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عربي

Drop the Debt
 11/12/2008

Drop the Debt

 

Poor countries are still repaying unaffordable loans which the UK and the rest of the rich world gave irresponsibly. Some of these were to oppressive regimes, often for arms sales. Others were for useless projects from which only Western companies benefited. Still others were on unfair terms. Tell the UK government it's time to Lift the Lid.

 

Email Douglas Alexander, the new Secretary of State for International Development click here

 

Vulture Funds

 

Vulture funds are private companies that buy up cheap poor country debts, and then sue for huge profits. Earlier this year Donegal International sued Zambia for $55 million from a debt it bought for $3 million. It was awarded over $15 million - money which Zambia needed to invest in teachers, doctors and clean water supplies.

 

Take action to stop vulture funds profiteering from debt cancellation click here