Jubilee Scotland and Global Justice Now joined forces last week to ask BlackRock to cancel or suspend debts between them and Zambia as the country struggles to fund healthcare and education for the Zambian people whilst BlackRock are set to make 110% profit. The two organisations came together to create a BlackRock pinata that was […]
Zambia is going head-to-head with the largest investment company in the world, BlackRock. For the financial giant, it’s just business as usual, but for the Zambian people, the stakes are much higher. Zambia is in the middle of a huge debt crisis. Debt payments were already higher than health, education and social spending combined. But […]
Jubilee Scotland is campaigning against the use of Public Private Partnerships (PPPs) in Scotland. The PPP model results in private companies being paid huge amounts of money across a span of up to 30 years, resulting in public infrastructures not necessarily being built in the best interest of the public, but instead, with a focus […]
Jubilee Scotland is bringing attention back to Public Private Partnerships (PPPs) with the second stage of a campaign to bring them to an end across Scotland. PPPs have saddled the Scottish public sector with debt, poor service, lack of accountability, and unsafe buildings since 1990 when Private Finance Infrastructures (PFIs) were introduced across the UK. […]
By Jürgen Kaiser on behalf of erlassjahr.de Within past debt relief initiatives, such as the Multilateral Debt Relief Initiative (MDRI) or the present G20 Debt Service Suspension Initiative (DSSI), creditors have limited their availability to countries that meet a specific set of poverty-indicating criteria, such as a very low income level, and have quite successfully […]
Jubilee Scotland was born out of the campaigns of the late 90’s that pushed for the need to address unjust and unpayable debts in the poorest countries – the word ‘jubilee’ itself refers to debt relief. Today – 20 years later – debt remains a hindrance to positive development around the world.
Here at Jubilee Scotland, we are determined to continue to put pressure on the Scottish Government and private creditors to offer some relief to Global South countries who are suffering at the hands of unjust debt. The UK’s COP Presidency continues until the end of 2022, meaning the Scottish Government’s role as an influential advocate likewise continues.
Jubilee Scotland’s Campaign Director, Line Kikkenborg Christensen, talks us through a week in the Blue Zone at COP26. I have joined the SCCS delegation at COP26 in Glasgow to help spread the messages from the Glasgow Climate Dialogues communiqué throughout the Blue Zone (the area which only Ministers, government officials and other accredited individuals […]
Whilst Jubilee Scotland welcomes Finance and Loss & Damage (L&D) being respectfully acknowledged at COP26 this November as well as it being recognised in the first cover draft agreement; we would still like to be hearing more conversations around debt by world leaders and their delegates.
The Jubilee Scotland team ventured to Glasgow on the 5th of November to join the Fridays for Future march. The energy was high and we were surrounded by 30,000 people of all ages. It was amazing to see so many young people, especially children, so passionate and engaged in fighting the climate crisis. The Jubilee […]
We have collated some of the finance highlights from COP26 so far and have put together a short video to remind ourselves exactly what we mean by ‘climate finance’ and how it is impacting those in the Global South.