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.

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.

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.

This report investigates the debts owed by countries as a whole – both their governments and the private sector – minus the debts owed to them. It finds that the level of such debts owed between countries has risen from $11.3 trillion in 2011 to $13.8 trillion in 2014, and predicts that in 2015 they will increase further to $14.7 trillion.

This paper draws key conclusions for policy makers based on research and major analyses that have been published in the run up to the United Nations’ third Conference on Financing for Development (FfD), which takes place in Addis Ababa in July 2015.

Vulture funds target crisis countries that are already struggling to finance public services and infrastructure. An initiative in Belgium positions the country as a pioneer in efforts to stop vulture funds.

The Committee for the Abolition of Third World Debt (CADTM) has been working tirelessly since 1990 to demonstrate the relationship between debt and the inability of the world’s economic system to secure even the most basic rights for hundreds of millions of people around the world.