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24 February 2016

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CADTM - Newsletter en English
13 april 2017

The CADTM South Asia workshop was held at Dhaka from March 3-4, 2017. This international meeting gathered activists, journalists and other participants from Bangladesh, India, Nepal and Japan to actively resist public and private debts such as micro-credit, and IFI-funded projects that destroy the environment and the lives & livelihood of the populations. Activists and organisers from Belgium & France were also present and took part. The meeting assumed immense significance in the backdrop of high private and sovereign indebtedness, large numbers of suicides by agricultural smallholders, IFI sponsored neo-liberal destruction, devastation & destitution all across the region. The meeting resolved to undertake collective efforts against debt and micro-credit. We are glad to present a detailed report of the workshop.

The BRICS New Development Bank (NDB) met at New Delhi, India from 31 March to 2 April with a degree of fanfare unmatched by its accomplishments. Patrick Bond comments on the NDB's broken promises on environmentally sustainable developments.

An article by Abdul Khaliq raises pertinent questions about the China-Pakistan Economic Corridor (CPEC), a mega business proposition with huge Chinese investments spread over 15 years with a total outlay of up to $46 billion. This project would bring Pakistan under the total domination of Chinese and global capital.

Eric Toussaint traces Mexico’s bright historical chapters when the country - the only former colony – between the 19th & early 20th century, won decisive victories over its creditors through its own determination. This experience, little known in mainstream historiography, is unique and deserves to be more widely studied. Progressive movements across the globe would learn much.

In another concise article he summarises the causes of the financial crisis that has unfolded over the last ten years (2007-2017). Also find articles about Sweden’s Bank Resolution Fund, Africa’s new debts and news of struggle and hope from all around the world.
  • Concerted efforts in South Asia against debt and microcredit
    Renaud Vivien, Nathan Legrand, Sushovan Dhar
    CADTM South Asia held a Workshop in Dhaka, Bangladesh from 3-4 March 2017. This international (...)
  • Debt in the History
  • Mexico proved that debt can be repudiated
    Eric Toussaint
    Mexico is the only former colony which, in the 19th and the first half of the 20th century, won (...)
  • Bangladesh - Private debt
  • Bangladesh: Harsh effects of the Grameen Bank and other microcredit institutions on the rural population
    Abul Kalam Azad, Nathan Legrand, Eric Toussaint, Sushovan Dhar
    Abul Kalam Azad works with Action Aid in Dhaka, Bangladesh and is also a member of the CADTM. (...)
  • Pakistan
  • Pakistan: CPEC - A “game-changer” or another “East India Company”?
    Abdul Khaliq
    China-Pakistan Economic Corridor (CPEC) is a big business proposition with huge Chinese (...)
  • Banks
  • 2007-2017: Causes of a Ten-Year Financial Crisis
    Eric Toussaint
    The first institutions specializing in mortgage loans started to default in the US in (...)
  • The battle over Sweden’s Bank Resolution Fund
    Daniel Munevar
    Over the last few weeks a public battle has erupted between the Swedish government and the (...)
  • A Review of Bankocracy
    Collin G. Matton
    Financial experts, political pundits, the popular press, and even Hollywood directors have (...)
  • The colossus with the feet of clay that was Monte dei Paschi di Siena
    Chiara Filoni
    A little over a year after the bail-in |1| of four small banks in central Italy, the country’s (...)
  • Social movements
  • Chilean copper miners on indefinite strike against BHP
    Franck Gaudichaud
    About 2500 workers have been on strike since February 9 at the Escondida mine in Chile’s north. (...)
  • For a free and sovereign Haiti
    Hundreds of popular organizations, networks and movements of Latin America and the Caribbean (...)
  • Puerto Rico - United States of America (USA)
  • The Debts of the American Empire — Real and Imagined
    Max Haiven, Cassie Thornton
    From Chicago to Puerto Rico to San Francisco, debt is a terrain of struggle within and against (...)
  • Africa - Debt crisis
  • Africa’s New Debts
    Mozambique is the first major African nation in recent times to become unable to meet (...)
  • Global South debt payments increase almost 50% in two years
    Jubilee Debt Campaign
    Government external debt payments reach highest level in the last decade following commodity (...)
  • How years of IMF prescriptions have hurt West African health systems
    Thomas Stubbs, Alexander E. Kentikelenis
    The International Monetary Fund (IMF) provides financial assistance to countries in economic (...)
  • Vulture funds
  • From Puerto Rico to the Dublin Docklands, Vulture funds and debt in Ireland and the Global South
    Debt and Development Coalition Ireland
    Vulture funds have become familiar to those concerned with debt justice over recent decades. (...)
  • An Analysis of Argentina’s 2001 Default Resolution
    Martin Guzman
    This report cites as an important positive step the Belgian Law on vulture funds passed on 12 (...)
  • The BRICS New Development Bank meets in Delhi, to dash green-developmental hopes?
    Patrick Bond
    Will the Brazil-Russia-India-China-South Africa (BRICS) bloc ever really challenge the world (...)
  • Tunisia - IMF
  • IMF lending freeze “pushing Tunisia to the brink”
    Bretton Woods Project
    IMF freezes second tranche of $2.8 billion loan to Tunisia ITUC accuses Fund of risking (...)
  • Women
  • How Was the March 8 International Women’s Strike Woven Together?
    Ni Una Menos Collective
    Last October 19, the call for a women’s strike to protest the femicide of sixteen year old Lucía (...)
  • Food sovereignty : A feminist struggle ?
    Aurélie Leroy
    The starting point of this study is a paradox : among social, institutional and political (...)
  • Ecological debt
  • Stop the ECB subsidising climate disaster
    Corporate Europe Observatory
    Economic policy should contribute to the fight against social injustice and climate change, not (...)
  • Kathmandu Declaration of South Asia Peasants’ Convergence
    We, the representatives of South Asian peasant organizations, agricultural labourer unions, (...)
  • Migrations
  • G4S: When a private company is in charge of your security
    Jérôme Duval
    The security context in Europe today doesn’t make everybody unhappy, especially among firms that (...)
  • Europe
  • Summit Statement: A Plan B for the EU and the Euro Zone
    The European leaders commemorate the 60th anniversary of the Treaty of Rome while the European (...)
  • Latest Books
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