External debt

• Statement from Civil Society Organizations of Nepal

  Say NO to ‘climate loan’

  18 February 2011

  Adverse impacts of global warming and subsequent climate change are already been apparent with an increase in frequency and intensity of climate induced extreme events. People’s lives and livelihoods, especially of poor and marginalized social groups such as farmers, indigenous communities, women and children in least developed countries and developing nations are most at risks and vulnerable to these disasters. These nations contribute negligibly to the global green house gas emissions (...)

• CADTM present in the International University of Peace

  
  by Daniel Munevar

  22 July 2010

  During these past few days the XXV edition of the International University of Peace took place in Sant Cugat del Valle, on the outskirts of Barcelona. This project came about in 1984 with the aim of creating the conditions and providing the tools necessary to foster debate, reflection and exchange of experiences on conflict and peace building. The University was created by the initiative of Frederic Roda Pérez and Nobel Peace Prize laureate, Adolfo Pérez Esquivel. Amid discussions on the (...)

• Cancellation Of The External Debt And Recognition Of The Ecological Debt

  by Sajida Hussein

  6 June 2009

  The debt owed by poor countries to the IMF and World Bank is crippling, and very often comes at the expense of essential investments in people such as education, health care and environmental services. Some African countries, for example, spend an average of $US14 per person each year on servicing their debts, compared to only US$5 per person on health care. Viewed from an angle, the average debt of every Indian has been estimated to soar to about Rs 30,000 in about a year with the (...)

• The Debt in figures

  8 May 2009

  A necessary tool to understand the current global crisis, the data collected here by Damien Millet and Eric Toussaint (CADTM) should enable us to make sense of one of the basic reasons for the international situation, as seen from the viewpoint of the global South. 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 (...)

• The Debt in Figures

  
  by Eric Toussaint, Damien Millet

  27 February 2009

  A necessary tool to understand the current global crisis, the data collected here by Damien Millet and Eric Toussaint (CADTM) should enable us to make sense of one of the basic reasons for the international situation, as seen from the viewpoint of the global South. 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 (...)

• 2nd South Asian Workshop on International Financial Institutions and Debt

  Bhutan political crisis, Debt scenario and International Financial Institution

  by Mohan Tamang

  15 January 2009

  Presented by Mohan Tamang, Democratic Youth of Bhutan, 15th Jan 2009

• G20: an inconsistent script to be thoroughly rewritten

  
  by Eric Toussaint, Damien Millet

  17 November 2008

  The G20 summit that brought together major industrialised and emergent countries in Washington on 15 November 2008 is a dismal failure. The international financial crisis is deep indeed, stock markets lost close to 40% of their capitalisation in October 2008, financial markets are awaiting decisions by the States in order to develop remedies against a dark future. The international media spotlights were on Washington for this mid-November weekend. And yet… Yet what happened in Washington? A (...)

• What are the alternatives for human development?

  
  by Eric Toussaint

  20 October 2008

  In 2008, the financial, economic, food and climate crises have worsened dramatically throughout the world. The effects will be long-lasting. The international organizations and most governments have responded in ways that can only cast further doubt on their own legitimacy. Indeed the majority of the public are perfectly aware that bankers are being bailed out with no concern for the interests of the people. The convergence of these crises shows populations that there is a clear need to (...)

• Developing countries: dangerous times for the internal public debt

  
  by Eric Toussaint

  11 October 2008

  Since the second half of the 1990s, the internal public debt of the world’s developing countries has increased significantly. This increase is now reaching alarming proportions in a number of middle-income countries. While some very poor countries have not yet been affected, the historical trend indicates a continuing rise in the debt level for developing countries. At enormous cost to the countries concerned. According to the World Bank, the internal public debt of all developing countries (...)

• Grupo Nacional Deuda

  Financial debt and sovereignty in the Constitution of 2008

  24 September 2008

  THE DEBT IN THE CONSTITUTION PROPOSAL TO THE NATIONAL CONSTITUENT ASSEMBLY REGARDING THE DEBT AND FINANCIAL SOVEREIGNTY (February 2008) GENERAL THOUGHTS During the long neoliberal period, the foreign debt and the indebtedness system in general were used as tools to impose an economic model riddled with injustice. The debt was a perverse mechanism to plunder our resources – between 1982 and 2007 the foreign public debt grew from 3.9 to 10.4 billion dollars; in that same period, payments (...)

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