Finance against people
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“Suspend external debts and apply tax to the wealthy”, is it possible to face the health crisis?
22 April 2020 - by Eric Toussaint
Eric Toussaint, Belgian historian and doctor of Political Sciences from the University of Liège (Belgium), has spent a good part of his life auditing debts from different countries of the world and requesting the suspension of several of them due (...) -
The post-pandemic slump
15 April 2020 - by Michael Roberts
The coronavirus pandemic marks the end of longest US economic expansion on record, and it will feature sharpest economic contraction since WWII. The global economy was facing the worst collapse since the second world war as coronavirus began (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 10)
World Bank and IMF support to dictatorships
9 April 2020 - by Eric Toussaint
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 9)
Domination of the United States on the World Bank
2 April 2020 - by Eric Toussaint
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 (...) -
“The Coronavirus pandemic is part of a multidimensional crisis of capitalism”
31 March 2020 - by Eric Toussaint, Henri Wilno
You wrote in a recent article: “The coronavirus was the spark or trigger of the stockmarket crisis, not its cause.” Can you be more specific? While governments and mainstream media keep claiming that the stockmarket crisis is a consequence of (...) -
No to IMF loans! Cancel Kenyan debt!
30 March 2020 - by David Calleb Otieno
On 4 March 2020, the International Monetary Fund (IMF) during a joint press conference with the World Bank Group announced that it was ready to lend $1 trillion to its members around the world that are struggling with the humanitarian and (...) -
Liberate South African public pension from stock market
27 March 2020 - by Dominic Brown
Globally, stock markets are reported to have lost more than $13-trillion dollars over the past month. South Africa was not spared. On March 12 and 13 the Johannesburg Stock Exchange (JSE) dropped by 10%, the biggest single fall in the JSE since (...) -
Fighting Coronavirus: It’s Time to Invest in Universal Public Health
26 March 2020 - by Isabel Ortiz, Thomas Stubbs
NEW YORK and LONDON, Mar 23 2020 (IPS) - Austerity policies pushed by international financial institutions have weakened public health systems, despite current financial support packages, condemning many people to die. As health systems of (...) -
Banks are weapons of mass destruction
To confront capitalism’s multifaceted crisis the bankers must be expropriated and the banks socialised
26 March 2020 - by Eric Toussaint
Bank shares have been plunging since mid-February 2020. If the big and institutional holders are selling these urgently, it must be because they are at risk. Governments and banking authorities systematically lie about the results of banks’ (...) -
Escaping the Debt Trap
21 March 2020 - by Michael McCallister
You can’t really understand the world, especially global North-South relationships, without understanding how foreign aid works. The Debt System will help you do that. The book argues for the necessity of a radical restructuring of global (...) -
The Capitalist Pandemic, Coronavirus and the Economic Crisis
19 March 2020 - by Eric Toussaint
Translation in bengali for Bangladesh and West Bengal (India) A public health crisis The coronavirus pandemic is a serious public health problem and the human suffering caused by the spread of this virus will be enormous. If it massively (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 7)
Why the Marshall Plan ?
19 March 2020 - by Eric Toussaint
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 6)
SUNFED versus World Bank
12 March 2020 - by Eric Toussaint
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 (...) -
“Life and Blood of our country, but we only have debt!”
5 March 2020 - by Amali Wedagedara
More than 700 women from 14 districts came to Colombo on February 27 to protest against government inaction on the microfinance debt crisis. Recalling a popular election slogan during the last Presidential election they demanded that the promise (...) -
No, the coronavirus is not responsible for the fall of stock prices
5 March 2020 - by Eric Toussaint
We are witnessing a big crisis in the stock markets of the Wall Street, Europe, Japan and Shanghai, and many blame the coronavirus for it. In the last week of February 2020, the worst week since October 2008, the Dow Jones fell 12.4%, the (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 5)
Early conflicts between the UN and the World Bank/IMF tandem
4 March 2020 - by Eric Toussaint
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 (...) -
Let us unite against micro-credits and illegitimate debt
4 March 2020 - by Sushovan Dhar
For every KSh 100 Kenya is collecting in tax revenue, it is spending KSh 130 to fund its budget needs, an overspending that is driving its voracious debt appetite to plug the shortfall. An analysis of the most recent expenditure data published (...) -
Only a citizen’s audit of SGR debt will unravel public heist of resources
29 February 2020 - by David Calleb Otieno
Early this week, Kenyans woke up to blockbuster like stories of how prices of items and commodities related to the Kenyan Standard Gauge Rail (SGR) project were extremely inflated perhaps explaining why the Kenyan SGR is far much more expensive (...) -
Colombo declaration on illegitimate debt
27 February 2020 - by CADTM
We, the participants of the 8th CADTM South Asia meeting from Bangladesh, India, Pakistan, Sri Lanka, as well as from Morocco, Belgium and France assembled at Colombo, Sri Lanka from 18-19 February 2020 resolve to fight against illegitimate debt (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 4)
The WB assists those in power in a witch-hunting context
26 February 2020 - by Eric Toussaint
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 (...) -
The Microcredit Scam
20 February 2020 - by Nathan Legrand
The following text is a slightly adapted version from a presentation given at the 8th CADTM South Asia workshop (Colombo, Sri Lanka, 18-19 February 2020). Microcredit: A Success Story? In its modern form, microcredit has supposedly been (...) -
Feminisation of micro credit
20 February 2020 - by Nalini Ratnarajah
The eighth CADTM South Asia regional workshop was successfully held in Colombo (Sri Lanka) from February 18-19, 2020 with participants from Sri Lanka, India, Pakistan, Bangladesh, Morocco, Belgium and France. Around forty delegates, representing (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 3)
Concerning the founding of the Bretton Woods’ Institutions
19 February 2020 - by Eric Toussaint
Series : Bretton Woods, the World Bank and the IMF: 70th anniversary -
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 (...) -
Kangemi Declaration
14 February 2020 - by CADTM
We, the participants of the 2nd CADTM East Africa Regional Meeting from Uganda, Kenya and Tanzania as well as from Morocco and India gathered at Kangemi, Nairobi in Kenya from 7 to 9 February 2020 do hereby acknowledge and affirm that (...)
CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
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