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Financial "vultures" poised to swoop on Africa through Jersey's offshore loophole - the Guardian

1y ago
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Twenty-six hedge funds are demanding over £1bn debt repayments from Africa's poorest countries - more than twice the International Red Cross budget for Africa this year. They are using legal loopholes around the world, including the Channel Island of Jersey. Greg Palast reports in a special investigation by Guardian Films and BBC Newsnight