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Resisting the shock doctrine

15 July 2023 - by Eric Toussaint, Sushovan Dhar, Yuliya Yurchenko

Ashley Smith chairs an event with Yuliya Yurchenko, Eric Toussaint, and Sushovan Dhar on the global movement against neoliberalism, debt, and the struggle in Ukraine. In this discussion, Yuliya Yurchenko, Eric Toussaint, and Sushovan Dhar (...)
Real Peace in Ukraine Means Ending Russian Invasion and US-EU Neocolonial Debt

1 July 2023 - by Blanca Missé

CADTM is very happy to republish the article Real Peace in Ukraine Means Ending Russian Invasion and US-EU Neocolonial Debt, organised by Haymarket Books, Yuliya Yurchenko, author of Ukraine and the Empire of Capital (2018), explained the (...)
Reconstructing Ukraine

26 June 2023 - by Michael Roberts

The 2023 Ukraine Recovery Conference (URC23) ended in London last Friday. It was a continuation of the cycle of meetings beginning in 2017. The London URC aimed to build on the commitments agreed last year at Lugano, and the work of the (...)
Ukraine: Resisting creditors

23 May 2023 - by Eric Toussaint, Sushovan Dhar

Sushovan Dhar: What can be said about Ukraine’s debt 15 months after Russia invaded its territory? Éric Toussaint: I must first of all insist that Russia’s invasion of Ukraine is an unjustifiable and morally unacceptable act of aggression. Faced (...)
Resisting the Shock Doctrine: Ukraine, Debt, and Reconstruction

12 May 2023 - by Eric Toussaint, Sushovan Dhar, Ashley Smith, Yuliya Yurchenko

A discussion of Ukrainians’ struggle to cancel their country’s debt as part of the global movement against neoliberalism. In the midst of Russia’s imperialist war, Ukraine’s left, unions, and popular movements have struggled to cancel their (...)
Russia-Ukraine: one year of war – the economics

26 February 2023 - by Michael Roberts

It’s just a year since the Russian invasion of Ukraine. I am not going to discuss the politics of this war in this post. There are plenty of sources for debate on this. Instead, I want to look at the economic consequences of the war for both (...)
Éric Toussaint interviewed by Dora Villanueva (La Jornada – Mexico)

Large-scale speculators increase their profits in the grain market

4 May 2022 - by Eric Toussaint, Dora Villanueva

Éric Toussaint, the spokesperson for the international network of the Committee for the abolition of illegitimate debts (Cadtm), explains that international private investment funds have already benefited from a problem that will not remain mere (...)
Why should Ukraine’s debt be cancelled?

21 April 2022 - by Eric Toussaint, Sushovan Dhar

Sushovan Dhar: How much is the Ukrainian public debt and who are the main creditors? Eric Toussaint: Ukraine’s external debt, public and private, is about $130 billion, half of this debt is owed by the government, and the other half by the (...)
The challenges of the odious debt doctrine in Ukraine

3 April 2022 - by Mats Lucia Bayer

While the Russian invasion of Ukraine continues, the latter contains to languish in a deep debt trap. This has serious consequences for the Ukrainian working people, attacked continuously - socially, politically and economically. We reproduce (...)
Ukraine-Russia: like an earthquake

21 March 2022 - by Michael Roberts

“The war in Ukraine is like a powerful earthquake that will have ripple effects throughout the global economy, especially in poor countries”. That’s how IMF chief Kristalina Georgieva described the impact of the war on the world economy. Nobody (...)
People around the world demand IMF to cancel Ukraine’s unjust debt

3 March 2022 - by VIktoriia Pihul

The CADTM publishes this petition which emanates from citizens of Ukraine and which rightly asks for the cancellation of the Ukrainian debt. Correctly the initiators of this petition state that the “Chaotic borrowing and antisocial debt (...)
Ukraine: Between a rock and IMF conditionality

16 October 2018 - by Bretton Woods Project

Alarm bells ring about Ukraine’s ability to meet IMF conditionality UN expert criticises IMF anti-corruption privatisation push In September, IMF staff visited Ukraine to discuss the next tranche of its $17.5 billion loan programme, first (...)
IMF Ukraine programme’s impact on women’s rights criticised at Human Rights Council

SUMMARY * WILPF submitted statement to HRC criticising IMF Ukraine programme * Statement argued programme’s harsh conditionalities hurt women * Called for human rights based approach to macro policy making In May the Geneva-based Women’s (...)
IMF rule-change sustains lending to Ukraine

11 February 2016 - by Bretton Woods Project

IMF changes rule on lending to states in arrears to official creditors - Russia to file court proceedings over $3 billion Ukraine debt - Ukraine parliament approves 2016 national budget and tax reforms In late 2015, the IMF’s $17.5 billion loan (...)
IMF Interference Plunges Ukraine into Recession

12 December 2015 - by Jérôme Duval

It hardly matters if the IMF’s policies, disseminated all over the planet, result in social chaos as they have in Greece and elsewhere since their only objective is actually to reinforce capital at the expense of common goods and public services. (...)
IMF in Ukraine: shock therapy in times of armed conflict

11 December 2015 - by Tiago Stichelmans

Last week, the IMF announced that the disbursement of the third tranche, or portion, of the IMF programme in Ukraine was dependent on the adoption by Ukrainian authorities of the 2016 budget and a tax reform agreed as part of the IMF bailout. (...)
Ukraine in the Oligarchs’ Grip

5 December 2015 - by Jérôme Duval

In a country marked by extreme paradoxes, changes happen quickly. Beyond its being an arresting symbol, when we see a statue of Lenin being pulled down in Odessa under “de-Sovietisation” laws only to be replaced by another statue... of the (...)
Video: Eric Toussaint on Debt dependency of the third world countries as a mean of control over their development and resource

4 December 2015 - by Eric Toussaint

Eric Toussaint described how the debt bondage leads different countries to underdevelopment. He cited examples of the opposite policies as well: success stories of states that defied recommendations imposed by the IMF and the World Bank. After a (...)
Recipes of curbing the crisis

23 November 2015 - by Vitalyï Doudine, Denis Pilach

On the day of October Revolution, November 7, left-wing academics and activists in Kyiv proved their ability to carry out socially critical activities of international level. The renowned Kyiv Polytechnic Institute (KPI) has hosted researchers (...)
History of Ukrainian Debt Dependence Formation

9 November 2015 - by Center for Social and Labour Research

In 1999 Ukrainian government debt exceed critically level of 60% of Gross Domestic Product (GDP) : $15.3 Bn. In 2002 ,Ukraine refused credits from IMF. From the end of 2004 cooperation with international finance institutions was limited by (...)
Campaigners call for UK government to enforce Ukraine debt deal

28 August 2015 - by Jubilee Debt Campaign

Ukraine has reached an in principal agreement with some of its bondholders to reduce the amount of debt owed by 20%, and suspend payments for four years. The deal will be voted on in mid-September. Even if a large majority agree to the deal, (...)
New food for the vultures? Lack of state insolvency regime undermines Ukraine debt deal

27 August 2015 - by Bodo Ellmers

Ukraine has reached a debt restructuring agreement with a creditor committee representing 50% of outstanding government bonds. Substantial debt reduction is essential to bring Ukraine’s debt levels down to sustainable levels. But the agreed deal (...)
History of accumulation of the Ukrainian sovereign debt, defaults and its effects on the economic development of the country

9 July 2015 - by Zakhar Popovych

1992 the National Bank of Ukraine began to issue loans and state guarantees for foreign loans to Ukrainian state-owned enterprises. Because of the absence of any transparent mechanism and arbitrariness of the assessing of credit projects it (...)
The EU’s response to Tunisia and Ukraine: what help for what democracy?

14 April 2014 - by Renaud Vivien

On 16 April 2014 the EP will have the opportunity to change the EC’s loan project which is supposedly to help Tunisia overcome its increasing social and economic problems. MEPs should not miss this opportunity, especially since they did not have (...)
Actors and revendications in the Ukrainian protests

24 March 2014 - by Szymon Martys

At 21 November 2013 when president of Ukraine Viktor Yanukovych did not sign the association agreement with the European Union in Kiev and several other cities popular protests began. They soon gained the title Euromaidan. Initially, (...)