South
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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 (...) -
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 (...) -
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 (...) -
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 (...) -
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 11)
The World Bank and the Philippines
17 April 2020 - by Eric Toussaint
In 2020, the World Bank (WB) and the IMF are 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 (...) -
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 Collectif
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 (...) -
CSOs Call to International Creditors of Bangladesh
10 April 2020 - by Collectif
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, (...) -
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 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 (...) -
COVID-19 pandemic: Statement by the Southern African People’s Solidarity Network (SAPSN)
5 April 2020 - by Collectif
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 (...) -
Call of the indigenous peoples, afro-descendants and peoples’ organizations of Latin America
3 April 2020 - by CADTM, Collectif
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 (...) -
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 (...) -
Statement by the Regional Secretariat
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 (...) -
Press release
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. (...) -
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 (...) -
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 (...) -
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 (...) -
Chilean football, between repression and rebellion
10 March 2020 - by Jérôme Duval
Again, the history of football is closely linked to Chilean politics. Let’s go back in time. A few days after the September 11, 1973 coup d’etat against Salvador Allende, the Soviet Union refused to play against Chile in the Estadio nacional de (...) -
Lebanon is a severe case of subordinate financialization that must avoid the IMF
9 March 2020 - by Costas Lapavitsas, Jude Kadri
Costas Lapavitsas is an economist from Greece. He presently teaches Economics at the University of London and was elected as a member of the Greek Parliament for SYRIZA in January 2015. He left to form Popular Unity in August 2015, when SYRIZA (...) -
In Sri Lanka, Resistance to Private Indebtedness is a Strategic Issue
3 March 2020 - by Nathan Legrand
In Sri Lanka, the issue of private indebtedness — in particular in the form of microcredit — is a major problem that negatively affects borrowers and their families, but also society as a whole. The influence of microfinance in Sri Lanka is such (...) -
Debt in Times of Economic Crisis
2 March 2020 - by Ahilan Kadirgamar
Debt relief is now a call at all levels of state and society in Sri Lanka. The Prime Minister recently requested a three-year moratorium on debt repayments to India, the Government earlier announced a debt repayment moratorium of one year for (...) -
MONLAR: Micro credit sharks drove 200 poor borrowers to suicide during last three years
2 March 2020 - by Rathindra Kuruwita
About 200 people had committed suicide, during the last three years or so, as they were unable to pay back the micro-credit loans and many of those organisations had obtained the services of village thugs to recover money Chinthaka Rajapakshe, (...) -
IMF: Inhuman at the micro and macro levels
27 February 2020 - by Eric Toussaint
Hiruni, a fisherman’s wife, who has to manage her household (of five people) with an income of about 2.5 euros (= 500 Sri Lankan rupees) per day, is heavily indebted. In order to increase her household income, she borrowed 50,000 rupees (250 (...) -
Colombo declaration on illegitimate debt
27 February 2020 - by CADTM
We, the participants of the 8th CADTM South Asia meeting from Bangladesh, India, Pakistan, Sri Lanka, as well as from Morocco, Belgium and France assembled at Colombo, Sri Lanka from 18-19 February 2020 resolve to fight against illegitimate debt (...) -
Out of service: How public services and human rights are being threatened by the growing debt crisis
25 February 2020 - by Iolanda Fresnillo, Eurodad
Public services play a critical role in advancing human rights and fighting inequality. However, growing levels of external public debt, especially in the global south, threaten the very services on which citizens depend in order to have even a (...)
CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
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