September 25 to 30, La Havana

Resistance & Alternatives to Debt Domination

dossier

13 September 2005


Five years after the first South-North dialogue (for debt cancellation) that took place in december 2000 on the initiative of Jubilee South and CADTM, the second big meeting of the debt campaigns will take place in La Havana from September 28th to September 30th. The preparation for this world meeting began on the Fifth World Social Forum in Porto Alegre in January 2005. The meeting’s objective is about launching a new international campaign on debt.

— [eng] CADTM’s contribution to preparing the Havana meeting
During the 5th World Social Forum in Porto Alegre in January 2005 we, the various movements and networks who work internationally on the debt, met three times and held some very fruitful discussions. The present situation means it is especially important that all activists and networks without exclusion who are working towards debt cancellation in “developing countries” and to end structural adjustment Structural Adjustment Economic policies imposed by the IMF in exchange of new loans or the rescheduling of old loans.

Structural Adjustments policies were enforced in the early 1980 to qualify countries for new loans or for debt rescheduling by the IMF and the World Bank. The requested kind of adjustment aims at ensuring that the country can again service its external debt. Structural adjustment usually combines the following elements : devaluation of the national currency (in order to bring down the prices of exported goods and attract strong currencies), rise in interest rates (in order to attract international capital), reduction of public expenditure (’streamlining’ of public services staff, reduction of budgets devoted to education and the health sector, etc.), massive privatisations, reduction of public subsidies to some companies or products, freezing of salaries (to avoid inflation as a consequence of deflation). These SAPs have not only substantially contributed to higher and higher levels of indebtedness in the affected countries ; they have simultaneously led to higher prices (because of a high VAT rate and of the free market prices) and to a dramatic fall in the income of local populations (as a consequence of rising unemployment and of the dismantling of public services, among other factors).

IMF : http://www.worldbank.org/
policies, be engaged in discussion together. During these debates we must try to launch a new joint worldwide campaign on the question of the debt.
The meeting in Havana, which will take place from 28 to 30 September 2005, is an important chance which we must use constructively... <READ>

— [eng] Resistance & Alternatives to debt domination: Second South-South Summit and South-North Consultation - La Havana 2005
The first South-South Summit, which gave birth to JUBILEE SOUTH, was held in 1999 in the city of Johannesburg, South Africa. Since then, many advances have been made in the building of a movement rooted in the South that fights against debt domination and for the promotion of lasting alternatives of economic, social, and ecological justice. his Second SOUTH-SOUTH SUMMIT will be the occasion for reviewing our platform and moving forward with the design of our program and plans of action, on the basis of the new developments which have taken place globally and which affect us dirctly in this region... <READ>

— [eng] Call for a South-North Consultation: Resistances and Alternatives to Debt Domination
Twenty years have passed since the holding, in Havana, of a series of multisectoral conferences aimed at dealing with the external debt problems in Latin America and the Caribbean. Those gatherings helped to generate greater global consciousness about the real nature of the problem as well as to strengthen the struggle against the payment of a debt that enslaves. Fidel Castro echoed what had been expressed by the enormous diversity of participants, when he declared that the debt of the countries of the South of the world is unpayable not only mathematically and financially but also morally and politically... <READ>

— [eng] Jubilee South Declaration - Second Global Assembly in Havana, Cuba
With the presence of representatives from 39 countries, Jubilee South held its Second Global Assembly in Havana, Cuba, from September 25 to 28, 2005.<READ>

— [fr] Réunion Sud-Nord à La Havane: nouvelles perspectives contre la dette (Claude Quemar)
Du 28 au 30 septembre derniers s’est tenue à La Havane, Cuba, la rencontre Sud-Nord sur les résistances et les alternatives à la dette. Cette rencontre a été initiée par le réseau Jubilé Sud qui venait de tenir, au même endroit, son assemblée générale les jours précédents. Les principales campagnes, les principaux réseaux du monde entier se sont donc rencontrés pour la seconde fois, la première rencontre ayant eu lieu à Dakar en décembre 2000. Echos. <READ>

— [es] Encuentro Sur-Norte de Resistencia y Alternativas ante la deuda Externa (Osvaldo Martínez)
La deuda externa es el gran tema que muchas veces se omite. Apenas una vaga formulación sin compromisos concretos en las Metas del Milenio, nada en el ALCA o en los TLC bilaterales. Una mezquina Iniciativa para países pobres altamente endeudados o una más mezquina condonación reciente, condicionada a obedecer la disciplina neoliberal, que no alcanza ni el 10% de la deuda africana.<READ>

— [en] Debt: New challenges
Eric Toussaint’s Contribution to the International conference « Resistances and Alternatives to the domination of the Debt. <READ>

— [esp] La deuda externa, veinte años después (Atilio Boron)
Hace exactamente veinte años, y nadando a contracorriente del saber convencional de los economistas y políticos “responsables” y “sensatos” de la época, el Presidente Fidel Castro Ruz ofrecía en su discurso un detallado y riguroso análisis del capitalismo latinoamericano y la dinámica estructural que lo condujo a la crisis de la deuda, estallada en 1982. Su alocución pronosticaba, con una lógica impecable, que a menos que los gobiernos actuaran conjuntamente y atacaran el problema en sus causas de fondo, la deuda externa del Tercer Mundo se convertiría en una hipoteca histórica impagable e incobrable. <READ>



Translation(s)

CADTM

COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT

35 rue Fabry
4000 - Liège- Belgique

00324 226 62 85
info@cadtm.org

cadtm.org