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Vaccine debts

This briefing paper explores how Africa’s debt crisis is slowing COVID-19 vaccination, and how vaccine costs threaten to add to the debt burden. 

Under the radar

Private sector debt and coronavirus in developing countries The G20 must step in and compel private creditors to cancel the debts of developing countries to avoid the loss of many more lives. In the global south, coronavirus is leaving a trail of devastation - from widespread loss of life from the virus itself, to huge economic disruption that has left hundreds of millions of people, who were already struggling to make ends meet, without jobs or sufficient food. Despite this huge economic shock, many developing countries are continuing to pay off debts to rich countries, public institutions like the World Bank and IMF, and some of the richest banks and hedge funds in the world. This means they have less money to meet the immediate needs of the population. This briefing aims to shine a light on the debt owed to private creditors by five African countries - Ghana, Kenya, Nigeria, Senegal and Zambia - and it outlines the steps which the G20 needs to take immediately to avert further economic chaos. It highlights the central role of enormous financial corporations like BlackRock, HSBC, Goldman Sachs, Legal & General, JP Morgan and UBS, which have become increasingly important in the world of sovereign debt. Private creditors’ share of the foreign debts of low- and lower-middle income governments increased from 25% in 2010 to 47% in 2018.1 Multi-trillion dollar asset manager BlackRock alone holds close to US$1 billion of ‘Eurobonds’ in Ghana, Kenya, Nigeria, Senegal and Zambia through a number of funds.

Ellis-Hadwin Health Legacy briefing

The Health Legacy Theory of Change tests the assumption that the Christian Aid Community Health approach is appropriate and effective for fragile states and supply and resource challenged settings. Expected outcomes of the Health Legacy programme: CA has an evidence based understanding of how to ensure stronger, integrated health services in fragile states and supply and resource challenged settings. CA has an evidence based understanding of how to ensure improved gender attitudes and changed social norms in fragile states and supply and resource challenged settings. CA has an evidence based understanding of how to ensure accountable, inclusive and responsive health systems in fragile states and supply and resource challenged settings. CA staff and partners have the funding and technical capacity and evidence needed to sustain the implementation of the CH Framework. The realisation of these outcomes will fulfil the objective that ‘the Community Health Framework is appropriate and effective for fragile states and supply and resource challenged settings’. The Expected Impact of achieving this objective is that through our programmes in fragile states and supply and resource challenged settings, ‘Citizens are accessing appropriate, effective, quality, timely and affordable health services that are responsive to their needs’. The expected Impact will contribute to an Overall Expected Impact of ‘Improvement in health outcomes’.

Equal Citizens, Equality in Disasters: Ensuring inclusive disaster recovery and rebuilding in Nepal

A Christian Aid humanitarian briefing paper discussing how no one should be left behind in rebuilding Nepal.