South
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The CADTM condemns the nomination of Ajay Banga as the future President of the World Bank and calls for the replacement of this institution
1 March 2023 - by CADTM International
A few days after the resignation of David Malpass, who remains President of the World Bank until 30 June 2023, Joe Biden announced the appointment of his successor, Ajay Banga. Like his predecessors, the future head of the World Bank is an (...) -
Haiti, which questions ?
27 February 2023 - by Mireille Fanon-Mendès France, Boubacar Boris Diop
For many years, Haiti has been destabilized by a political crisis, to which must be added the humanitarian, socio-economic and security crises, to the point that the current Prime Minister, Ariel Henry, appointed two days before the (...) -
From Lebanon to Sri Lanka through Latin America and Egypt: Public debt today and in the history of capitalism
26 February 2023 - by Eric Toussaint, Anis Germany
The present interview with Éric Toussaint aims at constructing a common position about debts and their payment. It also helps to understand the part played by debt and its mechanisms in the extraction of resources of the South by the North at an (...) -
The resignation of David Malpass, President of the Wolrd Bank, must boost actions and mobilizations towards the replacement / the demise of both the WB and the IMF in a context of acute climate and environmental crisis
18 February 2023 - by CADTM International
David Malpass, President of the World Bank since April 2019, has announced his resignation on or before 30 June 2023. In the context of a major ecological and climatic crisis, which threatens all living beings on the planet - mainly in the (...) -
The World Bank and IMF have set their sights on East Timor, a state officially born in May 2002
11 January 2023 - by Eric Toussaint
East Timor, located 500 km from the coast of Australia, won independence in May of 2002 after several decades of struggle. In 2003, when I went there at the request of the Timorese authorities, the country had a population of a little over (...) -
Ghana’s default, letter on Sri Lanka calling for debt cancellation and Pakistan doubly victimized
11 January 2023 - by Iolanda Fresnillo
Ghana suspended payments on most of their external debts on december 19th, a week after reaching an agreement with theIMF for a US$3bn loan. Ghana has, according to Reuters, reached out to the Paris Club for an “expedited” Common Framework debt (...) -
South Asia Report : Plight of tea plantation workers and smallholder famers
12 December 2022 - by Sushovan Dhar, SAAPE, Sudhir Shrestha, Sivagnanam Prabaharan
Four countries in South Asia – India, Sri Lanka, Nepal, and Bangladesh – are among the top tea producers in the world and have strong growth prospects. The tea sector has provided direct and indirect employment to millions of workers and farmers (...) -
Debt Status in Nepal
9 December 2022 - by Sudhir Shrestha
CADTM delegate at the 9th CADTM South Asia meeting in Colombo, Sri Lanka (2nd to 4th of december 2022), Sudhir Shrestha detailed the situation of Nepal’s external public debt. In this country of nearly 30 million people, 34% of the budget is (...) -
The debt scenario in India
9 December 2022 - by Sushovan Dhar
Sushovan Dhar, CADTM delegate at the 9th CADTM South Asia meeting in Colombo, Sri Lanka (2-4 December 2022), spoke on 2 December at the conference on South Asian private debt, financial institutions and the role of social movements. Read : (...) -
History RePPPeated II : Why Public-Private Partnerships are not the solution
5 December 2022 - by Collective, Eurodad, Afrodad, Latindadd, ODG (Observatorio de la Deuda en la Globalización)
As CADTM, we publish this report but our demands on the issue are more radical: we call for an end to all forms of privatisation and to all public-private partnerships. In 2018, our report History RePPPeated – How Public-Private Partnerships (...) -
The doctrine of Odious Debt in the context of Africa today
9 November 2022 - by Eric Toussaint
In this slide show presented in Dakar on 26 October 2022 at the 2nd Conference on Economic and Monetary Sovereignty of Africa, Eric Toussaint begins by recalling the definition of odious debt according to the doctrine developed by Alexander (...) -
The World Bank, Geopolitics and Mal-Development
11 October 2022 - by Eric Toussaint, Renaud Duterme
Éric Toussaint is a tireless militant and spokesperson for the CADTM (Committee for the Abolition of Illegitimate Debt). His extensively documented indictment of the World Bank will be published by Pluto Press in 2023. He condemns an institution (...) -
IMF Deal: Cry, My Beloved Zambia
8 September 2022 - by Grieve Chelwa
The International Monetary Fund (IMF) yesterday published the conditions attached to the newly agreed programme with the Zambian government. The conditions are incredible, unbelievable, heartless and basically make for very sad reading. They are (...) -
Emerging-market finance, neoliberal ideology and durable malgovernance at the BRICS New Development Bank
The BRICS spall, fall and (try to) reconstitute
11 July 2022 - by Patrick Bond
ABSTRACT: World financial relations were shaken up in early 2022 with Russia’s invasion of Ukraine, and one window through which light was shed on evolving geopolitics was the shifting power relations within the Brazil-Russia-India-China-South (...) -
Press release: Blaise Compaoré must be arrested if he returns to Burkina
7 July 2022 - by Réseau International « Justice pour Sankara justice pour l’Afrique »
https://www.thomassankara.net/communique-de-presse-blaise-compaore-etre-arrete-sil-rentre-burkina/?lang=en The information reached us during the night of 5 to 6 July. Blaise Compaoré is said to be about to visit Burkina Faso in order to engage (...) -
Eric Toussaint: “The IMF agreement with Argentina is perversely sophisticated”
15 June 2022 - by Eric Toussaint, Martín Mosquera
This interview was done by Martín Mosquera for the Latin-American magazine Jacobinlat. Martín Mosquera (Jacobinlat): Concerning Argentina’s agreement with the IMF, there are two ideas presented by the national government that need to be examined: (...) -
The financialisation of malaria in Africa: Burkina Faso
9 June 2022 - by African Centre for Biodiversity (ACB)
The financialisation of malaria in Africa: Burkina Faso, rogue capital & GM /gene drive mosquitoes This paper seeks to understand the financialisation of malaria as a vehicle for rogue capital in a context of a weakened state (through (...) -
Mexico: Success for the CADTM international network
28 May 2022 - by CADTM
The CADTM activities from 26 April to 16 May 2022 in Mexico have been fully successful. Over one thousand people participated in person in a dozen of public activities involving talks by CADTM international delegates. Those activities took place (...) -
Mexico: Payment of external debt must be suspended
25 May 2022 - by Benito Mirón Lince
Invited by the national Promotora for the cancellation of public debt, delegates from the international network of the Committee for the cancellation of illegitimate debts (CADTM), coming from Puerto Rico, Columbia, Uruguay and Argentina came to (...) -
Pakistan : Regime Change, Political Turmoil and Deepening Debt Crisis
3 May 2022 - by Abdul Khaliq
Pakistan has plunged into a major political crisis after the removal of Prime Minister Imran Khan on 10 April 22, through a successful no-confidence motion against the PTI govt. The month-long political crisis began on 8 March when the country’s (...) -
The Argentinian (2001) and Sri Lankan (2022) Financial Crises: Ways Forward from a Feminist Perspective
27 April 2022 - by Corina Rodriguez
In response to Sri Lanka’s ongoing economic crisis, and the consensus across the political spectrum and even social classes that an International Monetary Fund (IMF) bail-out and structural adjustment programme is the only short-to-medium term (...) -
Why should Ukraine’s debt be cancelled?
21 April 2022 - by Eric Toussaint, Sushovan Dhar
Sushovan Dhar: How much is the Ukrainian public debt and who are the main creditors? Eric Toussaint: Ukraine’s external debt, public and private, is about $130 billion, half of this debt is owed by the government, and the other half by the (...) -
Sri Lanka: No agreement with the IMF!
15 April 2022 - by Eric Toussaint, Sushovan Dhar
A Sri Lankan delegation will travel to Washington next week to try to secure up to $4 billion from the International Monetary Fund and other lenders to help the island nation pay for food and fuel imports as well as stem defaults on its debt. (...) -
Conclusion of Sankara and Companions Case : A Salutary Trial. But the demands for truth continue
9 April 2022 - by Réseau International « Justice pour Sankara justice pour l’Afrique »
A historic trial has been concluded. It is with great satisfaction that we learn of the life sentences given to Blaise Compaoré, Gilbert Diendéré and Hyancinthe Kafando. Such an outcome was never sure. But if the essence of the national conspiracy (...) -
Argentine civil society denounces new IMF agreement as illegitimate
9 April 2022 - by Bretton Woods Project
As reported by Al Jazeera, the Argentine Senate voted on 18 March to proceed with a 30-month Extended Fund Facility (EFF) arrangement of $45 billion or 1000 per cent of the country’s quota. The programme was agreed upon days ahead of a payment of (...)
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