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You are here: Home / debt buy-back

External debt audits and fair and transparent arbitration – the case of Ecuador

March 11, 2010 By picardo Leave a Comment

On the 15th of December 2008 Ecuadorian President Rafael Correa took the unprecedented step of declaring that Ecuador would stop paying interest on commercial bonds owed by the government on the basis that they were ‘obviously immoral and illegitimate’. The decision came as a result of a comprehensive debt audit for which Ecuadorian civil society […]

Nigerian Debt Scam: UK not implicated

February 1, 2008 By Jubilee Scotland Leave a Comment

It’s general knowledge that the UK’s vast increase in development aid (ODA) from 05-07 consists largely of Nigeria’s debt buy-back. Net UK ODA increased by £2.5 billion 04-06, of which Nigeria’s debt cancellation counted for £1.7 billion. (Net ODA in 04 was £4.3 billion, in 06 it was £6.8 billion, as set out in DFID’s […]

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How the response to the last crisis laid the foundations for the next

This article was written by Bodo Ellmers,  Policy and Advocacy Manager – Debt and Financial Reforms. Eurodad, European Network on Debt and Development Ten years after the last crisis began, global debt levels are higher than before, and debt vulnerabilities are increasingly hard to manage. That’s why activists all over the world are standing up to call […]

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Jubilee Scotland is an independent coalition of organisations and local groups across Scotland who campaign for cancellation of the unjust and unpayable debts which are ruining the world’s poorest countries.

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