Medical students campaign against vulture funds
 Voluntary organisation Students for Kids International Projects (SKIP) is helping Oxfam to campaign against vulture funds.
A vulture fund is basically a company which buys up a country’s 'bad' debt at a bargain price and then seeks to make a profit by pursuing it for a vastly inflated figure through the courts. One such company is seeking to make a huge profit from Zambia, one of the poorest countries in the world.
Clare Thomas, medical student and SKIP national coordinator, said: "People in Zambia are still coming to terms with the consequences of a recent terrible drought and the HIV and AIDS pandemic. Demanding money off Zambia to repay an old debt is absurd".
"We're campaigning with Oxfam because the actions are immoral. It is extremely disheartening to see that, just after the debt cancellation initiative, there is a vulture ready to scavenge off Zambia with devastating consequences for the country’s health and education budget."
Just so you know, SKIP is a voluntary organisation which recruits, trains and supports medical students working on health and community projects in countries like Sri Lanka, Thailand and Zambia. Take action against vulture funds >>
posted at 1:46 PM
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