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Lower-income countries have paid $2 7tn in interest since 1970

Western governments, corporations and institutions are using debt to maintain their power and extract resources from global south countries, just as they did during colonial occupation. This is neo-colonialism, says Debt Justice.

United kingdom generalUnited kingdomNorth westernTess woolfendenSenior policy officerDebt justiceClimate zambiaFuture zambia

Lower-income countries have paid out $2 7 trillion in interest payments since 1970

Lower-income countries have paid out $2 7 trillion in interest payments since 1970
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United kingdom generalUnited kingdomTess woolfendenSenior policy officerDebt justice

Neocolonial Debt Traps Are Forcing Poorer Countries to Rely on Fossil Fuels

To break our global dependence on fossil fuels, we must take on neocolonial debt, researcher Tess Woolfenden says.

New yorkUnited statesVaca muertaSan juanTess woolfendenWorld bankInternational institute for sustainable developmentEuropean unionInternational monetary fundGlobal northDebt justiceWorld warInternational instituteSustainable developmentGlobal southGlobal aouth

What are green debt swaps?

Debt-for-nature and green debt swaps are becoming more common, with Ecuador's recent $1.6bn deal the biggest yet. How do they work?

Cape verdeUnited statesTess woolfendenJulie segalGustavo manrique mirandaJuan paezErik wandragAndrew johnstoneWorld bankOcean finance companyInternational development finance corporationInternational monetary fundClimate action networkWorld wildlife fund thomas lovejoyClimate fund managersWorld wildlife fund

Rising debt locks global south countries in fossil fuel production

Global south countries are trapped in relying on fossil fuel exploitation to generate revenue to pay debts, according to a new report published by 35 organisations.

United kingdomArgentina generalVaca muertaSan juanTess woolfendenArthur larokMae buenaventuraActionaid internationalOil change internationalInternational monetary fundFriends of the earth internationalAsian people movement on debtEarth internationalAsian peopleNorthern patagoniaSenior policy officer