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Debt

An ABC of the ailing World Trade Organization

18 February 2020 - by CADTM

The IMF and the World Bank were not the only institutions to emerge to consolidate the world’s economy after World War II. Discussions between Allies, mainly the United States and Great Britain, concluded with the notion of an international trade (...)
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 2)

The International Monetary Fund (IMF): an ABC

12 February 2020 - by CADTM

In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...)
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 1)

The World Bank: an ABC

3 February 2020 - by CADTM

In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...)
Debt Against the People: an ABC

29 January 2020 - by Eric Toussaint

Introduction Over the last ten years Greece has been a prime example of how a country and a people can be deprived of their liberty through clearly illegitimate debt. Since the 19th century, from Latin America to China, Haiti, Greece, Tunisia, (...)
Third World Debt

16 May 2016 - by Damien Millet

Accounting for the Third World Debt Third World indebtedness involves four categories of agents and a threefold external shock: 1. Banks in the North Towards the end of the 80s, banks in the North found that they had too many (...)
Définition of illegitimate, illegal, odious and unsustainable debts

21 May 2015 - by Truth Committee on the Greek Public Debt

In order to define the odious, illegitimate, illegal and unsustainable parts of the Greek public debt, the Truth Committee on the Greek Public Debt set up by the President of the Hellenic Parliament will use the definitions that follow. These (...)
Citizen debt audits: how and why?

4 January 2012 - by Damien Millet, Eric Toussaint

The question of the repayment of public debt is undeniably a taboo subject. The heads of State and governments, the European Central Bank, the International Monetary Fund, the European Commission and the mainstream media present it as (...)
The Debt in figures

26 November 2000
From the 1960s to today’s global crisis, the international network of the CADTM has constantly kept a critical eye on the world economy and the mechanisms of domination that affect it. Analysing various statistics is essential to identify what (...)