Debt Justice

Finance for/to citizens – making finance serve general interest

This report analyses finance's impacts on poverty, inequality and general interest more broadly.

  • Debt Justice
Jeroen Kwakkenbos

Will new rules on reporting debt relief as development aid be another missed opportunity?

On 2 July, the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD DAC) will decide whether to change the rules on how debt relief is reported as Official Development Assistance (ODA). There is a serious risk that these changes could create loopholes allowing donors that use debt-based instruments to inflate their aid levels at the expense of the poorest countries.

  • Aid Effectiveness
Bodo Ellmers

Eurozone finance ministers agree on last-minute debt reprofiling for Greece

Eurozone finance ministers convened for a crucial Eurogroup session in Brussels on 21 June and agreed on a last-minute set of new debt reprofiling measures for Greece. The package of maturity extensions, interest deferrals and €15bn in new loans from the European Stability Mechanism (ESM) means that the Greek debt stock is likely to rise further in coming years.

  • Debt Justice

Debt justice prevails at the Belgian Constitutional Court: Vulture funds law survives challenge by NML Capital

In a landmark ruling on 31 May, the Belgian Constitutional Court upheld the country’s anti-vulture funds law, rejecting a legal challenge by a particularly notorious fund. NML Capital, an opaque vulture fund listed in the offshore financial centre of the Cayman Islands, had tried to shelve the Belgian law and intervene in democratic decision-making in Belgium. The ruling means the law remains in force, and agreements by the European Parliament and the United Nations imply that it is on the way to becoming an example for a worldwide solution to the challenges that vulture funds pose to the fair and speedy resolution of debt crises.

  • Debt Justice
Gino Brunswijck

2018 IMF and World Bank Spring Meetings: the Bank has more money, but promises little change

The Spring Meetings of the IMF and World Bank took place amid warnings of a ‘borrowed boom’ as an uptick in global growth was matched by global debt levels reaching record highs. 

  • Development Finance

Civil Society position on the IMF and World Bank Debt Sustainability Framework Review

Civil Society position on the IMF and World Bank Debt Sustainability Framework Review submitted in June 2016.

  • Debt Justice
  • Illegitimate Debt
Jesse Griffiths

Is the global financial and economic system fit to deliver the Sustainable Development Goals?

The Sustainable Development Goals (SDGs) are ambitious objectives: business as usual will not deliver them.

  • Aid Effectiveness
  • Aid Quantity

Mozambique should not pay the hidden debt

Mozambique should not pay the hidden debt by Joseph Hanlon

  • Debt Justice
  • Debt Resolution

Paris Proof Export Support: why and how the Dutch government must exclude credit support for fossil fuel

Export Credit Agencies (ECAs) are key institutions governments employ to support private companies doing business overseas. ECAs offer a wide range of guarantees and insurances to private companies. This makes it easier for these companies to gain access to finance, mostly from banks.

  • Debt Justice
  • Debt Sustainability
  • Both ENDS

The G20 Compact with Africa and the proposed "Marshall Plan" for Africa: welcoming the initiatives with caution

African civil society groups give a "cautious welcome" to the G20's plans for a "Compact for Africa"

  • Debt Justice
  • Debt Sustainability
  • Afrodad