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”.
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.
Governments must requisition all healthcare capacity in their countries, ensuring that all facilities, private and public are directed towards fighting the virus, says Oxfam
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)
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.
£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.
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.
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.