This year’s landmark debt case between Argentina and a group of predatory “vulture funds” brought a critical issue to global prominence. These funds sue poor countries for old debts they buy cheap on the secondary market, often targeting money intended to fund health and education services in the global South. Vultures sued post-conflict Liberia, the Democratic Republic of the Congo (2nd to last in UN development rankings) and sued Zambia for an amount roughly equivalent to the country’s health budget. The faith community is actively involved in this struggle. What’s next to stop vulture funds? How can people of faith get involved?
Andrew Hanauer, Jubilee USA