Committee for the Abolition of Illegitimate Debt

As the economic crisis deepens, triggered by the pandemic scare and exacerbated by the lockdown, the call for debt cancellation reverberates through many parts of the planet. Several organisations, including CADTM, join hands to demand the cancellation of South Asian – both public and private illegitimate - debts. We urge you to sign this appeal and strengthen our collective voice!

In an interview with Alexis Cukier, Eric Toussaint explains the importance of a new powerful international social and political movement. Only a powerful movement of the masses can stop the current capitalist assault on the working people of the world. Milan Rivié explains the UNCTAD proposal for the creation of an “International Debt Authority for Developing Countries”. While the CADTM welcomes this possible step forward, we remain strongly in favour of sovereign acts of self-defence, aimed at repudiating the illegitimate and odious parts of the debt after scrutiny by citizens’ debt audits. Omar Aziki stresses the importance of the struggle for peoples’ resources and food sovereignty amidst this current pandemic.

Thanks to the Black Lives Matter mobilizations against racism in general, and racism against black people in particular, becoming an international phenomenon more and more people are seeking to know the truth about the dark past of the colonial powers and the continuation of neo-colonialism up to the present times.

Nathan Legrand challenges the European militarist project. This is the fourth of the five texts that form part of the publication, “The impact on Southern European financial policies and development cooperation strategies and possible alternatives”, undertaken by the ReCommonsEurope project. The other essays deal with the debt, European neocolonial policies in the field of trade and investment and the inhumane migratory policies of Fortress Europe.

As a part of the series on the 76th years of the World Bank and the IMF, we present readers with the World Bank’s dangerous interference in Indonesia and the ‘Theoretical lies of the World Bank’. Also find articles on South Africa, Corporate Debt, Greece, USA, Sri Lanka, Argentina, the Arab world, and neocolonialism.

And, a thought in memory of Denise Commane, a vibrant internationalist, feminist and revolutionary voice, who suffered a heart attack and died in Brussels on 28 May 2010 after attending a golden jubilee celebration of DR Congo’s independence. As a tribute, ten years after, to her rich and militant life, we present our readers with her last work on Patriarchy and Capitalism, completed only the day before.

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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