Topic: Finance and debt
The US’s priority: Palestinian slaughter, not hurricane prep
Article / 11th October 2024As devastating natural disasters cause mass destruction across the southeastern United States, politicians and leaders are more concerned with arming Israel to the teeth than preparing and rebuilding their own communities.
Developing countries face worst debt crisis in history, study shows
Report / 23rd July 2024Developing countries are facing the worst debt crisis in history with almost half their budgets being spent on paying back their creditors, a study has found.
A tax on the super-rich to fight hunger gains ground
Article / 28th June 2024A global agreement could levy a small tax on the world’s 3,000 richest people, with fortunes in excess of US$1 billion, and use the money to fight world hunger, a study by the Brazilian government and the European Union’s Tax Observatory has shown.
Less than 3% of G7 military spending could help end global hunger and solve Global South debt crisis
News / 13th June 2024With funds equivalent to just 2.9% of their combined annual military spending, G7 countries could help end world hunger and solve the debt crisis in the Global South, reveals Oxfam.
Debt payments by countries most vulnerable to climate crisis soar
News / 4th June 2024Debt payments by the 50 countries most vulnerable to the climate crisis have doubled since the start of the coronavirus pandemic and now stand at their highest level in more than three decades, campaigners have warned.
Africa experiencing worst debt crisis in a generation
Report / 22nd May 2024The majority of African countries spent more repaying external debts than on healthcare or education last year as the continent experiences its worst debt crisis in a generation, according to a new report by international aid agency Christian Aid with Debt Justice.
North ignores ‘perfect storm’ in global South
Blog / 22nd February 2024A gathering ‘perfect storm’ now threatens much devastation in the global South, likely to most hurt the poorest and most vulnerable, writes Jomo Kwame Sundaram.
Onerous debt making poorest poorer
Blog / 2nd February 2024Contractionary economic trends since 2008 and ‘geopolitical’ conflicts subverting international cooperation have worsened world conditions, leaving their poorest worse off, writes Jomo Kwame Sundaram.
At COP28, it’s time to transform the global financial architecture
Blog / 11th December 2023The global finance system is giving fossil fuels a lifeline, indebting vulnerable countries and delaying a just energy transition, writes Bronwen Tucker and Shereen Talaat for Oil Change International.
New push for debt relief to help developing world fund climate action
News / 1st December 2023The world’s poorest countries are paying more than 12 times as much to their creditors as they are spending on measures to tackle the impact of global heating, a campaign group has warned.