Right now, for the 54 lower-income countries in debt crisis, money that should go to basic services, like healthcare and education, is being drained away in debt repayments to some of the world’s richest banks and hedge funds instead.
The injustice is clear – but thankfully we have the power to stop it. Nine out of ten debts owed by lower-income countries to banks, hedge funds and oil traders are overseen by UK law. That means a new law here in the UK could force greedy lenders to cancel unfair debt.
And it’s within our reach! Funds raised through the Big Give this year could get our campaign over the line – mobilising more people to take action, building momentum, and piling the pressure on our new government to act.
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