Third World Debt

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Third World Debt

What is the Paris Club ?

23 May 2005 - by CADTM

After the Argentine President Juan Domingo Peron was overthrown by a military coup in 1955, the new regime was eager to re-establish the good-will of the creditors. They quickly requested membership to the IMF and the World Bank. This meant (...)
Immediate and unconditional debt cancellation for tsunami-affected countries and all South peoples!

4 April 2005 - by Freedom from Debt Coalition

Press Statement On the occasion of the 112th Inter-Parliamentary Union (IPU) Assembly, the Freedom from Debt Coalition (FDC) and the Jubilee South call on all delegates, their parliaments and governments to seriously take into account the (...)
All talk and no action - the G7 has no intention of cancelling the debt

7 February 2005 - by Eric Toussaint, Damien Millet

The failure that has marked the end of the summit of G7 finance ministers on 4th and 5th of February had to be covered up with empty declarations. The final communiqué is just another step in a direction that has already shown itself to be far (...)
Disaster donations may well end up servicing the Third World Debt!

10 January 2005 - by Eric Toussaint, Damien Millet

Ever since the earthquake that struck off the coast of Indonesia on 26th December there has been a profusion of figures in the headlines, increasing remorselessly: the number of victims, the cost of the damage, the amount of international aid. (...)
Freedom from Debt Coalition and Jubilee South Statement

In the face of Debt and Disaster: Long-lasting Relief for the Peoples of the South!

10 January 2005 - by Jubilee South

We express our deepest sympathy and solidarity for the peoples of Sri Lanka, India, Indonesia, Thailand, Malaysia and many other South countries who are currently suffering from the devastation unleashed by the tsunami last December 26. We (...)
“TSUNAMI” tragedy: the point of view of an Indian social organization

10 January 2005 - by Vikas Adhyayan Kendra

Vikas Adhyayan Kendra (India), member of CADTM international network, is keen in joining the campaign for the Cancellation of all Public External Debt of those countries affected by the Tsunami Earthquake. As the dates go by there is a growing (...)
International Demand for Debt Relief for Tsunami effected Countries

10 January 2005 - by Jubilee Scotland

Scottish Debt Campaign will push Brown to Write off debts of Countries effected by Tsunami Disaster. Britain, with United States backing, called on Tuesday for a freeze on foreign debts owed by the countries hit by the Asian tsunami disaster. (...)
Coffee and State Authority in Columbia

5 January 2004 - by Josh Frank

The debt has forced the country to expand production of exports to generate hard currency. This macro-expansion has contributed to the overproduction of coffee beans. The impact has been great, as export revenues for multinational corporations (...)
The World Bank and the Third World Debt Crisis in historical Perspective

14 March 2002 - by Eric Toussaint

From the early ’seventies, McNamara saw the speed of growth of Third World indebtedness as a problem. He declared: “By the end of 1972, the debt totalled 75 billion dollars and annual servicing was more than seven billion dollars. Debt servicing (...)
Perspectives

About the Campaign for the cancellation of the Third World debt

13 March 2002 - by Arnaud Zacharie, Eric Toussaint

The international campaign for the cancellation of the Third World debt is now a central concern of the movement for an alternative globalisation.