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The Jubilee 2000 saw $130bn of debt written off, and yet we now find ourselves in a renewed global debt crisis, says Maria Finnerty of CafodThe Guardian is right to identify the global sovereign debt crisis as one of the most critical impediments to su…
Read MoreAgreements to reduce developing countries’ debt burden in exchange for spending on nature will be on the agenda at a finance summit in Paris this weekAfter decades in the wilderness, and familiar to only those in the know, “debt-for-nature swaps” are b…
Read MoreExclusive: 182 experts say only debt cancellation offers chance of recovery but private investors are playing hardballSome of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline…
Read MoreForeign capital flees poorer countries at the first sign of instability. The pandemic and Ukraine war ensure there is plenty of that aroundThis January, even before Sanjana Mudalige’s salary as a sales worker in a shopping mall in Colombo, Sri Lanka, w…
Read MoreThe south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the lastThe departure of Sri Lanka’s prime minister, Mahinda Rajapaksa, follows weeks of protest and a deepening crisis. Ther…
Read MoreWhile the pandemic has not led to a jump in unemployment, its impact on the over-50s and public sector staff is particularly troublingAt first glance, the UK jobs market is in rude health. The unemployment rate is back to where it was before the Covid …
Read MoreThe belt and road initiative is ensnaring vulnerable countries in debt via corrupt infrastructure projects. Slavery reparations from former colonial powers could help turn the tideGovernments around the world used Covid to erode human rights – reportAs…
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