sharks resurface at Greenbelt Festival IMF and World Bank loan sharks were back out in force at the Greenbelt Festival in Cheltenham on the August Bank Holiday weekend, offering dodgy loans with the slogan 'If you can't pay - your children will'. 10 September 2007 |
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Birmingham interfaith group takes message to No. 10 An interfaith delegation from Birmingham and West Midlands Jubilee Debt Campaign delivered hundreds of messages to 10 Downing St on Wednesday calling for Gordon Brown to take further action on cancelling the debt of the world’s poorest countries. 19 July 2007 |
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IMF must seize chance for reform, after failure by World Bank The news that the head of the International Monetary Fund is to step down in October has given European countries a second opportunity this year to scrap the 60-year leadership selection fix at the international financial institutions. 12 July 2007 |
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Brown government urged to tackle roots of debt crisis Jubilee Debt Campaign has called on Gordon Brown and his new ministerial team to be bold in tackling the international debt crisis - by supporting efforts to make irresponsible lending, and the unjust debts that result, a thing of the past. 29 June 2007 |
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Vulture still hovering over Zambia A court hearing in London this morning put off for at least six weeks the decision on how much Zambia will have to pay the 'vulture fund' trying to scavenge millions from it. 9 March 2007 |
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Loan sharks stalk Glastonbury Sharp-suited loan sharks from the World Bank and International Monetary Fund cut a surprising figure at this year’s Glastonbury Festival, offering quick and easy loans to unsuspecting festivalgoers – with no questions asked. 26 June 2007 |
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Your Voice Against Poverty - 2 June Thousands of campaigners descended on central London on Saturday to deliver world leaders a clear message: the World Can't Wait for urgent action on poverty. 4 June 2007 |
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German G8 fails urgency test Poverty was back on the agenda at this year’s G8 meeting in Heiligendamm, Germany, with over half a million people in the UK raising their voices in advance of the summit. But the G8 leaders failed to take the urgent action needed. 11 June 2007 |
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The impact of debt on women revealed On International Women's Day, Jubilee Debt Campaign and partners have released a paper revealing how the crippling debt burden of poor countries makes a particular impact on women, and showing how debt relief must work for women and girls. 8 March 2007 |
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Wolfowitz resigns, but necessary change has only just begun Following the decision by World Bank President Paul Wolfowitz to step down on 30 June, Jubilee Debt Campaign is joining hundreds of other organisations worldwide in calling for radical changes in how the World Bank works, and how it selects its next leader. 20 May 2007 |
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Vulture scavenges millions from Zambia A private company has sued Zambia, one of the poorest countries in the world, for millions of dollars - but, significantly, got far less than it asked for after the judge ruled that its whole claim was not valid, and that some witnesses had been "dishonest". 15 February 2007 |
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Vulture's wings clipped by judgment The vulture fund targeting Zambia has been told it will get around $15.5 million - far short of the $55 million it was claiming, but still a huge sum for a country where 80% of people live on less than $1 a day. 24 April 2007 |
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G7 told to clear debt skeletons from the cupboard As the G7 Finance Ministers meet in Germany, campaigners point out that getting serious about corruption, good governance and transparency has to include looking at their own past behaviour and cancelling any outstanding debts which result from corrupt or negligent lending practices. 09 February 2007 |
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Faith leaders urge PM to further action on debt Seventeen leaders of faith and other communities today signed a letter to the Prime Minister urging him to take further action on the “affront and injustice of international debt.” 30 January 2007 |
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Jubilee Congregations and Jubilee Schools schemes launched The Archbishop of York has warmly welcomed Jubilee Debt Campaign’s new initiative, designed to help schools, and congregations of all religious traditions, to become more active in the fight for economic justice and against poor country debt. A Jubilee Congregation or Jubilee School will affirm its commitment to action on debt and receive an action pack and ongoing support. 30 January 2007 |
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Debt campaigners join World Social Forum Debt campaigners were among tens of thousands of people attending the World Social Forum in Nairobi this week, for the biggest annual gathering of campaigns, social movements, activists and experts who are working for social and economic justice. 25 January 2007 |
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Call for action on corruption Jubilee Debt Campaign is one of 130 organisations that have written to UK Prime Minister Tony Blair urging proper investigation of allegations of corruption surrounding UK company BAE's arms deal with Saudi Arabia. 15 January 2007 |
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Liberia slowly edging towards debt cancellation Liberia, one of the poorest countries in the world, has debts of more than 3.5 billion dollars. It is now edging towards debt cancellation, with some support from rich countries: but Liberia's debts, which are anyway of dubious legitimacy, need to be cancelled now. 12 January 2007 |
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