Since we launched our campaign thousands of supporters like you have got on board. Will you add your voice and email the CEO’s of HSBC, Blackrock, JP Morgan and UBS calling on them to #CancelTheDebt?
Covid-19 could push over 150 million people into extreme poverty. At the same time, many large banks and speculators - including Blackrock, JP Morgan, HSBC and UBS - continue to demand debt repayments from some of the poorest countries across Africa, Asia, Latin America and the Caribbean.
Due to high interest rates, some companies could be making up to 250% profit from these loans if paid back in full.
Countries such as Zambia and Chad have asked for a break from these loan repayments so they aren’t forced to choose between saving lives and repaying loans. So far, they have been refused.
