There are more slaves on the planet today, than there have ever been at any point in history. Ever. This does not even take into account those who operate under debt slavery – i.e. those who are not enslaved but have no means to get out of their situation – for example sweatshop workers. In […]
Guatemala: a study in human rights abuses
On International Human Rights day, Jubilee Scotland examines the role of debt and international financial institutions on the people of Guatemala, and questions the role Scotland could play in global development. By Charlotte Snelling. For much of the post-war period, Guatemala’s past has been a story of dictatorships, terror, and genocidal regimes. It is estimated […]
Finance and Human Rights
James Picardo, Campaign Director at Jubilee Scotland, spoke as part of the ‘Global Challenges’ series of events hosted by Edinburgh University. Here is what he said: Economics on the one hand, and justice and human rights issues on the other hand, are often discussed as separate phenomena; as ways of looking at the world that […]
When creditors and debtors meet
On October 5th, Jubilee Scotland hosted a People’s Debt Tribunal at the Scottish Parliament, which saw Lidy Nacpil, representing Freedom from Debt Coalition Philippines and Jubilee South make the case for the cancellation of debt owed by the Philippines to the World Bank. Here an attendee of the Tribunal shares her thoughts. ‘Debt cancellation is […]
Malawi’s debt relief enigma
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 […]
Economical with food for thought
This week’s Economist says something puzzling: The middling poor, those on $2 a day, are pulling children from school and cutting back on vegetables so they can still afford rice. Those on $1 a day are cutting back on meat, vegetables and one or two meals, so they can afford one bowl. The desperate—those on […]
Nigerian Debt Scam: UK not implicated
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
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 […]
World Bank Debt Cancellation – a TOTAL scam?
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 […]
money Monday!