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Hi friend,

This week the super-rich are gathering at the small, Swiss town of Davos for their annual exclusive get together - the World Economic Forum.

This includes some of the wealthiest bosses of the biggest private lenders to countries in debt crisis. They will be meeting to discuss what they think “bold collective action” looks like in today’s economy.

The Chair is Larry Fink, the boss of financial giant BlackRock, an asset manager which has made billions out of the debt crisis, alongside others such as JP Morgan and Goldman Sachs. We recently exposed how BlackRock and their clients stand to make $2.1bn ([link removed]) from loans to countries in or at high risk of debt distress.
Read more about Davos in our new blog ([link removed])

Right now, we are in the middle of the biggest global debt crisis for thirty years. In Africa, 34 countries are spending more on debt than health or education [1]. Countries are losing an unprecedented amount of money just to stay afloat instead of being able to invest in the health and wellbeing of their citizens.

Debt is a major driver of inequality and Davos is the annual meeting of some of the world's richest people. The world’s 12 richest billionaires have more wealth than the poorest half of humanity, that’s more than four billion people [2]. And it's the wealthiest who are able to use their power and influence to steer the direction of the global economy.
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Greedy private lenders – including those meeting at Davos this week - are at the centre of the debt crisis, trapping countries in debt, with some threatening to sue some of the poorest countries in the world for repayment ([link removed]) .

The real solution to fixing the global economy is massive amounts of debt cancellation for the 54 lower-income countries in crisis.
Read more in our blog ([link removed])

We have to make sure they hear our demands for debt cancellation and a new law that could help curb the power of private lenders. Share our posts on Bluesky ([link removed]) , Instagram ([link removed]) or Facebook ([link removed]) to shame the Davos debt billionaires.

Let’s stand together with campaigners around the world and demand the wealthy private lenders at the World Economic Forum this week sit up and take notice.

In solidarity,

Eva, Wiz, Zak and all at Debt Justice

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Notes

[1] Christian Aid, Between Life and Debt report, [link removed]

[2] Oxfam 2026 Global Inequality Report, [link removed]
** Our strength lies in you
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Building a fair economy that puts human life before debt, takes commitment and independence. That’s why we won’t take money from anyone who might try to water down our demands.

Our strength to win lies in the thousands of people like you coming together to support Debt Justice.


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