Report summary
Today, 54 countries are in debt crisis, with devastating impacts on people’s lives and livelihoods.
This paper identifies the structural causes of reoccurring debt crises and highlights their impacts on the world’s poorest communities.
It outlines why, following the historic success of the Jubilee 2000 debt campaign, the world once again faces an acute global debt crisis.
Finally, it charts a course for transformative change, recommending the following policies to advance a fair and functional debt system:
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Introduce debt justice legislation that compels private creditors to offer timely and adequate debt relief to countries in crisis.
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Reform the International Monetary Fund to centre human rights and development needs in…
