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18 July


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18 July 2023
EDITO

A public forum organised by the Ukraine Solidarity Network (U.S.) clearly demanded an end to all illegitimate debts owed by Ukraine. Financing the real human development and the reconstruction in Ukraine must imperatively take priority over debt repayments. Much of the debt was accumulated through borrowing by the oligarchs to fund neo-liberal changes, privatisations, and a wholesale looting of the country, which already caused misery among the population. Any meaningful international solidarity must say no to both Russian and NATO's imperialisms and support Ukrainian groups that are fighting the oligarchs as well as the invaders. CADTM extends its solidarity to the Ukrainian people in their struggles against illegitimate debt and the ruling oligarchs.

Economists around the world say "Yes" to the Yasuní National Park in Ecuador and "No" to oil exploitation that will destroy its biodiversity. In a month from now, Ecuador will vote in a historic referendum that may lead to suspending oil extraction and leave the remaining oil reserves in the ground in Yasuni National Park, in the heart of the Ecuadorian Amazon. This consultation represents a historic event. Its transcends, in the context of the environmental crisis we are experiencing, far beyond Ecuador’s borders. Economists from around the world, in a responsible exercise of their profession, argue that the most beneficial solution for Ecuador is to leave this oil in the ground—that is, vote YES to preserve Yasuní.

Pierre-François Grenson analyses Chinese lending to African countries. While such loans are more advantageous than those from Europe or the United States, the relationship is very much to China’s advantage and highly open to criticism.

CADTM stands in solidarity with Jawad Mustaqbal victim of vile attacks from Moroccan authorities who are scared of a popular mobilisation at the counter-summit of social movements against the World Bank and the International Monetary Fund in Marrakech. Jawad is one of the key organisers of the counter-summit that will take place from October 12 to 15, 2023.

We are pleased to announce that The World Bank: A Critical History, published by Pluto in the United Kingdom, will be available in bookshops as from in August 2023. This reference book is also available in French, Spanish, Portuguese, and Arabic. It will be released in Turkish in 2024, and in the same year, a new Spanish edition will be produced exclusively for Latin America and the Caribbean by Mexico's famed Fondo de Cultura Economica publishing house.

Also find articles on France, Burkina Faso, South Africa, Greece, Sri Lanka, Pakistan, and others.

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