tim-jones6.bsky.social
@tim_jones6
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Policy Director at Debt Justice UK, views are my own or someone else's
South Gloucestershire
Joined November 2009
RT @NewEconomyBrief: So is the panic over? Well, not exactly. This week, we explore the effect of Trump’s tariffs on countries in the Glob….
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US tariffs will intensify external debt crisis. For 20 countries with highest external debt payments: .- average tariffs of 18% .- 'weaker' dollar not giving any respite .- bond yields up 1 percentage point .- biggest impact falls in commodity prices .
debtjustice.org.uk
Countries with high debt payments all hit with tariffs. Borrowing costs increasing. Largest impact will be global downturn hitting export revenues.
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RT @CSISAfrica: In the latest #Afropolitan episode, @CatherineNzuki_ is joined by Policy Director at Debt Justice UK, @tim_jones6, to discu….
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The most fun image & video creation tool in the world is here. Try it for free in the Grok App.
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RT @Recommon: 🔴 Eni has pressed charges against @atricarico72 of ReCommon for defamation in relation to statements he made during the RAI p….
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RT @BambosMP: Today I presented my Debt Relief (Developing Countries) Bill which would:. ✅Compel private creditors to accept the same terms….
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RT @debtjustice: Thank you @JeevunSander MP for asking chancellor Rachel Reeves whether she will take action on the role of private credito….
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RT @DianaMochoge: further we need to curb the spiral on unproductive debt in our countries. debt is not producing resources in the short ru….
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RT @debtjustice: 🔥 It’s day 1 of #COP29 & @vanessa_vash has a message for us 🔥. Rich countries are refusing to pay their #ClimateDebt, leav….
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The IMF says Laos is in debt distress, avoiding default only through payment deferrals from China. But these deferrals are enabling high-interest private lenders to be paid in full.
imf.org
The 2024 Article IV Consultation discusses that in Lao People’s Democratic Republic growth gathered momentum in 2023 on the back of recovering external demand, but exchange rate depreciation contin...
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RT @debtjustice: 🚨 New briefing: Debt Swaps Won’t Save Us 🚨. As #COP29 negotiations kick off, #DebtSwaps are on the table as a ‘solution’—b….
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RT @EmmaBurgisser: Today I posted this letter to the FT: How governance reform at IMF has ground to a halt - via @F….
ft.com
From Emma Burgisser, Economic Justice Lead, Christian Aid, London SE1, UK
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Thoughts from the Annual Meetings:. The IMF says the solution to high debt payments is more IMF and World Bank lending, tax rises and public spending cuts. The same was done in the 1980s, private lenders were bailed out, economies stagnated for two decades and poverty increased
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RT @debtjustice: Great to hear @lisanandy on @BBCr4today recognise the URGENT need for action on debt and climate crises. The UK has an u….
theguardian.com
Former chancellor says ‘increasing borrowing means interest rates would be higher for longer’ as Reeves says it will ‘make space for investment’
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Carmen Reinhart at IMF debt event: "you don't solve a debt problem by adding more debt". A welcome voice challenging the IMF and World Bank view that current high debt payments can be dealt with by more loans (which are just paying off private lenders)
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The G24 - the developing countries grouping at the IMF and World Bank - call for the sovereign debt resolution framework to be reformed to deliver effective and swift debt relief
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RT @ifresnillo: Impressive work from @tim_jones6 and @debtjustice colleagues looking in detail at the outcomes of the most recent #debt res….
debtjustice.org.uk
Debt relief for six countries will still leave them highly indebted, spending over 20% of government revenue on external debt payments
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RT @debtjustice: Our research out today shows that after debt relief:.- Governments are still paying 20% of revenue on debt payments.- Priv….
ft.com
Campaign group says debt resolution in countries from Ghana to Ukraine means potential big profits for investors
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