Ethiopia's bondholders say they are suing the East African country in the UK High Court. The move comes after they rejected a debt relief deal which would see them repaid more than other creditors, and still make 28% profit
https://t.co/k0pWErNOsK
We're hiring! We're looking for a Community Organiser in South & East London. This is an exciting opportunity to support people with lived experience of debt to demand policy change to end the use of bailiffs. Apply by 9am, 6 July ⬇️ https://t.co/TrnsPfEa0j
"London cannot serve as the economic governor of South Sudan - The recent injunction issued by a London court against the South Sudan is a thunderous act of judicial imperialism"
https://t.co/8RcTjyaMyj
The Philippines is on the frontline of the #debt & #climate crises.
The 2️⃣nd #RealCostOfDebt story follows the women of Oriang, who are mobilising against policies prioritising debt repayment over protecting Filipinos from climate change.
https://t.co/gzZ6j2l6jH
@AsianPeoplesMvt
Right now, vulture funds are suing Ethiopia in our courts. They can do this because 90% of debt contracts between lower-income countries and private lenders are governed by UK law.
Email your MP and ask them to back a debt justice law to stop them ⬇️ https://t.co/7oM45QbkCI
The UK High Court is pressuring #SouthSudan to pay a debt to BB Energy in full. This shows why we need an effective debt relief system, and legal changes to ensure all lenders take part in debt relief
Link in comment below 👇️
Together with 14 other organisations, we've written to @Alison_McGovern welcoming the recent council tax reforms — but also clear about what's missing. We're glad the government is listening, and we look forward to working with them on what comes next.
https://t.co/JARJR6lTQh
Mozambique says floods and cyclones have cost the country nearly $50 billion this year alone 👉 https://t.co/8Y9iOLbS6J
Without grant-based finance from rich countries, nations like Mozambique are pushed deeper into debt to cover the costs of the climate crisis
#CancelTheDebt
#Argentina’s long & turbulent history with @IMFNews is a clear example of how #debt burden can undermine sovereignty. For Aylén, the #RealCostOfDebt is the heavy repression she & her community face fighting for their right to live on their ancestral lands 👇
#Argentina is in a debt crisis. Payments to external creditors are prioritised over the people's needs. In our 1st story for the #RealCostOfDebt, Aylén highlights how dependence on external creditors has undermined sovereignty for decades.
Watch her story https://t.co/WIaVrNUItD
#Argentina is in a debt crisis. Payments to external creditors are prioritised over the people's needs. In our 1st story for the #RealCostOfDebt, Aylén highlights how dependence on external creditors has undermined sovereignty for decades.
Watch her story https://t.co/WIaVrNUItD
🌍Around the world, billions of people’s lives are impacted by the global #debt crisis
@eurodad has been working w/ activists across the #GlobalSouth to share the #RealCostofDebt
⏰The first story launches 5 May. Check out the trailer, launched today!! 👇
#CancelTheDebt
The world is facing a global #debt crisis, and behind the numbers are billions of people paying the real cost of debt.
Hear their stories and listen to their experiences in the #RealCostofDebt.
⏰Set a reminder: The first story launches on 5 May 🇦🇷
#CancelTheDebt
The world is facing a global #debt crisis, and behind the numbers are billions of people paying the real cost of debt.
Hear their stories and listen to their experiences in the #RealCostofDebt.
⏰Set a reminder: The first story launches on 5 May 🇦🇷
#CancelTheDebt
Powerful article from @BambosMP
The UK is uniquely placed stop vulture funds extracting unjust debt payments from the world’s lowest-income countries
The clock is ticking ⏰ Will the government act?
Link in comments 👇
🆕 40 civil society organisations have signed our open letter to Ed Miliband and UK representatives at the Santa Marta Conference on the Just Transition Away from Fossil Fuels.
This moment demands political courage and consistency. We urge the UK government to rise to it.