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Ecuador: Brutal economic decisions (“paquetazo”)
11 October 2019 - by Diego Borja Cornejo
With a stubborn position that borders on political suicide, the government of Lenin Moreno, during the seventh day of massive and combative Popular Unemployment, has preferred to repress thousands of indigenous, students, settlers and workers (...) -
Series: Adverse International and Local Conditions for Sub-Saharan Africa (Part 1)
South African Special Economic Zones : History of Limited Successes
8 October 2019 - by Eric Toussaint, Patrick Bond, Ishmael Lesufi, Lisa Thompson
Given both short- and longer-term trends in the world and South African economies, there is a danger of government and society placing inordinate hopes in what are variously termed Export Processing Zones, Industrial Development Zones and (...) -
Trapped in a debt cycle
27 September 2019 - by Gihan D Chickera
The entrapment of rural communities, especially rural women, in a vicious debt cycle generated by thousands of unregulated microfinance organizations has reached epidemic proportions, affecting almost three million people island-wide. Once seen (...) -
South Africa: Cancel Eskom’s odious debt to the World Bank
3 September 2019 - by Jonathan Cannard
Despite significant and wide-ranging concern about the fate of Eskom, the World Bank has recently expressed its full confidence in the state-owned power utility’s ability to complete Medupi power station and ensure national electricity provision. (...) -
Southern Africa losing US$30 billion annually in trade-related illicit outflows, external government debt payments
2 September 2019 - by Sunit Bagree, ACTSA
According to a new report, The Money Drain: How Trade Misinvoicing and Unjust Debt Undermine Economic and Social Rights in Southern Africa, launched today by ACTSA on the eve of the SADC Summit in Dar es Salaam, rich countries may be accused of (...) -
The African Continental Free Trade Agreement: Loss of Sovereignty, Lack of Transparency
19 August 2019 - by Jonathan Cannard
The African Union’s Assembly of Heads of State and Government conceived of the African Continental Free Trade Agreement (AfCFTA) in 2012 with the goal of creating a Continental Free Trade Area by 2017. In March 2018 the majority of AU member (...) -
Nicaragua 1979-2019
18 July 2019 - by Eric Toussaint, Nathan Legrand
THE NICARAGUAN GOVERNMENT’S violent repression against demonstrators protesting its brutal neoliberal policies, resulting in more than 300 people being killed by regime forces since April 2018, is only one of the reasons why various leftist (...) -
Corporate debt: the catalyst for the next crisis in India?
30 June 2019 - by Sushovan Dhar
According to IHS Markit, a London based information provider, India is going to overtake the UK, its former colonial ruler, to become the world’s fifth largest economy this year and is projected to outdo Japan to feature at the second position in (...) -
Something’s got to give
14 June 2019 - by Amandla Editorial
The election of a new government should be a time of celebration. 25 years since the end of Apartheid should be the time of immense celebration. Yet, 25 years since the “dawn of democracy” and South Africans are engulfed by extreme forms of anger, (...) -
China’s Corporate Debt: On the Way to Crisis? Part 3
Challenges Posed by Recent Shifts in the Composition of Chinese debt
21 May 2019 - by Alice Jetin Duceux
As we have seen in the previous part of this study, despite the government’s spectacular stimulus plan, growth has been continually slowing over the past decade. Massive investment and growing corporate debt can no longer maintain a high rate of (...) -
South Africa: Resistance and Research for Alternatives to Illegitimate Debt and for Ecosocialism
3 May 2019 - by Eric Toussaint
Report on the CADTM International mission to South Africa 31 March – 12 April 2019, part 2. First part available here Wednesday 3 April: Cape town and Cape of Good Hope: highly visible social and racial segregation The fourth day was (...) -
South Africa: the odious debts generated by coal-fired power-stations
2 May 2019 - by Eric Toussaint
In South Africa, public debt has recently been back in the news through a nationwide debate over the future of Eskom, the public electricity company. Major power cuts affected the country’s social and economic life in February 2019, drawing (...) -
Kenya: caught between debt and political indifference
1 May 2019 - by Sushovan Dhar
I reached Kenya on my way back from South Africa on April 13, 2019. This visit was a follow up of the earlier initiatives including a training on debt audit held at Nairobi, Kenya from July 29-30, 2018 in collaboration with the Kenyan Social (...) -
From the BRICS countries to the townships: racial and social segregation continues
22 April 2019 - by Eric Toussaint
Over 25 years ago now the people of South Africa won the struggle to end the Apartheid regime. [1] Nevertheless, even though it is now against the law, de facto racial segregation is still apparent. Moreover the capitalist assault on the (...) -
Recent unrest reveals continuing revolutionary spirit in Haiti
16 April 2019 - by Abayomi Azikiwe
Mass demonstrations against imperialist hegemony have rocked the western hemisphere’s poorest nation of Haiti. During the month of February, hundreds of thousands of Haitians took to the streets to demonstrate in response to the horrific (...) -
Crisis deepens as global South debt payments increase by 85%
9 April 2019 - by Jubilee Debt Campaign
- External debt payments by developing country governments grew by 85%, as a proportion of government revenue, between 2010 and 2018 For the countries with the highest payments, in two-thirds public spending is falling The largest cuts were in (...) -
Structural violence and the struggle for state power in Rwanda
8 April 2019 - by Andy Storey
The 1994 Rwandan genocide occurred despite the existence of a peace and power sharing agreement (the Arusha Accords) to which all parties to the conflict had ostensibly subscribed. This paper addresses the failings of the Arusha peace and power (...) -
India and the Colonial Debt
4 April 2019 - by Sushovan Dhar
The English East India Company, as is well known, obtained, besides the political rule in India, the exclusive monopoly of the tea-trade, as well as of the Chinese trade in general, and of the transport of goods to and from Europe. But the (...) -
The US Supreme Court Judgment: A Challenge to World Bank’s unfettered immunity
31 March 2019 - by Sushovan Dhar
The verdict is finally out. On 27 February, in a historic 7-1 decision, the Supreme Court of the United States ruled that international organizations like the World Bank Group are not above immunity and can be sued in US courts. This was in (...) -
Mozambique needs urgent action on debt crisis following Cyclone Idai
22 March 2019 - by Jubilee Debt Campaign
Cyclone Idai has caused huge destruction and loss of life in Mozambique, Malawi and Zimbabwe. The true extent of the disaster is not yet known. Below are reactions from partner organisations of Jubilee Debt Campaign in Mozambique, followed by (...) -
What are the ways to get Zimbabwe out of the current situation?
11 March 2019 - by Japhet Moyo
Since independence, Zimbabwe’s economic prospects have become more and more like a washed out fabric: every wash, it loses a little more luster and, with the passage of time, threatens to be reduced to rags. After inheriting a healthy economy at (...) -
Mozambique files case against Credit Suisse in the UK
1 March 2019 - by Jubilee Debt Campaign
Jubilee Debt Campaign has learnt that the government of Mozambique, represented by the Attorney General, has filed a case in the UK High Court against Credit Suisse International. Commenting on the case, Tim Jones, policy officer at Jubilee (...) -
Budgeting for black-out in South Africa
27 February 2019 - by Patrick Bond
Upon taking power in a palace coup a year ago, Cyril Ramaphosa’s African National Congress (ANC) government was supposedly going to sweep out the prolific corruption. Last week’s [Budget Statement->http://www.treasury.gov.za/documents/national (...) -
Nicaragua: Open letter to Daniel Ortega to demand the end of repression and freedom for political prisoners
16 February 2019 - by Collectif de militants/tes de la solidarité en Belgique avec le peuple du Nicaragua
Mr. President, We are activists, former volunteers and leaders of associations and non-governmental organizations, all from different political and philosophical backgrounds. The earthquake of December the 23rd 1972 was for many of us the (...) -
25.01.2019
Brumadinho – International Articulation of People Affected by Vale statement
30 January 2019 - by International Articulation of People Affected by Vale
We have received the news of another tragedy instigated by Vale mining company with profound indignation. This afternoon (January 25, 2019) two tailings dams located in the Corrego de Feijao community, in Brumadinho, metropolitan region of Belo (...)
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