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Tim Jones

@tim-jones6.bsky.social

Policy Director at Debt Justice UK, views are my own or someone else's

82 Posts302 Follower136 Folgt
Debt Justice@debtjustice.bsky.social · last mo.

China has called for "legal changes" to "curb malicious litigation by bond investors" - ie, it is asking the UK to stop vulture funds using UK Courts to bypass international debt relief agreements theedgemalaysia.com/node/808299

China wants ‘malicious’ bondholders curbed in poor-nation relief

China called for global measures to curb what it described as “malicious litigation” by bondholders in debt relief cases, saying such action is needed to protect a Group of 20 (G20) restructuring…

theedgemalaysia.com

Andrew Fischer@andrewmfischer.bsky.social · 2mo ago

A counterintuitive, for some controversial, argument: Aid that is considered to be funding #socialprotection is mostly not spent on social protection given that these expenditures, esp #cashtransfers (CTs), are almost entirely in domestic currency. A thread on my latest article. See:

Mirages of External Finance in Social Protection: the Politics of Aid Viewed Through the Monetary Transfer Dilemma | Article | Politics and Governance

Andrew M. Fischer

cogitatiopress.com

Kevin Carey @kevincareywb.bsky.social · 3mo ago

Kenya: "Finance Minister John Mbadi told the Citizen TV station that the finance ministry and energy ministries hoped to meet public transport operators later on Monday to discuss a solution, noting that the current prices were already subsidised." www.cnbcafrica.com/2026/protest...

Protests erupt over Kenya fuel price hikes, strike strands commuters

NAIROBI, May 18 (Reuters) – Protests over fuel price hikes prompted by the Iran war erupted in several Kenyan towns on Monday, including a nationwide public transport strike that stranded commuters an...

cnbcafrica.com

Kevin Carey @kevincareywb.bsky.social · 4mo ago

EM Debt (Reuters): "But if the uncertainty persists, it could increase the appeal of other avenues of raising money - borrowing directly from lenders through complex transactions such as total return swaps or private placements ..."

Mayor of London, Sadiq Khan@london.gov.uk · 4mo ago

2.7 million Londoners. One generational transformation. Our Renters’ Rights Enforcement Fund ensures the biggest expansion of rights in years is backed by the power to uphold them. We’re helping renters know their rights and giving organisations the resources to uphold them.

Sadiq Khan launches £400,000 fund to help renters sue their landlords

The fund is set to become available when the Renters’ Rights Act comes into force on May 1

standard.co.uk

Jo Michell@jomichell.bsky.social · 4mo ago

Bad headline. Philippines has already imposed a state of emergency. There is fuel rationing already under way in many countries; cooking gas queues in Nepal; Sri Lanka urging firms to shut on Wednesdays; Pakistan closing schools and moving universities online. www.theguardian.com/business/202...

Middle East conflict will damage UK’s economy ‘more than any other’

Organisation for Economic Cooperation and Development says UK economy will grow by just 0.7% this year

theguardian.com

Joseph Cotterill@jsphctrl.ft.com · 5mo ago

How Senegal used total return swaps backed with its domestic bonds to tap cash from international lenders despite the fallout from a hidden debt scandal, on terms that haven't been shared with the IMF. It's not the only government using swaps like this... www.ft.com/content/fbd6...

Senegal tapped €650mn of undisclosed borrowing in bid to avoid default

West African nation agreed total return swaps with AFC and FAB months after separate hidden debt scandal came to light

ft.com

Debt Justice@debtjustice.bsky.social · 5mo ago

Over 1,000 lives have already been lost since the US and Israel’s attack on #Iran. Alongside immense human suffering, the war is already having huge economic consequences that extend far beyond the region. A 🧵 on the impacts, and what could happen to countries in debt if the situation continues

Gavin Jackson@gavinjackson.bsky.social · 5mo ago

Some examples of how the energy crisis is affecting South Asia. 1. Pakistan will close schools for the next two weeks, get government employees to work from home and universities will shift to online learning. www.reuters.com/world/asia-p...

Pakistan to close schools, take other measures to cut energy as oil spikes

Pakistan's Prime Minister Shehbaz Sharif ‌said on Monday that schools would close for two weeks and office workers would work more from home as he announced a range of measures to cut fuel use and gov...

reuters.com

Tim Hirschel-Burns@timhirschelburns.bsky.social · 7mo ago

There are so many climate-related disasters that upend the lives of entire communities or regions while scarcely registering in the places most responsible for them. Starting a running thread of these increasingly-frequent events

Tim Jones@tim-jones6.bsky.social · 6mo ago

Indunil de Silva finds debt problems increase the more is owed to external private lenders: "reducing reliance on expensive private market borrowing in favor of official ... financing is essential for debt sustainability in developing economies" link.springer.com/article/10.1...

Borrowing from private creditors: blessing or curse? Evidence from the unfolding sovereign debt crisis - Journal of Economics and Finance

Journal of Economics and Finance - The aim of the study is twofold. First, although numerous empirical studies examine how overall debt levels and macroeconomic factors influence default...

link.springer.com

Jim Waterson@jim.londoncentric.media · 6mo ago

so a month ago I was reading @markpackuk.bsky.social’s speech on Twitter in the lords and there were obviously fake stats the government used to justify Twitter’s UK reach and its continued importance to British audiences Rob has now found the source of the data was… Twitter

Rob Minto@robminto.bsky.social · 6mo ago

UPDATE: I've had a response from the Cabinet Office! "the statistics cited ‘19.2 million British citizens registered with X and 10.8 million families using the platform’ were provided by OmniGov, the government's media buying agency, who received this data directly from X itself."

provided by OmniGov, the government's media buying agency, who received this data directly from X itself.
Iolanda Fresnillo@ifresnillo.bsky.social · 6mo ago

This is precisely why we need debt legislation in key jurisdictions like the UK and New York, and why we need a broader process to reform the debt architecture, including debt resolution rules and restructuring mechanism ... this is through a UN framework convention on sovereign debt!

Debt Justice@debtjustice.bsky.social · 6mo ago

Vulture funds are suing Ethiopia in London. They are demanding far more in debt payments than other creditors such as France and China. We need a Debt Justice Law now. debtjustice.org.uk/news/reactio...

Debt Justice@debtjustice.bsky.social · 8mo ago

Ethiopia's bondholders are trying to get paid 50% more than government creditors. This would mean they'd make 100% profit after 'debt relief'. New research by us and Afrodad: debtjustice.org.uk/press-releas...

Bondholders seeking massive profits from Ethiopian ‘debt relief’ - Debt Justice

Bondholders are pushing to get paid over 50% more than Ethiopia’s government creditors. These proposals could lead to bondholders making 100% profit.

debtjustice.org.uk