Committee for the Abolition of Illegitimate Debt

Support us

South Asia

Immediate cancellation of South Asian debts!

8 June 2020 - by CADTM, Collective

The coronavirus has unveiled the spectre of a larger crisis. A majority of the planetary economies were already in the throes of over-production, stagnation and even, a recession, which deepened with the day, since the sub-prime crisis of 2008-09. The pandemic has exacerbated the situation. The (...)
‘Sooner or later, there will be a new financial crisis’

18 April 2018 - by Eric Toussaint, Meera Srinivasan

Regulators, governments to blame, says Eric Toussaint of the Committee for the Abolition of Illegitimate Debt. The recent bubbles in the stock exchanges and financial markets foretell an imminent financial crisis that would likely be stronger and more dangerous than in the past, according to (...)
South Asia: New creditors and new forms of debt peonage

17 April 2018 - by Nathan Legrand

The seventh CADTM South Asia regional workshop was successfully held in Colombo (Sri Lanka) from April 6 to April 8, 2018, with participants from Sri Lanka, but also from India, Pakistan, Bangladesh, Nepal, as well as from Japan, France and Belgium (for the CADTM International Secretariat). (...)
Has Saarc failed?

25 November 2014 - by Sushovan Dhar

This region is termed ‘poor’ not because it lacks any potential – natural or human – but it has not been able to guarantee accountable democracy. In a few days from now, the 18th Saarc summit will be held in Kathmandu, Nepal. November 26-27 will witness the head of states arriving at this (...)
Groups worldwide urge debt-free Timor-Leste not to borrow Pending loans could endanger Timor’s future

8 September 2011 - Timor-Leste and international organizations today urged “the government of Timor-Leste to keep the nation debt-free and refrain from borrowing money from international lenders.... to protect its future generations.” The groups argue that “Rather than repeat the mistakes of (...)
The Second South Asian workshop on “International Financial Institutions (IFIs) and the Debt Crisis” calls demand IFIs to get out of the region.

4 May 2009 - by Sushovan Dhar

SOUTH ASIA – the region which is in a state of effective war for most of the last quarter-century has been currently, badly impacted by the global financial crisis. The blows have come at a time when it is already stumbling from the adverse effects of a severe terms-of-trade shock, the food (...)
Participants of South Asian Workshop call for a resistance to the anti-people policies of the World Bank, IMF, ADB and other IFIs

The debt campaigners and activists from South Asia including participants from Nepal, Pakistan, Bangladesh, Sri Lanka, Bhutan and India that have assembled at Katmandu for the “2nd South Asian workshop on International Financial Institutions (IFIs) and the Debt Crisis” have called for region wide (...)