Comité pour l'abolition des dettes illégitimes

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Paris Club (The)

This group of lender States was founded in 1956 and specializes in dealing with non-payment by developing countries.

UNCTAD calls for aid plan and hard tackles creditors

15 May 2020 - by Milan Rivié

The coronavirus pandemic has triggered a real economic crisis whose effects will be as severe as they are long-lasting, even more so in the countries of the South. In recent days, the international financial institutions’ announcements to cancel their public foreign debt have multiplied. The (...)
New discussion paper shows how IFIs and donors continue to influence economic policies in developing countries

12 October 2016 - by Tiago Stichelmans

Eleven years ago, the international community adopted the Paris Declaration on Aid Effectiveness that led to the adoption of several principles to improve the effectiveness of international aid. Reflecting on the widely criticised fact that creditors impose often harmful and inadequate (...)
Who has been lying : the CADTM or the Paris Club ?

4 June 2016 - by CADTM

On Thursday 2 June 2016, the Committee for the Abolition of Illegitimate Debt (CADTM) issued a press release entitled “The Paris Club will abolish the Greek debt and adopt official statutes” in order to comment a fake press release by the Paris Club that announced two decisions and to spotlight a (...)
The Paris Club will abolish the Greek debt and adopt official statutes

2 June 2016 - by CADTM

The representatives of the Paris Club met on 27 May 2016 and having consulted the United Nations Independent Expert report on the effects of external debt on the practice of human rights, have decided to abolish the the debt of its biggest debtor: Greece. For the Paris club creditors this (...)
Video: Cephas Lumina: “The Paris Club has no legitimacy”

17 March 2016 - by Cephas Lumina

Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos Chountis, Vice-minister of the first Tsipras government (...)
Global Famine

1 June 2008 - by Michel Chossudovsky

Humanity is undergoing in the post-Cold War era an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the World population. National economies are collapsing, unemployment is rampant. Local level famines have erupted in Sub-Saharan Africa, (...)
You, Argentina, 5 years on...

30 December 2006 - by Eric Toussaint, Damien Millet

Argentina, you have been much talked about since the night of 19 to 20 December 2001 when after three years of economic recession your people went down into the streets to shout their rejection of the neoliberal policies led by Fernando De la Rua and his sinister minister of the Economy, (...)
At 50, is the Paris Club a colonial relic ?

3 July 2006 - by Emad Mekay

In a recent statement on the 50th anniversary of the Paris Club, a powerful creditors’ cartel based in France, anti-debt groups described the club’s policies toward borrowing nations as “medieval”. But some say the word “colonial” is equally fitting. Made up of 19 of the world’s richest nations, (...)
Committee for the Abolition of Third World Debt calls for the end of the Paris Club

15 May 2006 - by CADTM France

Paris, AFP (France Press Agency) - In a communiqué Monday, the Committee for the Abolition of Third World Debt (CADTM) called for the “absolute suppression” of the Paris Club, a “true institutional anomaly” that celebrates its fiftieth birthday on Tuesday, “to finally achieve a total cancellation of (...)
What is the Paris Club ?

23 May 2005 - by CADTM

After the Argentine President Juan Domingo Peron was overthrown by a military coup in 1955, the new regime was eager to re-establish the good-will of the creditors. They quickly requested membership to the IMF and the World Bank. This meant regularising their debt situation and meeting with (...)
Tsunami: « Paris Club is not generous »

18 January 2005 - by Vincent Slits

Eric Toussaint thinks that the moratorium is far from sufficient and will have negative effects. For the president of the Committee for the Cancellation of the Third World Debt Eric Toussaint, the decision taken by Paris Club creditor countries towards the economies affected by the tsunami is (...)