Jubilee Debt Campaign Birmingham

Archive for July 2011

It is always encouraging to see publications covering our work.

Here is the latest article  from the summer edition of Islamic Relief magazine.

” END VULTUR£ FUNDS
Islamic Relief is a member of the Jubilee Debt Campaign, a coalition of organisations that work towards the 100% cancellation of unpayable and unjust developing country debts.

In March, following extensive pressure from Jubilee Debt Campaign coalition, it was announced that the UK government would make permanent a landmark law to protect the poorest countries in the world from profiteering by so-called vulture funds. Vulture funds buy poor countries’ debt cheaply and sue the countries for repayment of the full value; in other words, they seek a high return on a relatively small investment, at the expense of the world’s poorest.

The law has already saved Liberia $40million and successfully kept vulture funds out of UK courts.

International support for the act has been expressed by Archbishop Desmond Tutu, President Ellen Johnson Sirleaf of Liberia and President Bharrat Jagdeo of Guyana.

“We see this law as an important first step in putting the fight against poverty and inequality ahead of the excessive profits of a few greedy investors.”
Nick Dearden Director of Jubilee Debt Campaign.”

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“In this polarised world the ever increasing gap between rich and poor nations is a scandal that reflects upon us all. Jubilee Debt is addressing one of the most urgent issues of our time and deserves our support”.

 

The JDC Multifaith Project has been commended by Karen Armstrong the noted author and columnist on world religions. She is the author of 12 books on comparative religion including: A History of God:  the 4,000 year quest of Judaism, Christianity and Islam; Muhammad, a biography of the prophet; Buddha; and The Case for God. In 2008 she was award the TED prize of $100,000 and devoted it to the in auguration of a Charter for Compassion; signatories include the Dalai Lama, Archbishop Desmond Tutu and Queen Noor of Jordan. The Charter is based on the spirit of the Golden Rule (to treat others as one would like to be treated oneself) which is at the heart of the great religious traditions and intended to foster global understanding and a peaceful world.


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July 2011
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