Jubilee Debt Campaign
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LATEST PRESS RELEASES

EU and US ‘trade’ deal increases risk of financial crisis
Could lead to removal of regulations on banks
17 June 2013

 

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

 

Call for Jamaican debt cancellation as bailout loan agreed
The IMF is today (Wednesday 1 May) set to agree a $1 billion four-year bailout loan for Jamaica.
1 May 2013

 

Debt ‘vultures’ told to keep claws off Argentina
Campaigners dressed as vultures will protest outside ‘vulture fund’ Elliot Advisors on Tuesday 26 February
26 February 2013

 

German debt cancellation shows equitable way to solve Europe's crisis
German, Irish, Spanish and British debt campaigners tell Troika: 'learn from history'
25 February 2013

 

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

 

Faith leaders to tell MPs that world needs new financial system
Christian, Jewish, Muslim and Sikh leaders will urge MPs to support a radical overhaul of the financial system in a meeting in Parliament on Tuesday 5 February.
1 February 2013

 

European debt crisis: Faith leaders call for radical economic change
347 faith leaders sign letter calling for a 'Jubilee for Justice'
24 January 2013

 

Scale of UK arms loans to dictators revealed for first time
Ed Davey may have misled parliament over Egypt's dictator debts
5 November 2012

 

Launch of 'Jubilee for Justice' call
Global poverty campaigners have called on the public to remember the original meaning of Jubilee during this weekend’s diamond jubilee celebrations, as they launch a new petition to the Prime Minister calling for a ‘Jubilee for Justice’.
31 May 2012

 

Vulture Fund in London to claim $100 million 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

 

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

 

Osborne must stop the Greek vultures
Campaigners ask Chancellor to legislate against vulture funds taking action against Greece in British courts
17 May 2012

 

UK backed millions in loans for Zimbabwe fighter jets
The UK government backed multi-million pound loans used by Zimbabwe to purchase British military aircraft that were used in the Democratic Republic of Congo conflict, investigations have revealed for the first time.
8 May 2012

 

Campaigners condemn UK hypocrisy on debt at UN negotiations
Several well-placed sources at the United Nations Conference on Trade and Development in Doha, Qatar, have revealed that the UK is blocking discussion of principles on how governments can lend and borrow responsibly.
26 April 2012

 

UK development fund implicated in money-laundering investigation
Campaigners slam Government's development approach as DfID-backed private equity fund comes under criminal investigation in Nigeria.
17 April 2012

 

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

 

‘Irish deal simply recycles zombie debts'
Social justice campaigners in the UK supported the Irish ‘Anglo: Not Our Debt Campaign' in criticising the Irish government's plans to restructure the country's ‘zombie bank' debt as ‘totally inadequate' today.
30 March 2012

 

Osborne must stop the Greek vultures
Campaigners tell Chancellor to legislate against vulture funds taking action against Greecein British courts.
9 March 2011

 

Vulture funds try to convince UK Government to freeze out Argentina
Lobbyists for a group of 'hold-out' investors are in London to persuade the British Government to take punitive action against Argentina to help their claims against the country.
1 March 2012

 

EU must not 'enslave' Greece at behest of banks
Anti-poverty campaigners say Greek austerity package is ‘structural adjustment for Europe’
20 February 2012

 

Jersey announces plans to crack down on vulture funds
Jersey Chief Minister Ian Gorst is proposing to introduce legislation to limit vulture funds profiteering on debt claims from some of the world’s poorest countries.
1 February 2012

 

Irish Government should stop 'zombie bank' payments
UK Campaigners support Irish call to halt payments on Anglo-Irish debt 
23 January 2012

 

Campaigners call for halt to Anglo Irish Bank payments
A new campaigning network has today launched in Ireland calling on the Irish government to stop paying the debts of the former Anglo Irish Bank / Irish Nationwide Building Society (INBS).
18 January 2012

 

Vulture Funds profit from Greek Misery
As EU negotiations recommence in Greece, debt campaigners condemn ‘speculators who are gambling with the lives of Greece's people'  
16 January 2012

 

Ministers planning to massage aid figures when cancelling unjust debt
UK ministers are planning to use cancellation of a made-up debt to help meet their overseas aid target. Sudan currently ‘owes’ £678 million ($1bn) to the UK, and might qualify for debt cancellation in the next few years.
29 December 2011

 

Jubilee campaign calls for European debt cancellation
Jubilee Debt Campaign today called for a cancellation of many of the debts owed between European countries. They urged Europe’s leaders to combine this with market regulation to prevent debt crises in the future.
8 December 2011

 

Vince Cable's export unit breaks coalition's green promise
UK's ECGD backs $1bn of loans for deep-sea oil drilling as climate talks take place in Durban.
1 December 2011

 
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Details of Zimbabwe's $7bn debt revealed for first time
Newly uncovered documents reveal that Zimbabwe’s £210 million debt to the UK includes loans from Tony Blair’s government to Zimbabwe’s police force while they were engaged in internal repression.
30 November 2011

 

Vulture fund demands millions from DR Congo in illegal debt
Jubilee Debt Campaign has today called on vulture fund FG Hemisphere to drop its multimillion dollar debt claim against the Democratic Republic of Congo. An investigation has revealed the debt may have been obtained illegally and is linked to political corruption.
16 November 2011

 

G20 failure to tackle debt ‘incredible’
Jubilee Debt Campaign reaction to the G20 summit in Cannes
4 November 2011

 

UK lends ‘climate loan’ to heavily indebted Jamaica
UK money will be used for a ‘climate loan’ to Jamaica, increasing its already heavy debt burden, following a decision by the World Bank this week.
4 November 2011

 

'Skeletons' lobby Cable to come clean on loans to dictators
People dressed as skeletons protested outside the Department for Business yesterday evening, urging Vince Cable to reveal the ‘skeletons in his cupboard’. The event followed news that the department is still demanding payment from Egypt for money used to fund arms for Mubarak.
1 November 2011

 

Vince Cable's department demanding payment for arms sales to Mubarak
Newly uncovered documents by Jubilee Debt Campaign reveal that Vince Cable’s Department for Business is still demanding money from the Egyptian government in payment for loans made to General Mubarak to allow him to buy arms.
30 October 2011

 

Write-down of 50 per cent in Greece’s private debt is not enough
Jubilee Debt Campaign today warned that the if the rumoured 50 per cent write-down in Greece's debt owed to private creditors actually happens, it will not be enough to get the country out of its debt and austerity trap.
26 September 2011

 

Liberal Democrats adopt tougher policy on responsible exports
Yesterday at Liberal Democrat party conference strong policy to reform the government’s Export Credits Guarantee Department (ECGD) was adopted.
21 September 2011

 

Liberal Democrat inaction over dictator debts contradicts commitments to democracy
Liberal democrats support moves to democracy after “Arab Awakening”
But the party fails to implement its policy on invalidating debts which were run up by reckless lending to dictators; in the region and beyond.
20 September 2011

 

Poorest countries take back seat as IMF Board frets over cost of Greek default
IMF member countries have failed to come to a decision on how to spend a $3 billion windfall amidst concerns by some members that they need to put funds aside in case Greece defaults on its debts.
13 September 2011

 

EU Emergency Summit must deliver debt justice
On the eve of the EU Emergency Summit which will take place tomorrow, Thursday 21 July, Director of Jubilee Debt Campaign Nick Dearden said: “The failure of European leaders to come up with a just solution to the financial crisis has pushed Europe to the edge of calamity and forced ordinary people to suffer terrible hardships."
20 July 2011

 

South Sudan set to start life debt free
It is expected that with South Sudan independence, North Sudan will agree to keep all of Sudan’s $38 billion debt.
9 July 2011

 

UK subsidies for Airbus makes mockery of ‘greenest government ever’ claim
Comment from Jubilee Debt Campaign, WWF-UK and Jubilee Scotland on the annual report of the Export Credits Guarantee Department.
7 July 2011

 

Reaction to the appointment of Christine Lagarde as head of the IMF
The IMF has selected Christine Lagarde to replace Dominique Strauss-Kahn as Managing Director of the IMF.
29 June 2011

 

G8 must cancel Egypt's unjust debts
Campaigners call for Egypt and Tunisia to be freed from dictator loans and control by international financial groups
26 May 2011

 

Cancel all Egypt's unjust debts, says Jubilee Debt Campaign
Jubilee Debt Campaign has called for all of Egypt's unjust debts to be cancelled, following reports that President Obama will announce a $1 billion write-off of debt owed by Egypt to the US.
19 May 2011

 

Irish national debt audit to determine real picture
Independent audit will follow Greek lead in seeking truth about debt and cuts
4 May 2011

 

IMF crisis windfall should be used to cancel debt
Jubilee Debt Campaign has joined an international campaign for the IMF to use windfall profits from the sale of gold to cancel debts.
4 April 2011

 

Vulture funds law set in stone
Clamp down on Third World Debt profiteering to become permanent.
28 March 2011

 

Another bank bailout will not help Portugal
Anti-poverty campaigners call on Portugal’s creditors to write down debts.
25 March 2011

 

BP violated human rights rules, says UK government
Company failed to respond to alleged intimidation by Turkish security forces along its UK-backed Caspian oil pipeline. Ruling places BP in breach of loan agreements, say campaigners.
9 March 2011

 

Campaigners call for Greek Debt Audit
‘Public commission would help put Greek people in charge of economy'
3 March 2011

 

Government export push 'could create toxic debt'
As the Government launches a new Trade White Paper (1), campaigners and MPs have warned that plans to expand the activities of Britain’s export credit agency, the ECGD, could spell disaster for some of the world’s poorest people if changes are not made to how the ECGD operates.
9 February 2011

 

South Sudan should not be saddled with inflated unjust debts
New figures reveal that up-to 90 per cent of Sudanese debt owed to the UK is interest
31 January 2011

 

Lord Green told: Britain’s exports must stop harming people and planet
New report details string of ‘dodgy deals’ at export support body
24 January 2011

 

South Sudan should not be born into debt
If South Sudan secedes the new country should not start life with a debt burden.
7 January 2011

 

Funding increase for the World Bank means more loans and debt
An 18 per cent increase in funding for the World Bank will mean more loans and debt for the poorest countries.
15 December 2010

 

Cancun: Anger grows at World Bank role in climate
Rich countries ignore majority of the world and push World Bank to control climate finance.
8 December 2010

 

Liberia agrees debt settlement with offshore 'Vulture Funds'
Landmark UK law helps Liberia agree repayment at 3% of face value.
23 November 2010

 

Rich countries express concern at vulture funds
Democratic Republic of Congo gets $7.4 billion of debt cancellation
18 November 2010

 

Anger over UK's controversial climate loans
Government threatens to send UN climate donations to local charity.
17 November 2010

 

Vulture Fund awarded $100m in Jersey court
FG Hemisphere awarded $100 million from DR Congo for 1980s debt.
4 November 2010

 

The Co-operative Calls on Government to Tackle Unfinished Business of Third World Debt
The Co-operative today (4 November) called on the Government to finish the job of Third World debt cancellation via reformation of the Export Credits Guarantee Department (ECGD), which accounts for £2bn, or over 90 per cent, of debts owed to the UK.
4 November 2010

 

Unanswered questions if ECGD joins 'bonfire of quangos'
Jubilee Debt Campaign has responded to reports that the Export Credits Guarantee Department is “under review” as part of the Government’s ‘bonfire of quangos’ (1).
24 September 2010

 

Campaigners condemn IMF and World Bank’s ‘cynical’ loans to Pakistan
Jubilee Debt Campaign (1) has harshly criticised today’s announcements by the International Monetary Fund and World Bank of emergency loans to Pakistan, calling them ‘cynical’ and ‘dishonest’.
2 September 2010

 

British charities call for debt cancellation for Pakistan
Campaigners tell IMF to drop conditions and freeze debt payments.
31 August 2010

 

Campaigners call for debt cancellation for Pakistan
Debt activists fear that aid will be dwarfed by debt repayments; warning over new loans.
23 August 2010

 

Vince Cable told: ‘End Britain’s Dodgy Deals’
Campaigners call on Business Secretary to overhaul British support to exporters.
13 August 2010

 

Liberia receives debt cancellation
Campaigners welcome debt cancellation to world's most indebted country and call on international community to repay their debt to Liberia.
30 June 2010

 

Landmark Law Passed to Tackle Vulture Funds
UK becomes first country to ban ‘Third World Debt’ profiteering in final hours of Parliamentary session
8 April 2010

 

Vulture Funds Bill passes Commons
Bill to stop ‘Third World Debt' profiteering on track to become law this week
7 April 2010

 

Campaigners welcome Government's manifesto commitment to anti-poverty legislation
Jubilee Debt Campaign welcomed the Labour Party's manifesto commitment, announced this evening, to legislate on vulture funds if they win the General Election.
27 March 2010

 

Tory MP kills anti-poverty bill
Move comes on day former Tanzanian President backs the bill
12 March 2010

 

Yorkshire MP threatens to derail anti-poverty bill
Philip Davies, Conservative MP for Shipley in Yorkshire has tabled an amendment to the Debt Relief (Developing Countries) Bill which threatens to derail the legislation when it comes up for its third reading in Parliament tomorrow.
11 March 2010

 

Iceland voters should demand new debt system
Campaign group calls for arbitration over Icesave debts; new international system would help fight poverty
5 March 2010

 

Taxpayers’ money could fund child labour or slavery overseas under new rules, warn campaigners
Taxpayers’ money could be used to fund child labour or slavery under new government proposals, campaign groups warned today.
3 March 2010

 
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Vultures Bill passes second reading, but Tories slow progress
Call for Conservatives to commit to future legislation on vulture funds if time runs out before election
26 February 2010

 

Parliament to vote on Vulture Funds bill tomorrow
Liberian President supports UK law on vultures; campaigners press parties for commitment to enact law within 12 months
25 February 2010

 

City law firm criticised for vulture fund cases
Global poverty campaigners staged a 'cake sale' this morning outside the London offices of Dechert LLP, the multinational law firm which represents many so-called ‘vulture funds’(1) in taking money from the poorest countries in the world.
24 February 2010

 

Unique conference on multifaith responses to global poverty
A unique conference focuses on multi-faith responses to global poverty and international debt
23 February 2010

 

Bangladesh resisting climate finance over World Bank involvment
Campaigners protest to tell DFID not to force World Bank on Bangladesh.
15 February 2010

 

European campaigners demand G7 cancel Haiti's debts
Campaigners condemn debt cancellation failure
4 February 2010

 

Venezuela cancels Haiti’s debt
Campaigners fear IMF may backslide on promises
27 January 2010

 

Haiti summit must wipe out $890m debt
Rich world told ‘nothing short of total cancellation acceptable… we owe the real debt to Haiti’
22 January 2010

 

Debt movement calls for total cancellation of Haiti's debt
Campaigners dismayed at the International Monetary Fund’s new lending. Grants and debt cancellation are needed.
15 January 2010

 

Taxpayers money could fund child labour overseas, warn campaigners
Pressure groups accuse the government of putting business interests above human rights and the environment.
14 January 2010

 

UK must take some responsibility for Iceland crisis
Anti-poverty campaigners call for independent arbitration in Icesave dispute.
6 January 2010

 

Vulture Funds awarded $20 million from Liberia in High Court
The Republic of Liberia has been ordered to pay $20 million in the High Court in London today to two Vulture Funds, for a debt dating back to the 1970s.
26 November 2009

 

Twelve months on, finance still rules the world
Campaigners call for an end to bonus culture, tough rules on the City and a radical shake-up of IMF from Pittsburgh G20.
24 September 2009

 

Jubilee Debt Campaign brings faiths together to launch new project in Inter faith week
On Wednesday 18 November, at the heart of the national Inter Faith Week, Jubilee Debt Campaign will launch GLOBAL POVERTY, SEEKING JUSTICE - PEOPLE OF FAITH IN ACTION.
4 November 2009

 

UK continues to exclude NGO's from G20 discussion
NGOs that are part of the Put People First platform, had their accreditation for the G20 finance ministers’ meeting revoked by HM Treasury.
4 September 2009

 

Government moves to take on vulture funds
Campaigners welcome move to protect debt relief and tackle ‘one of the most repellent aspects of the financial system
21 July 2009

 

Brown told: "Rich don't have answers to the crisis"
Criticism of Prime Minister’s commitment to a ‘new politics’ as he shuns the UN but attends the G8
22 June 2009

 

Mp's demand an end to vulture debt
MPs propose legislation to stop funds profiteering from Third World Debt
5 May 2009

 

IMF told: Sell gold to fight poverty
Radical IMF reform critical to Brown’s poverty pledges
24 April 2009

 

Governments plans to water down export standars "dangerous and short-sighted"
Bill rushed through parliment which could precipitate environmental and human rights damage by UK companies, the day before a "green" budget.
20 April 2009

 

G20 fails to deliver real change
Jubilee Debt Campaign is disappointed that world leaders have not understood the systemic nature of the economic crisis or the need for radical change to address it.
2 April 2009

 
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