Jubilee Scotland has signed up today to a new debt jubilee to tackle the Covid-19 health and economic crisis facing hundreds of millions of people. This World Health Day, more than 150 organisations and networks have called for debt in the global south to be cancelled to fight to COVID-19 outbreak. Some of the world’s […]
The launch of our report Last month at the Scottish Parliament we launched our report ‘Rethinking Private Financing’, the culmination of work from Jubilee Scotland over the past year researching PPP & PFI schemes. You can download and read it here. The launch was hosted by Neil Findlay MSP, who spoke to us about how […]
In the midst of a windy day on the 29th of January 2016, the side of Oxgangs School in Edinburgh collapsed. A large section of the gable wall came crashing down with nine tonnes of bricks falling across the path below. An independent report concluded that it was “a matter of timing and luck” that […]
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’ […]
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 […]
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. […]
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 […]
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 […]
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 […]
