ACT NOW: Drop Egypt's dictator debtWhen dictator Hosni Mubarak was overthrown, he left Egypt saddled with over $30 billion of debt.
“Egypt’s debt is Mubarak’s debt. It is not the Egyptian people’s. Egyptians never had a say in the borrowing that was done in their name, let alone borrowing to buy arms.”
Dina Makram Ebeid, Popular Campaign to Drop Egypt’s Debt (@DropEgyptsDebt)
The Popular Campaign to Drop Egypt’s Debt, based in Egypt, is leading the call for an investigation of all Mubarak’s debts, and the cancellation of those which are unjust. Jubilee Debt Campaign supports this call.
We have uncovered documents in the National Archives showing that some of Egypt’s £100 million debt to the UK comes from military sales to Mubarak. But Business Minister Vince Cable has refused to order an investigation and insists these debts must be repaid - despite Liberal Democrat party policy clearly stating their support for cancellation of dictator debts.The British government must take responsibility for the support given to dictatorial regimes through loans to buy arms and other goods. As Egyptians continue their struggle for democracy, it’s time to break the chains of dictator debt.
Please write to Deputy Prime Minister, Nick Clegg, and ask him to implement Liberal Democract party policy on Egypt's debt. We will copy your message to Secretary of State for Business, Vince Cable.