Committee for the Abolition of Illegitimate Debt

As foreseen, the US Federal Reserve (Fed), shamelessly, continues its 'Quantitative Easing' practices. Since the 17th September it is again showering US banks with cash as if it's confetti.

The Bretton Woods twins (IMF and World Bank) continue to ravage the world. In this edition, while tracing their history, we present the debates in Washington DC at the start of this century, viz. the Meltzer Commission; the roles of Presidents James Wolfensohn, Barber Conable and Lewis Preston; how these institutions have contributed to the global debt crisis following the 1982 Mexican crisis.

Hope filled the air forty years back. 1979 witnessed an authentic revolution in Nicaragua that combined a popular uprising with self-organization of cities and neighbourhoods in rebellion, and the action of the Sandinistas. However, the gains of the revolution are shattered. The violent repression of protesters rallying against the brutal neoliberal policies, has resulted in more than 300 people being killed by the regimes forces since April 2018. Èric Toussaint & Nathan Legrand attempt to examine this degeneration in its historical context. These forty years (1979-2019) have witnessed lofty popular achievements as well as gross violation of rights by the regime acting in defence of neo-liberalism.

Another bankruptcy of the left and the elusive return to normality in Greece is well examined by Yorgos Mitralias. CADTM AYNA resolutely defends the popular uprising in Puerto Rico. Pierre Gottiniaux explains how Puerto Ricans are in the streets against sexism, homophobia, austerity and corruption. Jérome Duval discusses the question of democratic transition in post-Bouteflika Algeria. Sushovan Dhar indicates how corporate debt can be the catalyst for the next crisis in India.
We are also happy to present news and views on the Caribbean, South Africa, Kenya, Mauritius Leaks, Sudan, Pakistan.

Developing the website in four languages (French, Spanish, English and Portuguese) and the electronic bulletins in three languages (French, English, Spanish) are a couple, among the numerous projects of CADTM. A new site set up recently and we hope likewise to provide more articles for a possible maximum number of readers around the world. The members of the CADTM international network will actively participate in the research and production of articles so that we can provide you with better information.
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