Jubilee Scotland campaign against unjust and unpayable global debt. The payment of debts from poor to rich countries diverts vital funds away from the needs of citizens and so inhibits efforts to eliminate poverty and suffering around the world. We want to see millions of people lift themselves out of poverty as governments in poor countries stop paying back these debts and invest more in education, healthcare and livelihoods.
Why does debt matter?
- high levels of debt and debt servicing drain national resources impacting governments ability to provide essential public services such as health, education, clean water
- debt conditionalities and obligations shift government obligations and priorities away from citizens and to international financial institutions and creditors
- debt conditionalities impose neoliberal economic model
What are unjust and unpayable debts?
- Unjust- debts made to undemocratic rulers, lent for arms sales, projects that harm human rights or the environment or which were given by the lender knowing that the debtor country would be unable to pay or that come with conditionalities that compromise the country’s sovereignty
- ‘unpayable’ those debts which cannot be repaid without grievously impairing a country’s ability to afford its key priorities, such as health, welfare and education.
Follow the links below to find out more about the debt crisis, the impact of debt, debt cancellation and the movement so far:
If you have a question that hasn’t been answered here, please contact us.
There are loads of ways you can get involved with our campaigns. To order resources and help promote our campaigns and learn more about the debt crisis click here. Sign up to our e-updates and keep in touch with how our campaigns are going and events in your area. If you are part of a group or organisation you can become a member of Jubilee Scotland and contribute to our work.