South
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The CADTM network supports the bill relating to the audit of the public debt that has just been submitted to the Tunisian parliament
22 June 2016 - by CADTM International
On June 14th, a bill relating to the audit of the public debt was submitted to the Assembly of the Representatives of the People, the Tunisian parliament. This bill was co-signed by 73 MPs from all parliamentary groups except for the Islamist party Ennahdha. It aims at setting up a committee (...) -
How the South paid for the Northern crises and for its own subjugation
20 June 2016 - by Eric Toussaint
The debt crises in the periphery and the crises of the central capitalist countries are joint means to subordinate States to their creditors’ will. From Latin America to China, Greece, Tunisia, Egypt and the Ottoman Empire, the ruling classes have used debt as a weapon of domination and wealth (...) -
Campaigners in Mozambique call for non-payment of hidden debts
15 June 2016 - by Jubilee Debt Campaign
A group of 26 organisations in Mozambique have asserted that the $1.86 billion of the country’s debts at the centre of a growing international controversy were contracted illegally and should not be paid. The campaigners make the claim about three state backed debts owed by MAM ($535 million), (...) -
Hoping ’something will turn up’
13 June 2016 - by Joseph Hanlon
Mozambique, long touted as an African “success story”, is sinking under debt. International lenders and donors have been angered by revelations of at least $2.3 billion in secret loans taken in 2013-4. Inflation is rising and so is the cost of living. The government is clamping down on critics (...) -
Debt: how France appropriated Tunisia
13 June 2016 - by Eric Toussaint
Tunisia’s fate at the hands of France in the second half of the 19th century serves as a good example of debt used as an instrument of dominating and alienating a state’s sovereignty. In 1881, France conquered Tunisia and turned it into a protectorate. Until then, Tunisia, known as the Regency of (...) -
Debt as an instrument of the colonial conquest of Egypt
6 June 2016 - by Eric Toussaint
This article is dedicated to the memory of Youssef Darwish 1910-2006 (in Arabic: يوسف درويش), the Egyptian activist who relentlessly fought for justice and internationalism. Repeatedly jailed and tortured for his communist commitment and his crusade for human rights (he was a lawyer), he fought till his (...) -
Imperialism’s Junior Partners
27 May 2016 - by Patrick Bond
The response to the Brazilian coup shows that the BRICS powers are not a real alternative to US imperialism. On May 12, Brazil’s democratic government, led by the Workers’ Party (PT), was the victim of a coup. What will the other BRICS countries (Russia, India, China, and South Africa) do? (...) -
World March of Women Against the Coup in Brazil
19 May 2016 - by World March of Women
The entire world is currently watching the murder of democracy and justice in Brazil with rage and sadness. On 17th April the impeachment voting against Brazil’s President Dilma Rousseff was live broadcasted from the Parliament.. Using arguments such as the development, faith and family (...) -
Towards an integral framework for debt management: Lessons from Latin America to Europe (Part II)
8 May 2016 - by Daniel Munevar
The first part of this presentation dealt with the parallels between the Latin American debt crisis of the 1980’s and the current crisis in Europe. In this second part of the discussion I will attempt to develop a series of ideas on how to think of an integral framework for debt management in (...) -
South African capitalism’s cul de sac opens more paths leftwards
4 May 2016 - by Patrick Bond
The great sweeps of capital accumulation flowing above, through and away from South Africa are leaving business here more ravaged than at any other time in memory. That weakness, contrasting to prior periods in which capitalists had state elites firmly under their thumb during the ‘elite (...) -
How much is inequality increased by regressive taxation and government spending? (We don’t know, but let’s please ask.)
19 April 2016 - by Patrick Bond
‘You have to look at both the taxing and the spending sides of government policy – and, on that basis, South Africa can claim to have one of the world’s most redistributive public purses.’ This argument, made by Business Day associate editor Hilary Joffe (2015), draws on three 2014-15 World Bank (...) -
Poverty in Africa, the unvoiced failures of the World Bank
15 April 2016 - by Salaheddine Lemaizi
A recent report from the World Bank tells us that the number of Africans living in extreme poverty has considerably increased since 1990, rising from 280 million people living on less than $1.25 per day in 1990, to 330 million in 2012. For the standard-bearer of neoliberal ideology in the (...) -
The 1994 Rwandan Genocide - The Use of Rwanda’s External Debt (1990-1994)
7 April 2016 - by Michel Chossudovsky, Pierre Galand
Twenty-two years after the 1994 Genocide, the role of financial institutions has to be fully understood. Development aid and foreign loans were channelled towards financing the military and paramilitary. The donors turned a blind eye. This report examines the role of multilateral and bilateral (...) -
As global commodity super-cycle ends, Africans continue uprising against ‘Africa Rising’
5 April 2016 - by Patrick Bond
After the 2011 peak of the commodity super-cycle, it was simply illogical to proclaim that Africa was ‘rising’ given its economies’ dependence upon primary exports, and with most major mining houses’ value crashing on the world’s stock exchanges, not even corporate exploitation of Africa can (...) -
Towards an integral framework for debt management: Lessons from Latin America to Europe (Part I)
1 April 2016 - by Daniel Munevar
Part II A brief survey of the history of South America would reveal that one of the landmark spots of historical traditions is reserved, besides soccer and corruption, to debt crisis. As such the region has one or two words of wisdom it could give to countries undergoing this type of ordeal. (...) -
The Ouarzazate solar plant in Morocco: Triumphal ’Green’ capitalism and the privatization of nature
25 March 2016 - by Hamza Hamouchene
Despite the allure of the solar mega-project, the environmental/climate justice movement must question the Morocco’s propaganda and the emergent dominant global discourse around environmental governance to which it is linked. The urgent questions about this project include: Who owns what? Who (...) -
ATTAC Argentina rejects the free trade agenda carried along by Barack Obama in his visit to Argentina
23 March 2016 - by ATTAC/CADTM Argentina
Barack Obama will arrive to Argentina on the 23 of March. The aim of his visit is to economically and politically back up the administration of Mauricio Macri. The agenda of Obama in our country includes issues such as security, the war against terrorism, drug trafficking and the promotion of (...) -
2030 Agenda and the SDGs: indicator framework, monitoring and reporting
23 March 2016 - by Barbara Adams, Karen Judd
On 11 March 2016 the UN Statistical Commission agreed “as a practical starting point” with the proposed global indicator framework by which to measure progress towards the 17 goals and 169 targets of the 2030 Agenda for Sustainable Development. It recognized that the development of a robust and (...) -
For Indigenous Peoples, Megadams Are ‘Worse than Colonization’
16 March 2016 - by Philippa de Boissière , Sian Cowman
These mega-projects expropriate land, spoil environments, and pollute democracies. Berta Cáceres gave her life resisting them. Early in the morning of March 3, Berta Cáceres was assassinated as she slept. A world-renowned environmental activist, Berta had been a driving force in protecting (...) -
Video: The Ecuador debt audit, a seven minute summary
2 March 2016 - by Eric Toussaint, Hugo Arias Palacios, Aris Chatzistefanou
In seven minutes, Eric Toussaint and Hugo Arias, members of the Ecuadorian debt audit commission that sat in 2007 - 2008, summarise its ins and outs, and explain the success of the suspension of payments that Ecuador decided as a result of the commission’s report. If you want to know more (...) -
Franck Gaudichaud: “Reality can’t be radically transformed only through institutions”
26 February 2016 - by Franck Gaudichaud
Source Resumen Latinoamericano / The Dawn / February 7, 2016.- Interview with Franck Gaudichaud, researcher and teacher, editor of the book “Latin America. Liberation in progress”. By the end of 2015, researcher and teacher Franck Gaudichaud published in Chile the book “Latin America: Liberation (...) -
No bailout with taxpayer money
24 February 2016 - by Prasenjit Bose
Delinquent corporate borrowers and negligent bankers need no state support. Development Financial Institutions should be revived for industrial and infrastructure financing -
Debt bubbles “popping” in emerging economies
19 February 2016 - by Bretton Woods Project
Global economic instability has highlighted the vulnerability of developing countries to renewed economic turbulence and even the potential for new debt crises in developing countries, in particular Sub-Saharan Africa. During the summer of 2015 China’s stock market began to falter; in January (...) -
IMF to add China’s currency to SDR basket
19 February 2016 - by Bretton Woods Project
In late November, the IMF confirmed that China’s currency, the remnimbi or yuan, will be included in the IMF’s calculation (the ‘basket’) of the value of its international reserve asset, the Special Drawing Right (SDR), from October 2016. Created in 1969, the SDR is a form of internal asset used by (...) -
World Bank safeguards review: “human rights-free zone”
16 February 2016 - by Bretton Woods Project
As the third and final consultation phase on the second draft of the World Bank’s proposed new environmental and social framework (ESF), replacing the current safeguards, progresses, civil society organisations (CSOs), the UN and certain member states continue to demand that the Bank (...)
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CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
35 rue Fabry
4000 - Liège- Belgique
00324 226 62 85
info@cadtm.org
