Take action

Please tell Credit Suisse and VTB to drop the debts claimed from Mozambique.

* = Required

David Mathers, CEO of Credit Suisse International (UK)

Nick Hutt, CEO of VTB Capital Plc

First name *

Last name *

Your email *

Address

Address 2

Town

Postcode

Country

Subject

I am writing about the hidden $597 million loan arranged by the London branches of Credit Suisse and VTB to Proindicus in Mozambique, as well as the $535 million loan by VTB to Mozambique Asset Management.
The loans violated Mozambique law, as they were not agreed by the Mozambique Parliament. Furthermore, the loans were also not disclosed to the Mozambican people, the International Monetary Fund or other international lenders and donors. I believe that the people of Mozambique never provided legal consent to these loans through their agreed democratic and constitutional processes, and as a result it is wrong for Credit Suisse and VTB to profit from the Proindicus loan, and for VTB to profit from the MAM loan. Banks that facilitate loans to an impoverished country which break the law of that country should have no expectation of getting repaid or generating income from that business. I call on you to do the right thing and drop these debts.

To show you're an actual person, what is 5 + 2 ? *

I would like email updates from Jubilee Debt Campaign.

I would like postal updates from Jubilee Debt Campaign (UK only).

Jubilee Debt Campaign actions are processed by Organic Campaigns. Data will be processed by Organic Campaigns: Privacy policy. Acknowledgements

Take action

Contact us