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debt cancellation

October 13, 2020

Cancel developing country debt by using IMF gold reserves, say campaigners

Since the start of 2020, the IMF’s gold reserves have increased in value by $38 billion.
May 17, 2020

Gordon Brown warns of need to protect poorest countries during COVID-19 crisis

The former UK prime minister warned of a second or third wave of the COVID-19 crisis which he calls a “global emergency” that cannot truly be ended “unless it is eradicated in every continent”.
April 17, 2020

Christian Aid urges more action for world’s poorest as G20 puts debt payment on hold

Responding to the G20 finance ministers' agreement to put bilateral debt payments of the poorest countries on hold during the COVID-19 pandemic, Christian Aid warns that without full debt cancellation, the G20 announcement only provides a brief respite.
April 1, 2020

G20 must support poor nations to prevent millions of deaths, says Oxfam

Governments must requisition all healthcare capacity in their countries, ensuring that all facilities, private and public are directed towards fighting the virus, says Oxfam
October 12, 2016

How a new 'debt trap' has been set for Ghana

Ghana is in a debt crisis. Having had significant amounts of debt cancelled a decade ago, the country is losing around 30 per cent of government revenue in external debt payments each year according to a new report from Jubilee Debt Campaign (JDC)
April 11, 2016

$61 billion funding gap for impoverished countries

Impoverished country governments could be up to $61 billion worse off in 2016 as a result of the crash in global commodity prices and strengthening of the US dollar. This is reducing government revenue and increasing the relative size of debt payments in foreign currencies.
January 28, 2016

£139 million of ‘made-up money’ to count as UK aid

£139 million of ‘made-up money’ will count as UK aid and contribute towards meeting the UK government’s target for spending 0.7 per cent of national income on aid, documents released under the Freedom of Information Act have revealed.
July 14, 2015

Response to financial crash 'sowing seeds of next global crisis' says report

A new report by the Jubilee Debt Campaign Debt shows burdens in the most impoverished countries are increasing, 10 years after the G8 summit committed to cancel debt cdeveloping country debts.
June 12, 2015

Ten years since debt cancellation agreement, new crises threaten Africa

Lending levels to the most impoverished countries in the world have tripled, ten years after the G7 finance ministers agreed a debt cancellation deal for low income countries.
May 16, 2015

Nepal due to make debt payments despite continuing crisis

Jubilee Debt Campaign has joined a call by more than 30 organisations across Asia for Nepal to receive immediate and unconditional debt cancellation.