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You are here: Home / debt relief

Debt around the world – winter 2013

December 9, 2013 By Jubilee Scotland 8 Comments

Below are some developments from the world of global debt over the past few months. The Scottish Government launched its White Paper ‘Scotland’s Future’ on the 26th November. In this, debt relief is highlighted as a priority for international development, with the statement: “The Scottish Government will give careful consideration to the question of ‘unjust’ […]

Malawi’s debt relief enigma

July 14, 2008 By Jubilee Scotland Leave a Comment

What was the value of Malawi’s debt cancellation (received in September 2006)? If Malawi had received its debt relief with no hidden reductions and cuts, it would have had $101 million extra per annum free in its budget (the UK, in comparison, gave $180 million in 2006: SID, table 16.2). What it has really had […]

Jubilee Scotland and Jubilee Debt Campaign meet the ECGD

June 12, 2008 By picardo Leave a Comment

Kusfiardi’s last engagement was on Thursday the 5th of June, when we went with our colleague Sarah Williams from Jubilee Debt Campaign to meet officials from the Export Credit Guarantee Department, the UK government department who ensured – and are currently collecting repayments for – the bad loans that are the focus of our campaign. […]

The European Investment Bank by Cornelia Trogmann

April 25, 2008 By Jubilee Scotland Leave a Comment

Previously we examined the role of the Export Credit Guarantee Department (ECGD) and its role as the major UK government debt generator. Cornelia Trogmann here turns the spotlight on another lender funded by the UK government. The European Investment Bank (EIB) The European Investment Bank was established in 1958 as the long-term lending institution of […]

ECGD – The UK government’s debt generator

February 21, 2008 By Ben 1 Comment

 The UK government’s bilateral debt relief policy is largely made up of cancelling debt owed to the ECGD. In fact about 95% of bilateral debt owed to the UK is through the ECGD. Most of the ECGD debt cancellation that occurs is through the HIPC initiative.  HIPC only includes countries that qualify as having ‘unsustainable […]

Time to drop Suharto’s arms debt

February 4, 2008 By Ben 1 Comment

Former Indonesian President’s death must trigger cancellation of illegitimate debts Jubilee Debt Campaign, Jubilee Scotland and the Anti-Debt Coalition Indonesia are calling on the UK government to cancel £525 million of illegitimate debt owed by Indonesia from loans made to former President Suharto, who died on Sunday 27th January Much of Indonesia’s debt to the […]

January Campaign Update on Indonesia

February 1, 2008 By picardo Leave a Comment

Jubilee Scotland is currently trying to convince the UK government to cancel the >£500 million it’s owed by Indonesia. This is a small goal within a much broader international objective, which is to promote the doctrine of ‘odious debt’. ‘Odious debt’ is a concept which enjoys some international credibility, but not nearly enough! Put simply, […]

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 […]

G8 in Rostock: The State of Debt

June 7, 2007 By kenyersel Leave a Comment

The “Another World is Possible” rally in Rostock, 2nd June. At about 2.30pm, several thousand people dressed in black emerged from the ranks of the eighty-thousand peaceful demonstrators and marched at the police. Clashes started shortly afterwards. The police’s initial charges were limited, and did not disperse the group in black – though they did […]

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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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