❔ Did you know #debtcancellation was a common practice in Babylonian times? Rulers knew that it was crucial for the survival of their reign.

We start a series of posts about debt cancellation in history that we will share every other week. Stay tuned for more!

Student Loan Debt Statistics [2026]: Average + Total Debt Find student loan debt statistics, including the national debt balance, average individual balance, and annual growth rates.

$1.77 trillion in US student debt. This isn't a crisis—it's a system working exactly as designed. Keep you working, compliant, unable to take risks or organize. Debt as social control.

#StudentDebt #DebtCancellation

Student Loan Debt Statistics [2026]: Average + Total Debt Find student loan debt statistics, including the national debt balance, average individual balance, and annual growth rates.

$1.77 trillion in student debt isn't a side effect. It's the design. Debt keeps you compliant, working jobs you hate, too scared to quit or take risks. They need you trapped.

#StudentDebt #DebtCancellation

"For years, wealthy countries drove too much of the agenda. Now we have an opportunity to re-imagine foreign aid."
#GlobalHealth #USAID #ForeignAid #PublicHealth #DebtCancellation #GlobalSouth #AidReform

As world leaders arrive in Jo'burg for the first #G20 on African soil, campaigners have lit up skyline with a powerful demand for #debtcancellation 🔥🔥🔥

It's time to #CanceltheDebt 🌍📣

#CancelDebtChooseHope
@glasgowactions.bsky.social

Pan-African Protest in Ghana Demands Cancellation of Africa’s External Debt In a recent major demonstration held in Accra, Ghana, trade unions, youth groups, and civil society organizations from across Africa united to demand the cancellation of the continent’s massive…

Pan-African Protest in Ghana Demands Cancellation of Africa's External Debt killbait.com/en/pan-afric... #economy #africandebt #ghanaprotest #debtcancellation

Australia wipes $10 billion off student loans, targeting cost of living relief SYDNEY (Reuters) -Australia’s parliament on Thursday passed a law to cut student loans by 20%, wiping more than A$16 billion ($10.31 billion) in debt for 3 million people, and fulfilling a key election promise to help mitigate the rising cost of living. The law is the first passed by Prime Minister Anthony Albanese’s centre-left Labor Party since being re-elected in May with one of the country’s largest-ever majorities. “We promised cutting student debt would be the first thing we did back in parliament – and that’s exactly what we’ve done,” Albanese said in a statement. “Getting an education shouldn’t mean a lifetime of debt.” Education Minister Jason Clare said the measure would help “take a weight” off the backs of young people. “Young Australians don’t always see something for them on the ballot paper, but they did this year and they voted for it in their millions,” he said at a press conference. “And we’re repaying now the trust that these young Australians have placed in us.” Millennials and Generation Z made up 43% of the 18 million people enrolled to vote in Australia’s May general election, outnumbering Baby Boomers. Seizing on the generational shift, Labor made cutting student debt a key election promise, framing it as a measure to ease living costs and tackle intergenerational inequality. The government said reducing student loans by one-fifth was equivalent to more than A$16 billion in debt relief for three million Australians. It would mean a university graduate with an average loan of A$27,600 would have A$5,520 wiped, the government said, adding the changes would be backdated from June 1, 2025, before the loans were indexed 3.2% for inflation. ($1 = 1.5516 Australian dollars) With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Click Subscribe. #Australia #StudentLoans #CostOfLiving #FinancialRelief #DebtCancellation

🌍 That’s a wrap on #FfD4 - but this is only the beginning.

We stood together to expose austerity, debt traps & elite power.

We demanded:
✅ #EconomicJustice
✅ #DebtCancellation
✅ #ClimateJustice

We will not be silenced. We are here to stay.

This is the start of an #EraOfJustice to #EndAusterity ✊

We took action at #FfD4 to say: the era of austerity must end.

Austerity isn’t “fiscal responsibility.” It’s a system to protect wealth while communities pay the price.

We demand:
✅ #DebtCancellation
✅ #ClimateJustice
✅ #TaxTheRich

We will not be silenced. We are fighting for an #EraOfJustice.

Once again stark contrast between what’s being said and what’s being done at #FfdD4: „We've been fighting against egoism and shortsightedness“, says Sanchez. Looking back, the conference promoted exactly those two things, avoiding to talk about #DebtCancellation at all cost.

@cs_ffd speaks for civil society: #Debt repayments are prioritized over basic necessities. Debt swaps are vigorously pushed despite little effect on debt burden and greenwashing. We need participatory intergovernmental process leading to #DebtCancellation #FFD4 #FFD4People

Financing our future: Crafting a progressive vision for the future of financing for development - Foundation for European Progressive Studies How to access the venue: In Pl. de la Encarnación (Square Encarnación), access the venue […]

🧵[5/5] Además, esta tarde en Sevilla, nuestra directora Cristina Muñoz moderará una mesa en el evento organizado por @feps-europe.eu “Financing our Future”

📍Solo presencial: feps-europe.eu/event/financ...

#FfD4 #DebtCancellation

Arriving at #FfD4 to represent #DebtForClimate and call for #DebtCancellation for the Global South. With Ali, Evke, Angelo and Antoine. Not sure we'll be able to access the plenary. Angelo our comrade from Sputh Africa got stopped because he had flyers. He got through eventually

Protesters demand debt cancellation, climate action ahead of UN summit - Sight Magazine Activists marched through southern Spain's Sevillem, calling for debt cancellation, climate justice and taxing the super rich.

Protesters demand debt cancellation, climate action ahead of UN summit @sightmagazine.bsky.social #Spain #Seville #UNsummitonfinancingdevelopment #debtcancellation #climatechange

sightmagazine.com.au/news/protest...

Protesters demand debt cancellation, climate action ahead of UN summit By David Latona and Silvio Castellanos SEVILLE, Spain (Reuters) -Activists marched in blistering heat through southern Spain’s Seville on Sunday, calling for debt cancellation, climate justice and taxing the super rich on the eve of a UN summit on financing development that critics say lacks ambition and scope. The four-day meeting - held once every decade - promises to take on poverty, disease and climate change by mapping out the global framework for development. But the United States’ decision to pull out and wealthy countries’ shrinking appetite for foreign aid have dampened hopes that the summit will bring about significant change. Greenpeace members carried a float depicting billionaire Elon Musk as a baby wielding a chainsaw, seated atop a terrestrial globe. Others held up banners reading "Make Human Rights Great Again", "Tax justice now" or "Make polluters pay". Beauty Narteh of Ghana’s Anti-Corruption Coalition said her group wanted a fairer tax system and "dignity, not handouts". Sokhna Ndiaye, of the Africa Development Interchange Network, called on the public and private sectors to be "less selfish and show more solidarity" with developing countries. Hours earlier, however, Spanish Prime Minister Pedro Sanchez said that "the very fact that this conference is happening while conflict is raging across the globe is a reason to be hopeful". Speaking at an event by non-profit Global Citizen, Sanchez reiterated Madrid’s commitment to reach 0.7% of GDP in development aid and urged other countries to do the same. Jason Braganza, executive director of pan-African advocacy group AFRODAD who took part in the year-long negotiation on the conference’s final outcome document, said countries including the U.S., the European Union and Britain had obstructed efforts to organise a UN convention on sovereign debt. "It’s a shame these countries have opted to protect their own interests and those of creditors over lives that are being lost," he added. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Click Subscribe. #DebtCancellation #ClimateAction #UNsummit #Protest #ClimateChange

Developing countries ‘need more debt relief’ to fund education and health Research warns poorer governments prioritising debt payments over essential development spending

🧐The report rightly points at the need for #DebtCancellation, calling HIPC II.
While I agree on the need for broad debt cancellation of all unsustainable (& illegitimate) debts, it needs to be unconditional 🤔 (2/6) www.theguardian.com/world/2025/j...

Debt swaps are NOT a solution to the debt & climate crises – yet they’re being promoted in key spaces like #FfD4 #G20 #UNFCCC

Find out why swaps aren’t the answer 👉 bit.ly/3ZVZcRs

We say NO to debt swaps and YES to:
✅ #DebtCancellation
✅ Grant-based climate finance

Debt cancellation isn’t radical - it’s ancient!

From Babylon to the Bible, societies wrote off debts to restore justice.

So when we demand #debtcancellation today, we’re not being extreme. We’re following a long, time-tested tradition!

#CancelDebtChooseHope #D4CJubilee25 #Jubilee25 #DebtJustice

The @consilium.europa.eu positions ahead of #FfD4 fail to support #climatefinance and #debtcancellation. The #EU must step up its efforts and support real solutions in #Seville to break the vicious fossil fuel debt cycle.

👉🏾 data.consilium.europa.eu/doc/document...

Achieving Climate Justice: Why Debt Matters As the global climate crisis accelerates, the countries that have done least to cause it are facing deadly impacts and mounting costs. Rich countries are failing to step up on climate finance, and aid...

UK webinar: Why does debt matter for #climatejustice?

Join Global South activists to uncover how colonial debt traps sabotage climate solutions, and how #debtcancellation is crucial for climate action

📆 Register here: tinyurl.com/CACC-Jun2025

#D4CJubilee25 #CancelDebtChooseHope #Ffd4

Activists Demand Debt Cancellation at UN Finance Forum IMAGE DISTRIBUTED FOR GLASGOW ACTIONS TEAM - Outside the United Nations ECOSOC Forum on Financing for Development, dozens of climate and debt justice activists demand full cancellation of Global…

Big up to the activists and campaigners in New York demanding #DebtJustice and #DebtCancellation in New York yesterday ✊ 🔥

www.bta.bg/bg/galleries...

🗳️ It's April 28th, Don't forget to vote! 🗳️
Your voice matters — make it count! 📣✨

Stand up for:
🌎 #EcologicalJustice
🧡 #IndigenousRights
♀️ #GenderJustice
🌍 #MigrantJustice
✍️ #DebtCancellation

✅ Let's build a more just and sustainable world together.

#VoteForJustice #April28 #KAIROSCanada

On April 28th, exercise your right to vote!
Your voice matters — make it count!
Stand up for:
#EcologicalJustice
#IndigenousRights
#GenderJustice
#MigrantJustice
#DebtCancellation

Let's build a more just and sustainable world together.
Download the toolkit here: link.kairoscanada.org/Electi...

Former Debt Collectors Have Wiped Away $6.7 Billion of Medical Debt for Millions of Americans 3.6 million Americans have had their medical debt zeroed by, of all people, two former Wall Street debt collectors.

There are good debt collectors. 👇
This should be made into an Executive order. It should be made public. It could save lives, and shows there are people who care for strangers.
#KindnessOfStrangers #Debt #GoodNews #DebtCancellation #Worldnews #News
www.goodnewsnetwork.org/former-debt-...

📢 Speak up for social & ecological justice this election! Candidates don’t often hear about #Indigenous rights, #genderjustice or #debtcancellation—but you can change that.
The KAIROS 2025 Election Toolkit gives you the tools to engage confidently.
Download now: www.kairoscanada.org/electio...

WCC news: WCC calls for action on climate finance, debt cancellation, and tax justice at UN Human Rights Council As climate change continues to devastate vulnerable communities worldwide, the World Council of Churches (WCC) called on the UN Human Rights...

#WCCnews #climatefinance #debtcancellation #taxjustice #UNHumanRightsCouncil #WorldCouncilofChurches

#christiantheology #redemption #debt #debtcancellation #jubilee #theology #capitalism #lending #predatorylending #carcerality #carceralcapitalism #politicaltheology #religionandpolitics

Michael Sheen’s kindness shows how cruel the credit business is | Letters Letters: Readers respond to the news that the actor has paid off £1m of his neighbours’ debts and called for fairer banking practices

If someone like #MichaelSheen can buy individual debts for pennies on the pound then what is to stop any individual from buying their *own* debt at that rate and then cancelling it?

#Debt #DebtCancellation

www.theguardian.com/culture/2025...

72 years German debt cancellation - Possible for Germany in 1953, but not for the Global South today?

The London Agreement On 27th of February 1953, 72 years ago, representatives of over 20 countries signed the London Debt Agreement. It included far-reaching debt cancellation and very favourable repayment terms for the Federal Republic of Germany, e.g: The debt was reduced from 32.3 billion Deutschmarks to 14.5 billion. The debt could be repaid in Deutschmarks. The annual repayments did not exceed 5% of export performance. Goods that Germany could produce itself were not to be imported.

The German “Economic Miracle” ... which was not one. In the period after debt cancellation, the German economy grew enormously. This period is also known as the "German economic miracle". But nothing about it is really surprising. Debt cancellation, favourable repayment terms, protectionist economic policies and continuities from fascism - the majority of companies continued to benefit from expropriation and forced labour that had taken place during the Nazi Regime - explain the improvement in Germany's economic situation during this period.

Possible for Germany in 1953, but not for the Global South today? This example shows that debt cancellation is possible, provided it is politically desirable, and that it has an enormous impact on the economy and the ability of states to act. For years, we have been campaigning and protesting for the complete and unconditional cancellation of debt for the Global South. Today, unlike in 1953, this is against the will of those in power - but we continue to fight for it!

A little bit late, but not any less relevant!
ℹ️ An info post about the German #DebtCancellation from 1953, which had its anniversary on the 27th of February.

🚨 The biggest global debt movement in 25 yrs!

A generation after $130b in #debtcancellation, #Jubilee2025 brings voices from every faith, and none, to challenge the debt crisis.

👀our UK Coalition video for #CancelDebtChooseHope. We need to #CancelTheDebt! #D4CJubilee25
youtube.com/shorts/SRnMJ...