Right now, 54 lower income countries are in a debt crisis – left without the means to tackle climate change or pay for essential services like health and education.
Countries like Ghana and Zambia are trapped in a cycle of debt by the world’s richest banks, who pocket millions in profit in repayments and interest.
It doesn’t have to be like this: 90% of the lending to lowest income countries is enforced through the UK courts. We could force banks to cancel the debt – we just need to update an old law.
Having the chance to wipe debt in the global south is a once-in-a-generation opportunity. So it’s time to share your priorities and motivations, so we can create an expert campaign plan that we’ve all built together.
There are just five questions and it’ll take about 60 seconds. Here’s that first question again, friend...
Why should banks cancel debt in the global south? Select your number one reason: