Cash now. Consequences later.
ARE YOU A SMALL COUNTRY
IN NEED OF A BIG LOAN?
NEED MILLIONS BY MONDAY?
T&Cs apply. Absolutely everything is your fault.
Meet the world’s loan sharks
Meet the world’s loan sharks
Banks and hedge funds make billions of dollars of profit from unfair loans to vulnerable countries every year.
Many vulnerable countries are forced to borrow money from private banks to keep their economies running. And like loan sharks, the banks have the upper hand.
They demand extortionately high interest rates and unworkably short payment schedules, making billions while vulnerable countries sink further into debt. Sound familiar?
Today, 54 countries are in debt distress, spending more on interest payments than on healthcare, education or climate change. Many are forced to cut public services so that lenders get paid. Some lenders take countries to court when payments slip. The system is stacked against those who can least afford it.
The world’s most vulnerable countries deserve a fair deal. Fixing this system means more children in classrooms, more nurses in hospitals, more action on climate change, more jobs, more trade, and less need for aid.
The world’s most vulnerable countries deserve a fair deal. Fixing this system means more children in classrooms, more nurses in hospitals, more action on climate change, more jobs, more trade, and less need for aid.
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The Global Goals are the plan agreed to by 193 countries at the UN to end poverty, reduce inequality and tackle climate change by 2030.
We’ll never achieve them if the world’s most vulnerable countries are spending more money on debt than on vital services. Action on debt is critical to achieving a better future.
