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...

Sign onto the Petition!
Judge Andrew Smith on 24th April 2007 in the UK ruled that the Zambian people should pay Donegal International a settlement of US$ 15.5 million.

Join us in petitioning Mr. Sheehan to be a better citizen of the world by letting go of the money and help Zambia to achieve the Millennium Development Goals.

Add your Organisation, Church, Community group etc to the petion HERE...

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

 

Jubilee- Zambia "Vulture Fund" Campaign