The Ybor City Stogie

Time to clip the wings of Vulture Funds

Investigative reporting by Greg Palast, broadcast on the BBC and Democracy Now, has exposed the vulture funds, defined by the International Monetary Fund as companies that buy up the debt of poor nations on the cheap when it is about to be written off and then sue for the full debt plus interest, often pocketing 10 times what they paid for it......more

Zambia at a glance