What's New

KPFA Radio: GUEST: Michael Stulman, Associate Director for Policy and Communications at Africa Action
August 31, 2009 - www.uprisingradio.org
"A coalition of advocacy groups is pressuring Congress to pass a bill that would help end so-called “Vulture Fund” profiteering at the expense of impoverished nations. Click here to listen to the segment..."  Go >

FINANCE-US: "Vulture Funds" Prey on Poor Debtor Nations
August 19, 2009 - Eli Clifton, Inter Press Service
"Since 1996 donor countries - including the U.S. - have committed 90 billion dollars in bilateral and multilateral debt relief to over 30 countries. VULTURE funds profit from this debt relief," Michael Stulman, associate director of policy and communications at Africa Action, told IPS..."  Go >

Allow Africa to Seize Control of its Destiny; Prohibit Vulture Fund Profiteering in U.S. Courts
August 19, 2009
"Congress is taking up the issue with legislation sponsored by Congresswoman Maxine Waters (D-CA) and Congressman Spencer Bachus (R-AL), the Stop VULTURE Funds Act (H.R. 2932). With 19 co-sponsors already signed on, the Judiciary Committee is expected to hold a hearing on this bill in September..."  Go >

Washington fuels Africa's crisis
August 17, 2009
"...The situation will be exacerbated through these new loans by the IMF," says Michael Stulman during an interview with Lena Weintstein for her article The New Scamble for Africa. "The loans still carry conditions that have the potential to subvert economic growth, and urgent action is needed more than ever to see that all debt is canceled to Africa as it faces this current financial crisis..."  Go >

Stop Vulture Funds Sign-on Letter
August 12, 2009
"This letter urges Members of Congress to co-sponsor the "Stop VULTURE Funds" Act (H.R. 2932). This bill will help preserve the poverty reduction gains achieved through global debt cancellation efforts by making it illegal for so-called “Vulture Funds” to profiteer from poor country debts at the expense of impoverished citizens of heavily indebted poor nations and U.S. taxpayers who have supported international debt cancellation..."  Go >

Top Ten Ways to Take Action to Stop Vulture Funds
August 10, 2009
"Here is the latest top ten ways to take action to stop Vulture Funds. Click here to find new ways to educate, and organize your community on the impact of Africa's illigetimate debt burden..."  Go >

Media Briefing Booklet: President Barack Obama's Visit to Ghana July 10, 2009
July 10, 2009
"Over the past decade, Africa’s status in U.S. national security policy has risen dramatically, for three main reasons: America’s growing dependence on Africa’s oil exports, Africa’s importance as a major battlefield in America’s “Global War on Terrorism,” and Africa’s central position in the global competition between America and China for economic and political power..."  Go >

Vulture Funds: A Threat to the Poorest Countries and U.S. Foreign Assistance
July 7, 2009
"Vulture funds, or companies that make huge profits by buying a country’s debt at a reduced price and then suing for the full amount, are siphoning away gains made by debt cancellation.This new resource outlines talking points on the Stop VULTURE Funds Act (H.R. 2932), reintroduced on June 18, 2009. Click here to see which countries are affected by Vulture Funds..."  Go >

Africa Action Talking Points on the G8 and Africa
July 6, 2009
"As the G8 leaders meet in Italy for the newest conference, new action must be taken to demonstrate that their stated objectives last year, along with those from 2005, reflect more than just rhetoric..."  Go >

Congress Acts to Tame Prowling Vulture Funds
June 18, 2009
"Today Congresswoman Waters introduced the "Stop VULTURE Funds” Act (H.R. 2932) to the House of Representatives. Africa Action commends the leadership shown by U.S. congressional representatives and urge that it receive support by the full House so that it can move forward for Senate review. Click here to see which countries are affected by Vulture Funds..."  Go >

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