South

Running to the now ‘reformed’ IMF would be a mistake

3 June 2020 - by Dominic Brown

Covid-19 creates an opportunity for the government to act boldly, which includes greater investment in social services and a much larger public sector Historically regarded as a villain that has obstructed the prosperity of “developing nations”, the International Monetary Fund (IMF) has taken (...)
A project against militarist Europe

2 June 2020 - by Nathan Legrand, ReCommons Europe

The role of militarism, arms trade and wars in Europe`s foreign policy This document is a longer version of the fourth of the five texts that form part of the publication entitled “The impact on the South of European financial policies and development cooperation strategies and possible (...)
Voluntary Termination of Debt

18 May 2020 - by Verónica Gago, Luci Cavallero

The feminist movement in Argentina, and across Latin America, has gained force and strength in recent years. That movement can be characterized not only by its massiveness in terms of the number of people on the streets, but also for how it has opened up debates and circulated concepts and (...)
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 (...)
President Macron never intended to cancel African debt

4 May 2020 - by Pauline Imbach

Had we been born yesterday, we would have been tempted to believe that the question of African debt was finally going to be taken seriously. Emmanuel Macron, wielding a magic wand, was about to cancel the continent’s debts, once and for all. Yet, like every bad magic trick, you could see how he (...)
Should South Africa Follow the Law of the Jungle – or the Doctrine of Odious Debt?

30 April 2020 - by Patrick Bond

South Africa’s fierce debates over the costs and benefits of a proposed International Monetary Fund (IMF) bail out of $4.2 billion unveil the country’s massive weaknesses and potential strengths, at a time food protests have moved from the slums of Cape Town to the Johannesburg Central Business (...)
Nepal needs Total Debt Cancellation to face the Covid-19 Crisis

23 April 2020 - by Praman Adhikari

The devastation caused by the coronavirus pandemic is a serious threat which has brought our civilisation and economies at the brink of collapse. The current crisis in every sector of our lives has revealed how weak our system is when it comes to fighting back and containing the spread of the (...)
Cancel the debt

23 April 2020 - by Mustafa Talpur

Last week, the G20 group of rich countries decided to postpone the debt payment that is due to be paid to G20 governments up to the end of 2020 for developing countries. This will help Pakistan free up some resources to tackle the pandemic. However, this is still not a matching response to (...)
Class Struggle, Environment and the Corona Virus Pandemic

22 April 2020 - by Kunal Chattopadhyay

The Corona virus threat has been declared a pandemic by the World Health Organisation. How not to respond to it from the left is easily seen, by apparently leftist posts circulating in social media (Facebook, WhatsApp, Twitter), which suddenly wake up to how many people die because of hunger, (...)
Franck Gaudichaud: “Look at Chile to understand the kind of world they want us to live in”

22 April 2020 - by Jérôme Duval, Franck Gaudichaud

Franck Gaudichaud* returned a few weeks ago from a stay in Chile and gave us an interview to talk about more than six months of social unrest that shook the country. The Chilean uprising began in October 2019 and spread like wildfire in the student movement after the Piñera government’s (...)
Covid-19 and debt in the global south: Protecting the most vulnerable in times of crisis III

20 April 2020 - by Daniel Munevar

This is the third part of a blog series covering the impact of Covid-19 on vulnerable countries in the global south. Part 1 analyses the impact of debt burdens on health services. Part 2 discusses how the economic crisis will affect countires in the global south. Part 3 highlights the degree of (...)
Covid-19 on a debt assault

17 April 2020 - by Eric Toussaint, Christophe Koessler

The Committee for the Abolition of Illegitimate Debt (CADTM) is of the opinion that the limited resources of the countries of the South should be devoted to fight the pandemic rather than reimbursing international creditors. The coronavirus crisis and its cascading economic consequences could (...)
The World Bank and the Philippines

17 April 2020 - by Eric Toussaint

In 2020, the World Bank (WB) and the IMF will be 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the interests of the world’s populations. The WB and (...)
SAAPE Call for Rapid Response from the South Asian Governments to Fight the COVID19 Crisis and to build unitedly long-term public health care for South Asians

12 April 2020 - by Collective

SAAPE is concerned about the great danger that COVID-19 pandemic poses in South Asia. The pandemic has already made the lives of the people miserable and woeful. The world is entering in a new phase of history. The pandemic has exposed the ugly face of the neoliberalism which has miserably (...)
CSOs Call to International Creditors of Bangladesh

10 April 2020 - by Collective

We the following Civil Society Organizations (CSOs) from all over the world, are calling on the World Bank (WB), International Monetary Fund (IMF), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and all bilateral, regional and multilateral development financiers of (...)
Into the Great Economic Abyss

7 April 2020 - by Ahilan Kadirgamar

Societies across the world are facing tremendous challenges. And on March 31, 2020, United Nations Secretary-General Antonio Guterres described the situation as follows: “We are facing a global health crisis unlike any in the 75-year history of the United Nations — one that is killing people, (...)
The African Continental Free Trade Area: What Kind of Pan-Africanism?

6 April 2020 - by Jean Nanga

In Kigali, Rwanda, on March 21, 2018, five years after the 50th anniversary of the creation of the Organisation of African Unity (OAU)/African Union (AU) – considered in the Newspeak of the AU as “fifty years of success” – 44 of the AU’s 55 member states signed the Agreement concerning the Creation (...)
COVID-19 pandemic: Statement by the Southern African People’s Solidarity Network (SAPSN)

5 April 2020 - by Collective

The COVID-19 pandemic poses a great danger to the SADC region. If the spread of the virus is not urgently arrested and is allowed to spread to high-density areas, slums, refugee camps and other centres of impoverishment, Southern Africa will face a health, economic and social disaster on a (...)
Call of the indigenous peoples, afro-descendants and peoples’ organizations of Latin America

3 April 2020 - by CADTM, Collective

We publish in English a Latin American and Caribbean appeal launched on 1 April 2020 by a large number of popular movements and political organizations. It calls for a radical response to the crisis linked to COVID-19. This call is supported by the CADTM of Latin America and the Caribbean (...)
COVID-19 and debt in the global south: Protecting the most vulnerable in times of crisis II

2 April 2020 - by Daniel Munevar

This is the second part of a blog series covering the impact of COVID-19 on vulnerable countries in the Global South. [Part 1] analyses the impact of debt burdens on health services. Part 2 discusses how the economic crisis will affect countires in the global south. Part 3 highlights the degree (...)
Coronavirus Pandemic in the Shadow of Capitalist Exploitation and Imperialist Domination of People and Nature

31 March 2020 - by Siyada

The Coronavirus pandemic is threatening to truly become a humanitarian disaster at a global scale. It coincides with and exacerbates a multifaceted global crisis: political, economic, social, environmental and climatic. In other words, we are currently experiencing a crisis of a patriarchal, (...)
Will Ecuador once again set an example of courage in the face of creditors?

24 March 2020 - by CADTM International

Will Ecuador once again set an example of courage in the face of creditors? On March 23, 2020, the National Assembly adopted by a majority vote a resolution calling for all State resources to be mobilized to combat the coronavirus pandemic. Consequently, the National Assembly calls on the (...)
COVID-19 and debt in the global south: Protecting the most vulnerable in times of crisis I

18 March 2020 - by Daniel Munevar

This is the first part of a blog series covering the impact of COVID-19 on vulnerable countries in the global south. Part 1 analyses the impact of debt burdens on health services. Part 2 discusses the channels different channels of economic transmission of the crisis. Part 3 highlights the (...)
Mozambique : Credit Suisse is liable for the $2 bn secret debt

17 March 2020 - by Joseph Hanlon

Strenuous efforts by donors and lenders over four decades turned Mozambique from a socialist success story into a neoliberal capitalist one. The private sector dominates; a domestic elite dependent on foreign companies has been created. But a secret $2.2 billion arms and fishing boat deal (...)
Subimperial BRICS enter the Bolsonaro-Putin-Modi-Xi-Ramaphosa Era

13 March 2020 - by Patrick Bond

Summary The concept of subimperialism has been explained by Ruy Mauro Marini and David Harvey using characteristics ranging across class structure, geopolitics and the displacement of overaccumulated capital, to which we add a vital component: select middle-income countries’ contributions to (...)

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Finance against people

North

Comité pour l'abolition des dettes illégitimes

South