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24 Jan 22
The world’s debt crisis has been tipped to worsen as a result of the interest rate hikes projected for 2022.
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1 Apr 21
Private creditors are making big profits from lending to developing countries during Covid-19. With poorer governments left with less to spend on tackling the pandemic, the need for debt cancellation...
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18 Aug 20
Poor countries’ debt payments have reached their highest level since 2001, having grown by 115% in the past decade, new analysis has found.
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9 Jan 20
Burdensome debts are forcing poor countries to cut public spending - a situation campaigners have described as a “recipe for disaster”.
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11 Oct 19
The Jubilee Debt Campaign has accused the IMF of acting against its own policies and incentivising reckless lending.
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31 May 19
A cross-party group of UK MPs has called on the chancellor to seek an agreement for a ‘registry of loans’ to governments at this month’s G20 meeting.
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4 Apr 19
Urgent action is being demanded to tackle a growing debt crisis among poor countries, whose foreign debt payments soared by 85% between 2010 and 2018.
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3 Jan 19
Rising borrowing costs for developing countries should be tackled to avoid a “full-blown debt crisis”, campaigners have warned.
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30 Nov 18
Some form of relief scheme is needed for smaller states that have suffered natural disasters to get debt down to a sustainable level, suggests Jubilee Debt Campaign’s Tim Jones.
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12 Oct 18
African governments’ debt to overseas lenders doubled in two years leaving countries struggling to pay them back, a charity has warned.
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7 Jun 18
Irresponsible banks should be made to pay for reckless lending, with the costs of crises shared between borrower and lender, says Tim Jones of the Jubilee Debt Campaign.
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21 Mar 18
Developing country debt payments have increased by 60% in three years, marking the highest level since 2004, figures have revealed.