friend – the word from insiders is: the debt vultures are feeling our collective pressure!
We’ve heard that our campaigning played an important role in debt vultures’ recent decision to drop their threat to sue Ethiopia – and to agree a deal to cancel some of the debt. It’s a powerful demonstration of the strength we have when we stand together to demand justice!
But right now, the debt vultures are free to strike again on another country in crisis at any time. Before Ethiopia it was Ukraine. Before Ukraine it was Mozambique. We simply don’t know which country will be next. That’s why we still need a debt justice law – to put an end to vultures suing lower-income countries in crisis for good.
The evidence is clear – the pressure we’re building is working! Now is the moment to build on our momentum and push our campaign for a debt justice law towards the finish line together. By donating today you could make that possible!
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Being honest with you, friend, the deal with Ethiopia is nowhere near good enough. The vultures will still get paid up to 17% more than the governments who lent Ethiopia money. That’s $100 million that could be invested in basic services but will instead go to lining the pockets of wealthy speculators.
With a new law, we can not only put an end to vultures suing lower-income countries in crisis – but also make sure they cancel more debt – the same way that lending governments already have to. That would free up vital funds to invest in things like healthcare, education, clean water and tackling the climate crisis!
The actions and donations of this community have brought this campaign to the strong position we stand in today. Thank you! With a donation today you could:
- Raise the pressure on the UK government by reaching thousands more people on- and offline, and mobilising them to take action
- Generate more exposure of the role of debt vultures in the global debt crisis by creating attention-grabbing news stories, through paying for key research or props for media stunts
- Help win over more MPs by producing persuasive, well-researched materials that persuade MPs, and helping constituents like you to lobby them
- And spotlight the voices and priorities of our allies in global south, the countries at the forefront of the debt crisis, by enabling us to travel to key global strategy meetings or by bringing speakers to events here in the UK.
Any amount you can give will make a difference – making sure we keep our demands in the spotlight. Together we can keep building on our momentum – until MPs have no choice but to act.
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Debt cancellation would be life-changing for millions in lower-income countries. Research shows it could mean 17 million people gaining access to clean drinking water, 5 million more children attending school, and save the lives of 59,000 children and mothers by making it safer to give birth. Thank you for everything you’re doing to help make that possible! If you can donate today, then thank you again!
In solidarity,
Heidi
Debt Justice director
PS We’re facing the biggest debt crisis in over 30 years – with 54 lower-income countries in debt crisis. It’s a crisis vultures are poised to take advantage of once more. A debt justice law can stop them – and a donation today could make it possible.
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