While #Senegal waits for debt cancellation, its people face wide-ranging austerity
bloomberg.com/news/articles/…
DebtJustice.bsky.social retweeted
New modelling for the Invest in Britain campaign finds that funding more UK defence spending by cutting the government budgets of housing and the energy transition risks costing jobs.
observer.co.uk/news/business…
Today we’re in London, joining the Global Day of Action against the IMF and World Bank ✊ From Asia to Africa to Latin America and Europe, people around the world are rising up to demand debt cancellation
As part of the Cost of Living Action Coalition, we gathered to call for the government to implement a cost of living budget. And with energy bills expected to rise again, this includes writing off energy debt. Add your name to make our calls even louder 👉 act.debtjustice.org.uk/write…
Countries at high risk of debt crisis have cut education spending by 8% and health spending by 1% since 2019, our research shows.
“In Senegal, half of our revenue goes to creditors. This is no longer a budget; it is a ransom.” - Souleymane Gueye, FRAPP
debtjustice.org.uk/press-rel…
Our new research, covered in the Guardian, shows that countries in debt crisis have had to cut education spending by 8% since 2019.
Unjust debt is eating away at people's futures.
theguardian.com/business/202…
Next week, we're heading to Bangkok to take our message inside the annual IMF & World Bank meetings, and out onto the streets with campaigners from around the world. Join us live from Bangkok on Wednesday 14 October ➡️ act.debtjustice.org.uk/rsvp-… #CancelTheDebt #DebtCrisis
Today at Pre-COP in Fiji, civil society organisations have united to call on developed country governments to announce ambitious and multi-year post-2025 climate finance commitments at or before COP31 in Türkiye next month.
can-uk.org/news/can-uk-joins…
Come along on Friday to hear our Heidi Chow discuss the rigged global debt system at Green Party conference with War on Want and James Meadway
eventbrite.co.uk/e/global-ec…
“Climate finance should be a form of compensation for the damage caused to lower income countries that have not caused the climate crisis.
"Instead, the vast majority of climate finance is in the form of loans, adding to debt levels.”
independent.co.uk/climate-ch…
“We don’t lack solutions, we lack justice.”
The IMF & the World Bank say Madagascar’s debt is sustainable, but young activist Dina exposes a reality in which #debt, extractivism & the #climate crisis reinforce one another.
Watch the #RealCostOfDebt on link in comments 👇️
Vital reading from @Independent on how flooding in Nepal could pile billions onto its national debt if rich countries don't pay what they owe.
As our policy adviser Tess says in the piece 👇
"Rich countries that have built their wealth on climate-wrecking emissions cannot ignore the billions of dollars of damage now facing Nepal. They must urgently pay what they owe, as grants, not loans."
Read the full piece 👉️ the-independent.com/climate-…
Devastating floods have caused billions of dollars of damage in #Nepal, and cost thousands of lives.
The countries that caused the climate emergency must provide grants to pay for it - not profit from high-interest loans that push Nepal into debt.
kathmandupost.com/national/2…
The government has announced that all private bailiffs will now have to answer to an independent regulator. This is a big win for people in debt, but people struggling with bills need support, not a bailiff at the door. Read more on the blog: debtjustice.org.uk/blog/mand…
Senegal is seeking debt relief through an "enhanced" G20 process.
But the G20 has done nothing to enhance the process. First key step is for the UK to pass a debt justice law.
cnbcafrica.com/2026/senegal-…
We welcome new rules requiring bailiffs to be accredited by the sector regulator.
But regulation alone won’t solve this crisis. With council tax arrears at a record £9.3bn, we need action to help people out of debt – not more harmful bailiff action. gov.uk/government/news/gover…
In 2024, thousands of #Kenyans took to the streets to protest an @IMFNews-imposed bill that would have introduced new taxes to pay external creditors
Okoth was among them
For him #TheRealCostOfDebt touches every aspect of Kenyan life
Link to full video in comment👇️







