Jubilee Debt Campaign
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Campaign news

You can read the latest for our current campaigns here:
Jubilee for Justice | Dodgy Deals | Vulture Funds

For media enquiries and press releases click here.

Campaigners call for Pakistan debt freeze as repayments undermine fight against poverty
New government faces crisis as debt payments increase rapidly.
21 May 2013

 

Zambia to regulate capital movements in attempt to tackle tax avoidance
Monitoring of movement of money out of the country, particularly by mining companies.
1 May 2013

 

Recognition of Somali government opens way to debt negotiations
Country been in default since 1991, could enter debt relief initiative.
1 May 2013

 

Rwanda borrows 5 per cent of GDP in one bond issue
The Central African country had to get an exemption from IMF to do so
30 April 2013

 
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Debt payments rising as HIPC comes to an end
Payments by countries in receipt of debt relief likely to have increased dramatically in 2012
29 April 2013

 
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Grenada’s Prime Minister calls for debt cancellation
Government has defaulted, and says it cannot afford to pay.
24 April 2013

 

Tanzanian activists call for none payment of World Bank water debt
Campaigners in Tanzania have called on their government not to repay $61.5 million to the World Bank on loans for a water project which yielded ‘no positive results’.
23 April 2013

 
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Campaigners take Zimbabwe debt call to Bank HQ
Debt Justice for Zimbabwe postcards delivered to African Development Bank at headquarters in Tunisia.
2 April 2013

 

Tunis: A tale of two World Social Forums
The WSF needs updating for a post-Arab Spring, post-Indignado world, writes Nick Dearden. The problems and possibilities were both on show in Tunisia.
31 March 2013

 
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Egypt struggles to borrow to buy wheat
US government guarantees loans for food, whilst Qatar and Libya lend $4 billion
27 March 2013

 
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Grenada heading towards debt default
Government missed interest payment due on 15 March, calls for a debt restructure.
26 March 2013

 

IMF tells El Salvador to agree austerity before elections
Debt payments equivalent to a quarter of government revenue.
22 March 2013

 

Cyprus should learn from Icelandic approach to bust banks
Tim Jones: The people of Cyprus needs to follow Iceland’s example, and make reckless lenders take a hit, whilst protecting deposits of ordinary Cypriots.
20 March 2013

 

Armenia facing high debt payments in 2013
IMF and World Bank are responsible for almost two-thirds of the debt
1 March 2013

 

Jamaica seeks IMF bailout as debt payments soar
Limited debt exchange could be counterproductive
28 February 2013

 

Comoros qualifies for debt relief
Island archipelago's foreign owed debt will fall from 42 per cent of GDP to 20 per cent.
27 February 2013

 

Nick Dearden blogs from debt campaigner delegation to Greece
Jubilee Debt Campaign's Director is blogging from Greece, where he is part of a delegation of international debt campaigners witnessing the effects of the country's debt crisis.
16-24 February 2013

 
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Economic change is about justice, not charity, say faith leaders
MPs heard calls from faith leaders on Tuesday to pursue radical policies that will lead to justice for the poorest people in both the UK and the world.
5 February 2013

 

Apply now to run the Great North Run 2013
David Golding, of Jubilee Debt Campaign at Newcastle University and the North East Call to Action, explains how to apply to be part of our Great North Run team.
23 January 2013

 

Campaigners criticise ‘premature’ Burma debt cancellation
$5.9 billion to be written-off and new loans to military dictatorship to begin.
28 January 2013

 

UK campaigners place advert in Buenos Aires Herald telling vulture funds: ‘Claws off Argentina’
Debt activists welcome Libertad back home, support Argentina’s right to refuse to pay vultures
11 January 2013

 
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UK backed 'development' factory costs Mozambique millions in lost taxes
Richer countries make eight times more than Mozambique from aluminium smelter
8 January 2013

 

Stories and films from the Birmingham Crash! conference
The Crash! conference in Birmingham on 24 November brought together 150 people to learn about the basics of the financial crisis and discuss what to do about it.
7 January 2013

 

Argentine ship ordered to be released from Ghana
Vulture fund trying to seize boat as payment on unjust debt
15 December 2012

 

Nick Dearden: Guatemala's Chixoy dam: where development and terror intersect
A 1982 massacre paved the way for a hydroelectric dam built with development bank funds. What lessons have been learned?
10 December 2012

 

Indonesians paying £20 million for weapons used in repression
Payment on loans to past dictator General Suharto.
30 November 2012

 

Goodnight Greece – Good morning Colony!
Greek Debt Audit Campaign announcement on the November 27 Eurogroup decision.
30 November 2012

 
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MPs inquiry calls for end to dodgy deals
A cross-party group of MPs has released a report into UK Export Finance - or what we call the Department for Dodgy Deals.
28 November 2012

 

States of Jersey legislate against vulture funds
Forty impoverished countries to get protection in island's courts.
20 November 2012

 

Nick Dearden blogs from Florence
Firenze 10+10 attempts to wake-up Europe's activists: how much longer can we abandon Greece?
12 November 2012

 
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Egyptian groups speak out against IMF loan
Egyptian civil society and political groups have written an open letter to the head of the IMF, Christine Lagarde, and the Egyptian President, to oppose the IMF's proposed $4.8 billion loan to Egypt.
12 November 2012

 

Greece on the brink as bailout and austerity cycle deepens
The social and economic crisis in Greece is continuing, as the country votes on more cuts demanded by the Troika in return for a new bailout loan.
7 November 2012

 

Open letter from Nobel Peace winner to Argentina and Ghana Presidents over Vulture Fund dispute
Argentine organizations denounce violation of sovereignty and illegitimacy of the debt claimed by vulture fund NML Capital in attack through Ghanaian courts.
31 October 2012

 
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US court verdict on Argentine debt could cause chaos
Ruling in favour of vulture funds may force Argentina to either pay-up on unjust debt, or default on its loans to all creditors.
30 October 2012

 

Laos' ‘debt distress’ eases so will get fewer grants and more loans
Decision due to small change in World Bank view of policies, rather than smaller debt or larger earnings.
29 October 2012

 
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Crown dependencies introducing vulture fund bills
By early 2013 Jersey, Guernsey and Isle of Man should all have introduced the same law as UK to limit claims by vulture funds.
29 October 2012

 
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Ecuador to help Tunisia audit debt
South American country to share its debt audit experience.
26 October 2012

 

Sierra Leone debt creeping up
Payments could soon be back to same level as before debt cancellation, with IMF and World Bank accounting for more than half of lending.
25 October 2012

 

Week of Global Action Against Debt and IFIs
Statement from the Spanish Citizen Debt Audit Platform on Global Debt Week 2012.
8-15 October 2012

 

Unjust debt goes to the heart of inequality. We need a new jubilee
John Sentamu: Only far-reaching changes to the global economy will stop the burden of debt falling on the poorest in our societies.
9 October 2012

 

October 13 Against Debt
A statement from Real Democracy Now!, the group formerly known as the Indignados in Spain, and Strike Debt from the US.
4 October 2012

 
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Campaigners slam latest vulture fund attack on Argentina
Naval vessel seized in Ghana by hedge fund run by major Romney donor.
4 October 2012

 
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IMF $2.7 billion gold windfall to subsidise lending
Call to use funds for debt cancellation rejected in favour of subsidising lower interest rates on loans.
28 September 2012

 
Guinea flag

Two-thirds of Guinea's debt to be cancelled
$2.1 billion to be written-off, cutting expected debt payments.
27 September 2012

 

Jubilee runners do the Mobot at Great North Run
The Great North Run is “the most iconic half-marathon on the planet”, watched live on BBC TV by tens of millions of people.
20 September 2012

 

Nick Dearden blogs from Egypt
Jubilee Debt Campaign's Nick Dearden is in Cairo this week to meet with the Popular Campaign to Drop Egypt's Debt. This is his blog.
6-10 September 2012

 
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Impact of debt relief in Bolivia
Social and economic improvements since cancellation in 2005, but other factors also responsible.
5 September 2012

 
Belize flag

Belize misses interest payment
Creditors so far refusing debt restructuring offer.
4 September 2012

 
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Tunisian government to audit debts
Investigation to find if loans were stolen and taken out of country.
3 September 2012

 
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IMF negotiating loan with Egypt
Protests against conditions and usury.
30 August 2012

 

30 years since Mexico’s default, lessons for Greece
Nick Dearden: Thirty years from Mexico's debt default, Greece must break the sadistic debt spiral.
20 August 2012

 

Norway announces first ever creditor debt audit
Today the Norwegian Minister of Development announced that Norway will make an assessment of the legitimacy of developing countries’ debt to Norway.
15 August 2012

 

Pakistan parliament to investigate country’s debt
Pakistan’s National Assembly is to form a committee to investigate the country’s debt.
1 August 2012

 

UN adopts strong guidelines on debt and human rights
Independent expert’s report welcomed by most, but opposed by EU and United States.
31 July 2012

 

Debt on the increase in Djibouti
IMF and World Bank say Djibouti at high risk of not being able to pay its debts, but it is not heavily indebted.
30 July 2012

 
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Vulture fund loses case against Congo
Campaigners tell Jersey to pass vulture funds law as big questions remain about funds in Jersey.
18 July 2012

 
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Coalition ditches green exports pledge
News comes as increase in loans to buy British exports announced
17 July 2012

 
Cote d'Ivoire flag

Côte d’Ivoire to get 60% of debt cancelled
The International Monetary Fund and World Bank have announced that Côte d’Ivoire will get up to $7.7 billion of its $12.9 billion debt cancelled.
27 June 2012

 
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Cable criticised for backing reckless loans
UK Export Finance backs £33m of loans, including for coal, nuclear, methanol and gas, without conducting any assessment of their impact.
26 June 2012

 
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Drop Egypt's Debt writes open letter to IMF
The Popular Campaign to Drop Egypt's Debt demands, in an open letter, that all conditionality clauses relating to the proposed $3.2 billion IMF loan to Egypt be revealed.
28 April 2012

 
Dodgy Deals

Businesses refuse to appear before inquiry
Arms exporters BAE Systems, Thales and Carillion, and oil multinational BP, have refused to appear before a parliamentary inquiry into UK Export Finance.
22 June 2012

 
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Vulture in London to claim $100m from Congo
Vulture fund FG Hemisphere is seeking to claim $100 million from the DR Congo at the UK Privy Council on Monday 28th May, on a debt it bought for just $3 million.
25 May 2012

 
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Debt threat returns in developing world
Call for ‘new jubilee’ as financial crisis and ballooning private debt create new vulnerability in impoverished countries.
20 May 2012

 
Dodgy Deals

Japan to write-off some of Burma's debt
Japan has announced it will write-off $3.7 billion of the $6 billion owed to it by Burma.
15 May 2012

 
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UK backed millions in loans for Zimbabwe jets
The UK government backed multi-million pound loans used by Zimbabwe to purchase British military aircraft used in the Democratic Republic of Congo conflict.
8 May 2012

 

The Greek Elections and the question of debt
With elections due in Greece on Sunday, Costas Todoulos surveys where the parties stand on the crucial issue of debt.
3 May 2012

 

Rich countries fail to silence UNCTAD
The UNCTAD summit in Qatar has concluded with rich country governments failing in their attempt to marginalise and undermine the UN body.
27 April 2012

 
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Dictator Debt Die-in at Dodgy Deals Department
Jubilee Debt Campaign and London Campaign Against Arms Trade staged a die in at Vince Cable’s business department to highlight its role in financing arms sales. 
17 April 2012

 
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Argentina still ‘owes’ UK dictator debt for Falklands arms
New information from National Archives raises further questions on the odious nature of British loans.
9 April 2012

 
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Egyptian government considers IMF loan
The Egyptian government is considering taking a loan for $3 billion; roughly the same amount the North African country will spend in foreign debt repayments this year.
3 April 2012

 
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Hundreds debate a global economy 'for the 99%'
Economic justice activists from across the UK discussed ideas, stories and tactics from around the world at a lively conference in Manchester on Saturday.
22 March 2012

 
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UK government goes back on debt relief pledge
The UK government has failed to cancel £19 million of debt owed by the Democratic Republic of Congo, even though it has pledged to do so.
21 March 2011

 

Lib Dems urged to reveal 'Skeletons in Cupboard'
Delegates to the Liberal Democrat Spring Conference on Tyneside on Saturday were surprised to be confronted with 'Drop the Debt' campaigners dressed as skeletons.
12 March 2012

 
Sri Lanka's flag

More loans and debt for Sri Lanka
South Asian country's debt is increasing following the financial crisis, including loans backed by the UK government.
7 March 2012

 
Guinea flag

Guinea set to borrow $200 million from IMF
West African country could get some debt cancelled in next few years, but new loans to pay old loans will not be included.
2 March 2012

 
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UK government rejects calls for Zimbabwe audit
Secretary of State for International Development Andrew Mitchell has said the UK does not support the holding of a debt audit in Zimbabwe.
22 February 2012

 

Greece is a smokescreen for the mother of all bank bailouts
Nick Dearden: Europe must urgently learn the lessons of the developing world's Structural Adjustment disaster.
21 February 2012

 

Greek Debt Audit Campaign statement
The Greek Debt Audit Campaign has released this statement in reponse to the proposed new bailout package and Private Sector Involvement.
12 February 2012

 
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Jersey plans to crack down on vulture funds
Jersey Chief Minister Ian Gorst has announced that he will introduce legislation in Jersey to limit vulture funds profiteering on some impoverished country debt claims.
1 February 2012

 

Great North Run: Now recruiting for 2012
University team acclaimed by national agencies now recruiting for 'Tenth Glorious Year'.
27 January 2012

 

Debt zombies protest outside Irish embassy
Campaigners dressed as ‘zombie bankers’ outside the Irish embassy in London today to show their support for newly-formed Irish group Debt Justice Action.
24 January 2012

 

Vulture funds profit from Greek misery
As EU and IMF negotiators head back to Greece, hedge funds hold out for their pound of flesh, writes Nick Dearden.
16 January 2012

 
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