This year is the biggest global debt movement in a generation – it's our chance to turn the tide on the debt crisis for good. That’s why, alongside allies, we’ve launched the Cancel Debt, Choose Hope campaign. Together we’re building a movement so big that decision-makers – including the UK government - will be forced to act.
It’s time to put an end to this outrageous behaviour by greedy private lenders and to get debt cancelled for countries like Ethiopia. I believe that together, we can make it happen.
In solidarity,
Wiz, Heidi, Tim, Debby and everyone at Debt Justice
Notes
[1] Debt Justice, Reaction to Ethiopia bondholders threatening legal action: https://debtjustice.org.uk/press-release/reaction-to-ethiopia-bondholders-threatening-legal-action
Financial Times, Ethiopia bond investors accuse IMF over debt relief [paywall]: https://www.ft.com/content/40c35ffd-fa86-445f-9c4c-dc434b61de25
Debt Justice, Bondholders would still make 30% profit from rejected Ethiopia deal: https://debtjustice.org.uk/press-release/bondholders-would-still-make-30-profit-from-rejected-ethiopia-deal
[2] Debt Justice, UK Court rules that Mozambique is owed over $2billion in hidden debt case: https://debtjustice.org.uk/news/uk-court-rules-that-mozambique-is-owed-over-2-billion-in-hidden-debt-case
Bloomberg, Hedge Funds Enter Credit Suisse Bribery Fight With Mozambique https://www.bloomberg.com/news/articles/2021-02-10/hedge-funds-enter-credit-suisse-bribery-fight-with-mozambique
