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Transparency of loans to governments: The public’s right to know about their debts

Jubilee Debt Campaign is today launching a briefing with 41 regional organisations and networks on the need for new mandatory rules to ensure lenders disclose information on loans to governments. The briefing is being released ahead of the IMF and World Bank Spring Meetings (9-13 April) and G20 Finance Ministers meeting (8-9 June, Japan) during which ways to increase transparency of loans to governments will be discussed. The briefing is titled ‘Transparency of loans to governments: The public’s right to know about their debts‘.

The organisations launching the briefing include Christian Aid, Global Witness, ONE Campaign, ActionAid International and Islamic Relief, as well as the global union federation Public Services International and the regional networks Afrodad (African Forum and Network on Debt and Development), Latindadd (Latin American Network on Debt, Development and Rights), APMDD (Asian Peoples’ Movement on Debt and Development), Arab NGO Network for Development (ANND), Jubilee Caribbean and Eurodad (European Network on Debt and Development). Other signatories include national civil society organisations which try to hold governments and lenders to account for how loans are spent, including the Budget Monitoring Forum in Mozambique, Budget Advocacy Network in Sierra Leone and Jesuit Centre for Theological Reflection in Zambia.

You can read the four-page briefing here.

The full list of organisations which have published the briefing is:

ActionAid International
ActionAid Denmark
Action for Southern Africa (ACTSA), UK
African Forum and Network on Debt and Development (Afrodad)
Arab NGO Network for Development (ANND)
Asian People’s Movements on Debt and Development (APMDD)
Both Ends, Netherlands
Brazilian Civil Society Working Group for the 2030 Agenda
Bretton Woods Project
Budget Advocacy Network, Sierra Leone
Budget Monitoring Forum, Mozambique
CADTM Afrique
CADTM Pakistan
Christian Aid
Christians on the Left, UK
Civil Society Capacity Building Centre, Mozambique
Congolese Platform on Debt and Development, Republic of Congo
Corruption Watch
Debt Justice Norway – Entwicklung braucht Entschuldung (Jubilee Germany)
Episcopal Commission Justice and Peace, Republic of Congo
EquityBD, Bangladesh
European Network on Debt and Development (Eurodad)
Federation of Environmental and Ecological Diversity for Agricultural Revampment and Human Rights (FEEDAR & HR), Cameroon
Financial Justice Ireland
Freedom from Debt Campaign, Pakistan
Friends of the Earth Hungary
Gestos, Brazil
Global Witness
Islamic Relief
Jesuit Centre for Theological Reflection, Zambia
Jubilee Australia
Jubilee Caribbean
Jubilee Debt Campaign, UK
Jubilee Scotland
Jubilee USA
Latin American Network on Debt, Development and Rights (Latindadd)
Observatori del Deute en la Globalització (ODG, Debt Observatory in Globalisation), Barcelona
ONE Campaign
Public Services International
Sisters of Charity Federation, North America
Society for International Development (SID)
Undebted World Greece