Jubilee Debt report finds 96% of Third World debt to UK comes from failed exports

(Jubilee Debt, London, 29 January 2011) Jubilee Debt Campaign's new report on the Export Guarantee Department exposes a history of backing projects by large corporations in a handful of controversial sectors which have led to human rights abuses, environmental destruction and corruption in the developing world, and often failed to deliver even on their stated aims. Over £2 billion of ‘toxic debts’ from failed UK exports make up 96% of Third World debt to the UK.