Jerome Phelps

645 posts

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Jerome Phelps

Jerome Phelps

@JeromeGPhelps

Head of Advocacy at Debt Justice. Once upon a time Director of Detention Action and International Detention Coalition.

London Katılım Temmuz 2016
312 Takip Edilen654 Takipçiler
Jerome Phelps
Jerome Phelps@JeromeGPhelps·
#Zambia could be next to see savings from debt relief go straight into the pockets of the corporates, while the people face brutal austerity - we urgently need legislation in the UK and US to force private lenders to cooperate debtjustice.org.uk/actions/stop-c…
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Jerome Phelps
Jerome Phelps@JeromeGPhelps·
The deal private lenders forced on Suriname shows their win-win casino in action – Suriname couldn’t pay, but lenders still get to make a profit, PLUS 30% of future oil revenues, locking the country into decades of fossil fuel exploitation twitter.com/tim_jones6/sta…
tim-jones6.bsky.social@tim_jones6

Suriname's restructuring deal with bondholders will make creditors profit of between $170m and $980m (on a $675 million debt) Speculators will be laughing all the way to the bank with the money they could make 🧵 #CancelTheDebt #StopCowboyLenders

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DebtJustice.bsky.social
DebtJustice.bsky.social@debtjustice·
Four years ago banks said they would publish the details of their loans to lower income governments Just two banks have done so, disclosing six loans $30 billion of loans remain hidden If you want banks to do something, you need to make them bloomberg.com/news/articles/…
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Jerome Phelps
Jerome Phelps@JeromeGPhelps·
While world leaders talk new ways to lend at interest to countries in debt crisis, we're in Paris with @DebtforClimate demanding they #Cancelthe
Jerome Phelps tweet media
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Tess Woolfenden
Tess Woolfenden@tess_woolfenden·
Amazing from @vanessa_vash at the #Paris Summit today 👏 "You must cancel the debt & grant climate finance to Global South countries so they are no longer forced to pay for a crisis they did not create." #CancelTheDebt
350 dot org@350

@vanessa_vash "You must cancel the debt & grant climate finance to Global South countries so they are no longer forced to pay for a crisis they did not create. You must be thinking in trillions not billions." — @vanessa_vash

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Jerome Phelps
Jerome Phelps@JeromeGPhelps·
The role of the state is changing, it is in laying the red carpet for investment and creditors. We need a culture shift based on the power of disruption - @Bhumika820 @eurodad policy forum
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Jerome Phelps
Jerome Phelps@JeromeGPhelps·
Countries in debt are seeing their whole national climate policy frameworks dictated by the IMF - our @tess_woolfenden introducing @eurodad policy forum discussions on how we strategise to win #debt #climate justice
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Eric LeCompte
Eric LeCompte@Eric_LeCompte·
From across New York State, more people are arriving in Albany this week to push passage of the New York Taxpayer and International Debt Crises Protection Act. Constituents inundated the New York legislature with thousands of emails and calls to A2970/S4747 this session.
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tim-jones6.bsky.social
tim-jones6.bsky.social@tim_jones6·
Another issue with the Suriname bond restructuring is that the bonds, even including three years of default, are still on worse terms than China's original lending. So for China to give comparable treatment to bondholders requires it to do nothing🧵 #CancelTheDebt
tim-jones6.bsky.social@tim_jones6

Suriname's restructuring deal with bondholders will make creditors profit of between $170m and $980m (on a $675 million debt) Speculators will be laughing all the way to the bank with the money they could make 🧵 #CancelTheDebt #StopCowboyLenders

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Keşfet

@debtgwa @jacobin @debtjustice @DebtforClimate @Bhumika820 @eurodad @tess_woolfenden @GECoalition