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You are here: Home / HIPC

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 […]

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 […]

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 […]

Lifting the Lid on UK debt

April 11, 2007 By kenyersel Leave a Comment

Lift the Lid on Bad Loans Research on UK debts April 2007 The debt campaign is entering new terrain. Coupled with the HIPC initiative, the Gleneagles debt deal in 2005 has provided debt relief for 22 countries so far with another 9 in the pipeline. Some countries like Malawi will have 90% of their debts […]

Disappearing debt relief

November 29, 2006 By kenyersel 1 Comment

The debt relief offered to Zambia through the Heavily Indebted Poor Countries (HIPC) initiative would reduce the money available for human development.  This is a surprising claim in a paper by John Weeks and Terry McKinley for the United Nations Development Programme (PDF here).  When G8 Debt Deal cancellation (MDRI) is added, Zambia does see a […]

World Bank Debt Cancellation – a TOTAL scam?

July 3, 2006 By kenyersel 8 Comments

On the face of it, the G8 debt deal is a scam. The money that qualifying countries save on debt repayments is almost entirely balanced by a corresponding cut in the aid that they receive from the World Bank. The G8’s debt deal seems to work like this: the financial flows out of the country […]

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We’re closing but we’re celebrating the incredible work!

We are very sad to announce that Jubilee Scotland is closing its doors on the 31st of December 2023. It’s been a fantastic run and we are incredibly proud of the work we have done together. We cannot thank you enough for your support, whether you’ve given your time, finances or helped spread the word […]

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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.

JUBILEE SCOTLAND
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EDINBURGH
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EH1 1EL

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