Jubilee Scotland welcomes the Scottish Government's commitment to global debt justice released today in 'Scotland's Future', the white paper on independence. In this, debt relief is highlighted as a priority for international development, with the statement:
“The Scottish Government will give careful consideration to the question of "unjust" debts; will work to ensure that Scottish export policies do not create new unjust debts; and support moves to establish Scotland as an international centre for debt arbitration”
While remaining neutral on the issue of Scottish independence, Jubilee Scotland congratulates the Government on its recognition of sovereign debt as a key issue for Scotland's international development policy.
The UK government is currently owed over £2 billion in debt, and if the Scottish people vote for independence in 2014, Scotland will inherit a share of this. Much of this debt is owed by extremely vulnerable countries including Angola, Peru and Pakistan, and in many cases originates from arms deals with dictators or 'white elephant' projects which do not benefit the citizens of the country in question.