The IMF, the G7 and G20 have announced relief measures, such as the short-term suspension of payments for a limited group of countries. But the exceptional situation calls for far more ambitious decisions.


All of us are affected by the coronavirus taking human lives and wreaking havoc on our economies. Hundreds of millions of people from developing countries are facing a devastating health, social and economic crisis as a result of the corona pandemic. Many lives will be lost.

While several more developed countries can pass "stimulus" packages to get through the crisis, too many developing countries lack resources to confront this crisis. They face high debt burdens, falling commodity prices, large capital outflows, and tax avoidance and evasion. At the time that countries need to expand health care and social protection, debt payments rise and revenues fall. Many have already been in debt crisis, many more will follow.

Developing countries need the resources to face this crisis. Now!

The IMF, the G7 and G20 have announced relief measures, such as the short-term suspension of payments for a limited group of countries. But the exceptional situation calls for far more ambitious decisions.

Our demands go beyond...

  • We ask for cancellation of all debt payments due in 2020 and 2021.
  • We ask for all lenders to contribute: multilateral, bilateral and private.
  • We ask for no penalties to borrower governments that stop making debt payments.
  • We ask for additional emergency financing that does not create new debt.
  • We ask for a fast financing that is free of economic conditionalities and austerity policies.
  • We ask that the process start now for an independent UN mechanism to comprehensively address the debt problem and resolve debt crisis.

Support these measures. NOW!

#DropDebtSaveLives
#CancelTheDebt
#AnulaciónDeLaDeuda


Rodolfo Lahoy, IBON International
Anne-Marie Nzila, Plateforme Dette & Développement Congo-PF2D
Jean Saldanha, Eurodad
Eric LeCompte, Jubilee USA Network
Abdul Khaliq, CADTM Pakistan
Kristina Rehbein, Jubilee Germany
Sarah-Jayne Clifton, Jubilee Debt Campaign UK
Stefano Prato, Society for International Development
Patricia Miranda, Latindadd
Jaime Atienza, OXFAM
Jean-Marc Bikoko, Plateforme d'Information et d'Action sur la Dette (PFIAD)-Cameroon
Lidy Nacpil, Asian People's Movement on Debt and Development (APMDD)

April 18, 2020