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G7 Finance ministers step closer to multilateral debt cancellation 10.06.05
Details are arriving that the UK and US have come to a significant deal on debt cancellation. The G7 finance ministers are meeting this weekend to thrash out a deal that would see 100% debt cancellation for 18 counrties.........read more
G8 ONE STEP CLOSER TO WIPING OUT DEBT
The G8 announced a debt deal to cautious applause from campaigners. While apparently significant, this deal represents only the first step towards the Jubilee campaign demands. For Jubilee Scotland analysis click here


Find out the facts behind the headlines on G8 Debt Deal

Jubilee Scotland Campaign Update
May 2005

All the latest action and news in the reformatted Monthly briefing. This month actions are based around the Jubilee Scotland Campaign pack which is available to download or order from the office Download

 


Fresh call for end to Africa debt 7 May 2005
African finance ministers have ended three days of talks in the Senegalese capital, Dakar, with a call for the cancellation of Africa's debt burden.


 

World Bank & IMF Spring Meetings
Report
: Deadlock on Debt cancellation 19.04.05

Leaders continue to drag their feet and remain deadlocked over how debt cancellation should be financed.....
World Bank IMF meeting

US Nominate Wolfowitz for World Bank President 18.03.05
President Bush has nominated possibly the most controversial figure in US politics to run the World Bank. The nomination of Paul Wolflowitz, the renowned neo-con and arch unilateralist has outraged NGO's and campaigners.....Read More

Jubilee Scotland March Briefing
for all the news, campaign updates and events in Scotland click here

Position Available at Jubilee Scotland Edinburgh. Jubilee Scotland is currently advertising for an Education officer.
more information
Dunblane Campaigner's Day Saturday 16th April
Jubilee Scotland will be holding a campaigner's day for those in the Dunblane area. It will be a great opportunity.....Read more

Commission For Africa Report Published 11.03.05
Tony Blair today released the long awaited report that will form the basis for the UK's position on Africa at the G8 summitt in July. What does it mean for the debt campaign?

Argentina gives the IMF a Scalping -Guardian 8.03.05

Argentine "Haircut" Debt Deal - 1.03.05
Argentina look to end their debt crisis with a deal that could have huge implications for countries with unpayable debts.......Read more

Understanding Nigeria's Debt Situation
The Nigerian Finance Minister Ngozi Okonjo-Iweala writes passionately about the need for 100% debt relief, progress the country has made in good governance and the problems associated with not being classified as a Highly Indebted Poor Country (HIPC).read more....

latest news: last updated 28.02.05
-Most G7 Favour IMF gold sales for debt relief
-UK provides VN$100 million debt relief to Vietnam
-Loans or Grants: the G7 debate
-Chancellor urged: sell gold to the Chinese

Latest
News


G7 Agree to Provide up to 100%
Debt Relief
But What does this mean?

Read More on How the G7 Looks to Wipe Out Debt

International Day of Action on Debt: Edinburgh G7 Consulate Lobby 18.01.05
January 18th was the internationally agreed day for action on debt. Jubilee Scotland campaigners marked the day by visiting G7 consulates in Edinburgh including the German and Japanese consulates. Read More

latest news: last updated 4.02.05
1. G7 finance ministers meeting London 4.02.05
2. Charging interest on bullets: Calls mount for debt cancellation
3. Canada backs Gordon Brown's plan

latest news: last updated 1.02.05
1. Odious debt: Call for arbitrition mount
2. Disaster donations may well end up servicing debt
3. Mandela to visit G7 Finance Leaders in London
 

Gordon Brown Renews Call for Debt Cancellation -13th December
"We must, for the sake of the world's poorest, not squander but seize an opportunity to make a breakthrough on debt relief and development"
Read more

Paris Club Cancels 80% of Iraq's Debt 22nd Nov
Paris Club members met at the end of last week to thrash out a deal that has ended with an agreement to cancel 80% of the debts owed to them by Iraq.The nature of Iraq's debt accumulated under Saddam Hussein is considered to be Odious and this raises serious questions about debt relief for other nations who are burdened with debt accumulated under dictatorships. Read more...

Madagascar 15th Country to Reach HIPC Completion Point
The World Bank has announced that Madagascar has reached completion point of the Heavily Indebted Poor Country Initiative (HIPC). Madagascar will qualify for $1.9billion US dollars- half of the country's total debt stock.....Read more
Gordon Brown and Hilary Benn Face Debt, Campaigners in Kirkaldy, Fife. October 22nd
The Chancellor and Secretary of State for International Development addressed debt campaigners and local Labour party representatives at a meeting in Kirkcaldy. Campaigners challenged Ministers on the timescale of delivering debt relief, how the UK plans to work towards trade justice and meet a target for reaching 0.7% aid targets....more details.
 

Paris Club Grants debt relief to Ethiopia Oct 15th
Ethiopia have received US$ 758 million of debt relief from the Paris Club under the framework of the Enhanced HIPC initiative. In total, Ethiopia's debt to Paris Club creditors has been reduced from US$1087 million to US$153 million as a result of this agreement. Read More

Ethiopia Debt Relief

Washington Autumn Meeting - Disappointment for campaigners Oct 4th
Following last week's exciting announcement that the UK plans to cancel our share of multilateral debt there was disappointment at the IMF/World Bank Autumn meeting in Washington at the weekend. British plans to win international support for writing off the debt of the world's poorest countries came to nothing after the Group of Seven rich nations failed to reach agreement. More

DISAPPOINTMENT IN WASHINGTON
TAKE ACTION: Tell Tony Blair's Commission for Africa to cancel Africa's debt. Oct 12th
Tony Blair has set up a Commission for Africa. The Commission aims to generate action for a strong and prosperous Africa. The Commission is receiving inputs NOW. Please write to Tony Blair stating the Commission MUST support the full cancellation of Africa's unpayable debt, by fair and transparent means. Read more

TAKE ACTION

Brown answers our Call for Change? Sept 27th
Gordon Brown has announced the United Kingdom will spend an extra 100 million pounds ($180.6 million) a year on debt relief to help poor countries repay money owed to the World Bank and IMF. This is exactly what our CALL FOR CHANGE CAMPAIGN has called for - the UK to cancel its share of mulitlateral debt. Congratulations to all our supporters and campaigners. Read More
SUCCESS FOR CAMPAIGNERS!

MAKE POVERTY HISTORY in 2005
MAKEPOVERTYHISTORY aims to be the most powerful coalition ever against world poverty. Jubilee Scotland is part of this coalition urging rich counrty governments to change the rules and practices of trade, cancel poor countries' debts and deliver more and better aid. More...

MAKEPOVERTYHISTORY

Blair's Commission For Africa: A Briefing
Tony Blair's Commission For Africa Report, to be published next spring, will form the basis for Britain's stance on African Development during the UK presidency of the G8 and EU next year.Read More to find out what the commission aims to do and how we must ensure debt relief is a key recommendation.

Ghana Qualifies for $3.5 billion in Debt Relief
Ghana has become the 14th country to reach Completion Point (the point at which debt stock is actually written off) under the Heavily Indebted poor Country (HIPC) initiative. Despite some reluctance to join the flawed debt relief scheme Ghana now joins Ethiopia, Niger and Senegal all of whom have qualified this year. More
Jubilee Scotland at T-in-the-Park Music Festival
Hundreds of festival goers at T-in-the-Park call on the UK to cancel our share of multilateral debt. Festival goers signed hundreds of postcards and a copy of a BIG letter to the Chancellor calling for an end to world debt.

Brown urges IMF to revalue gold for debt relief
In a speech at a conference in the Vatican on alleviating world poverty Brown said: "To do more to complete the process of debt relief, we propose to the international community that we consider anew all options to finance further debt relief for the poorest countries, including making better use of IMF gold so that ... we can begin to provide multilateral debt relief up to 100 percent." More

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© 2004 Jubilee Scotland