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

This new report, published by a coalition of UK and African organisations, including Eurodad members Global Justice Now and Jubilee Debt Campaign, makes a series of recommendations as to how the system extracting wealth from Africa could be dismantled.

In this study from Eurodad member erlassjahr.de, in cooperation with the Friedrich Ebert-Foundation.

The 2017 spring meetings of the IMF and World Bank, which also included the second edition of the Global Infrastructure Forum, took place against the uncertainty generated by geopolitical changes such as the election of President Trump in the US and the formalisation of the UK’s exit from the European Union.

In the run-up to the G20 Finance Ministers' meeting in Baden-Baden last weekend, Erlassjahr / Jubilee Germany released their annual report on sovereign indebtedness.

In January 2017 the government of Mozambique defaulted on a bond interest payment. Ghana is already dependent on loans from the IMF and World Bank to pay the high interest on loans from private lenders. Many of these debts are under the jurisdiction of the UK, with over 90% of subSaharan African government bonds owed under English law.

Ghana is in a debt crisis. Having had significant amounts of debt cancelled a decade ago, the country is losing around 30% of government revenue in external debt payments each year.

This Eurodad discussion paper analyses the evolving nature of developing country debt and solutions for change. It aims to identify relevant reform processes on an international level, and more practically to keep progressive actors that want to drive change informed about existing opportunities.

This report surveys the IMF’s impact on post revolutionary Arab states by documenting the history of IMF involvement in the region. It then traces the change in IMF rhetoric and practice before and after 2011 in four Arab countries: Tunisia, Morocco, Jordan, and Egypt.

To date, there are no international institutions that are in a position to resolve debt crises in a fair, orderly and sustainable manner.