Every country deserves a level playing field. Instead governments in lower-income countries are forced to choose between paying unjust debts and keeping hospitals open.
The world is living through the worst debt crisis in 35 years. The result of rules written to favour wealthy lenders, with outcomes tipped towards banks, oil-traders and hedge funds. In countries like Senegal, more than 40% of government spending goes to unjust debt.
A shocking nine in ten debt contracts between lower-income countries and private lenders are overseen by UK law, which means our justice system is the referee, the rulebook, and the home ground for global debt.