The Zambian government has been spending six times more on debt repayments than healthcare. And last year there were floods, that resulted in my father’s house being destroyed. Our government needs to respond to these crises but doesn’t have the funds.
All while $6.5 billion is owed to these Cowboy Lenders, who are profiting from the debt crisis.
But campaigning in solidarity with supporters like you, we’ve made some real progress. Earlier this year a debt relief agreement was reached for some of what Zambia owes, but big banks and hedge funds, like financial giant BlackRock, have been refusing to cancel debt.
Now we have a rare opportunity to win change and get the debt cancelled.
Many of Zambia’s loans were given under English law, so the UK has a unique opportunity to play a part in ending the debt crisis by introducing a new law that could compel these creditors to act.
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