Zimbabwe stopped paying most of its debts in the year 2000. Since then, Zimbabweans have faced economic chaos and social upheaval. But today there is new hope.
The Movement for Democratic Change is in charge of the Finance Ministry as part of a coalition government, and new elections are due next year. We don’t know who will win, and there’s no guarantee that things will automatically get better for people in Zimbabwe.
But, spurred on by the ‘threat’ of lending by China, Zimbabwe’s creditors are already discussing the future of the country’s crippling $7 billion debt. Some international financiers want this swept under the carpet, as part of a new battle for control in Africa, this time with China. They think it’s enough to ‘forgive and forget’. However, Zimbabweans simply don’t know the origins of all $7 billion of debt, nor who benefited from the loans in the first place. That’s why they’re demanding a full audit of the debt.
Take Action: Please email Donald Kaberuka, the President of the African Development Bank, which is leading the discussions among Zimbabwe’s creditors, and ask him to support a democratic audit of Zimbabwe’s debts.
Irish Citizens: Please Ask Minister for Trade and Development Joe Costello to support our call. Email him this message in support of the Zimbabweans struggle.
Send a letter to your government and help make sure that public government registries of real owners is one on the agenda!
Write to the World Bank and Inter-American Development Bank to demand they make immediate reparations to communities involved, and audit all of their projects from the time of Guatemala’s terror to assess the need for further reparations.
Not only the Cambodian citizens continue to suffer from the consequences of the US-bombing which took place during 1969-1974, but they are also held responsible for the repayments of the war-debt that caused so much suffering over so many years. Sign the petition calling for US Government to cancel the US$ 300 million debt incurred during the Lon Nol regime!
Tell your government to engage with this discussion and to support the call for a lasting solution to the sovereign debt crisis and the establishment of a fair and independent international debt workout mechanism.
Sign the petition urging ABC World News and NBC Nightly News to stop blackout coverage of one of the biggest and far reaching banking scandals of our time – the bank manipulation of a critical interest rate that made them rich and hurt average Americans and poor people around the world.
Please fill out Eurodad member Jubilee Scotland’s e-action to the Cabinet Secretary for Finance, Employment and Sustainable Growth, John Swinney MSP, calling on Scotland to pledge a cancellation of its share of unjust UK debt and to commit to developing a responsible export credit agency.
Last year multinational firms avoided taxes of more than £165 billion in the developing world. MEP Sharon Bowles has launched a new campaign to highlight these immoral tax dodgers telling them to own up and pay up!
With fresh elections due next year, debt campaigners in Zimbabwe want lessons learned about the country’s $7 billion debt.
Take action now to support their call.
Call on G20 leaders to end the tax haven secrecy that allows companies to hide their profits and dodge paying taxes in the countries where they operate.
The EU country-by-country reporting proposal needs to be strengthened to tackle corruption and tax dodging, help us secure this by taking both these actions.
Stand up to corporate lobbying against proposed EU laws requiring oil, gas and mining companies to publish payments to foreign governments. Pass strong laws that will help citizens spot corruption and ensure the money is used to lift millions of people out of poverty.
It is totally unjust to make Ireland’s people – especially the poorest of that country – pay for the crimes of speculators and the banking elites
In November a Jersey court awarded the debt vulture fund FG Hemisphere $100 million from the Democratic Republic of Congo, where millions of people live in extreme poverty. Ask the new Chief Minister of Jersey to end this parasitic practice