JCTR Programmes

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Debt and Aid

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Contact Us--
P.O. Box 37774 Lusaka, Zambia, 10101

Luwisha House
5880 Great East Road
(Opposite University of Zambia)

Telephone:
+260 211 290410
Fax: +260 211 290759

Email Us

 

Vulture funds and debt relief the immoral tactics of vulture funds: the case of Zambia. “What they are and what you can do about it”

• It is immoral for Donegal to ask for a profit of several millions dollars (US$ 55 million) over and above the price (US$ 3.3 million) it paid for the debt from Romania.
  
  
• Debt repayments to Donegal International will upset Zambia’s fiscal stability and ability to deliver public services. 
  
  
• We agree with Judge Smith of the London court that Mr. Sheehan and his agents did not act very honestly in the acquisition of this debt. 
  
  
• As Jubilee movements, we are convinced that the purchase of the debt undermines and erodes the full intended benefits from debt relief arrangements initiated through the Highly Indebted Poor Country Initiative (HIPC) and the Multi-lateral Debt Relief Initiative (MDRI) Read more...

Visit:
http://www.jubileedebtcampaign.org.uk/vultures

 

"Vulture Fund" Campaign