Tag Archives: public debt

Bio-piracy: the sale of Uganda’s lakes to investors

by Mary Serumaga

The fishermen of Kabarole District appear to have blown the whistle on an audacious act of bio-piracy. They brought to the attention of the authorities that they were being barred from access to the 53 crater lakes that they have fished in from time immemorial. In law this is known as a customary right. It cannot be extinguished simply by putting up barbed wire or waving guns about. But that is just what the District Fisheries Officer of Kabarole tried to do when he leased all 20 lakes to Ferdsult Engineering Services who then proceeded to “re-stock” some lakes and claim ownership of all them.

UNCTAD: Debt warning lights flash for poorest countries, experts say

Top economists from UNCTAD and the International Monetary Fund agree it’s time to sound the alarm on rising public debt in many low-income countries but disagree on how loudly the bell should be rung.

UK | 10 key facts about debt in the UK

The UK government is paying virtually the lowest amount of interest on its debt in recorded history, as a proportion of GDP. Of the payments it is making, most are to people and institutions in the UK, with just 25% of UK government debt owed outside the country. In contrast, 24% of the UK government’s debt is owed to the UK government itself, via the Bank of England.

Hunger, Foreign Debt and Uganda’s Fairytale Budgets

An abiding image of Uganda in April 2017 is of a group of elderly people squatting around an anthill, men and women, patting it with bunches of greenery to coax the termites out. They then pluck up the termites and eat them, not as the seasonal delicacy usually caught by young people on moonlit nights but as a primary source of nourishment.

Puerto Rico | Puerto Rico to shut down 179 public schools

By Rafael Azul

It has not taken long for the formal declaration of bankruptcy by Puerto Rican Governor Ricardo Roselló to be followed by a savage attack on social and pension rights.

On Friday, May 5, the Roselló administration followed up its May 3 request for bankruptcy protection for the US Commonwealth of Puerto Rico, with plans to shut down 179 schools across the US territory. The closures will force at least 27,000 students to seek alternative schools, in many cases far away from their homes.