stop vulture funds exploiting debt-ridden countrie

The petition

Vulture fund companies buy up the debt of poor countries at cheap prices, and then demand payments much higher than the original amount of the debt, often taking poor countries to court when they cannot afford to repay. Vulture Funds’ are companies that buy cheaply the debt owed by developing countries. They buy the debt cheaply then sue the country for the outstanding debt plus interest and fees. This can lead to the law suit being for up to ten times the price paid for the debt. Such funds are wiping out the benefits which international debt relief was supposed to bring to poor countries.

Please sign the petition to ask the leaders of the G8 to outlaw 'vulture funds' and keep them from exploiting debt-ridden countries.

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