Africa
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Illicit Financial Flow
14 March 2023 - by High Level Panel on Illicit Financial Flows from Africa
Over the last 50 years, Africa is estimated to have lost in excess of $1 trillion in illicit financial flows (IFFs) (Kar and Cartwright-Smith 2010; Kar and Leblanc 2013). This sum is roughly equivalent to all of the official development (...) -
“If You’re Not at the Table, You’re Probably on the Menu”
10 March 2023 - by Caroline Cornier
Africa, like the rest of the world, is in crisis. Yet Africa is particularly ill-equipped to deal with it, as it grapples with external public debt reaching new records at a time when the central banks of the countries of the North are (...) -
The Dakar Declaration – Pan-African cooperation & global solidarity
1 February 2023 - by Collective
Scholars and activists from Africa, Asia, Europe, and North America, came together to draft the Dakar Declaration last year. The declaration condemns the constraints to Africa’s economic and monetary sovereignty. Against the multifaceted crises (...) -
FULL VERSION & EXECUTIVE SUMMARY
Africa : the debt trap and how to get out of it
9 December 2022 - by CADTM
Study carried out by the CADTM, the Left Group in the European Parliament - The Left Executive summary and full version in pdf below. Africa was not long spared by the Covid-19 pandemic that submerged the world. The new virus first appeared (...) -
Who is Financing Fossil Fuel Expansion in Africa?
28 November 2022 - by Urgewald
Africa, an Eldorado for the development of new fossil projects that benefit others. As COP 27 was taking place in Egypt, a new report from the NGO Urgewald pointed to the very high level of fossil fuel projects on the continent. TotalEnergies (...) -
The doctrine of Odious Debt in the context of Africa today
9 November 2022 - by Eric Toussaint
In this slide show presented in Dakar on 26 October 2022 at the 2nd Conference on Economic and Monetary Sovereignty of Africa, Eric Toussaint begins by recalling the definition of odious debt according to the doctrine developed by Alexander (...) -
What African Governments Must Fight for at COP27
25 October 2022 - by Africa Climate Justice Collective
We the African People: In solidarity, stand as women, men, youth, peasants, social movements, community- based and civil society organisations as a united front against the multi-dimensional crisis that is prevailing in our continent. Noting (...) -
Launch | Right to Say NO Information Pack
23 February 2022 - by Womin
Communities across Africa are organising to STOP large destructive extractive activities. They are saying NO to mega hydro dams, industrial food plantations and large-scale fishing, fossil fuel opens in a new windowextraction, false technology (...) -
Report on the situation in Sub-Saharan Africa
18 February 2022 - by Broulaye Bagayoko
Report introduced by Broulaye Bagayoko at the World Assembly of the CADTM network, held in Dakar from 13-16 November, 2021. Context Galloping demographics, structural youth unemployment, the explosion of social networks that disrupt (...) -
Press release
9 days of events in Dakar to boost the CADTM international network’s struggle against illegitimate debt and to contribute to internationalist and feminist answers to the multidimensional crisis of capitalism
5 November 2021 - by CADTM International
From 8 to 16 November 2021, the CADTM International network will be meeting in Dakar (Senegal) to boost its struggle against illegitimate debt, whether public or private, in the North as in the South. First a feminist seminar will be devote to (...) -
While 282 million Africans go to bed hungry every night
1 October 2021 - by Carol Thompson
More than 500 indigenous and farmer organizations across the continents have raised their voices to expose the UN’s Food Systems Summit as only advocating one food system—so they’re being silenced. The United Nations Food Systems Summit (UNFSS) (...) -
Debt relief & the Paris Club historical perspective | Overview of debt in Africa
19 May 2021 - by Eurodad, Rémi Vilain, Jaime Atienza, Tirivangani Mutazu, Muchimba Siamachoka
The third session of the Debt Wednesday’s training course will introduce the concepts of debt relief, together with an historical perspective of the Paris Club. Participants will give a closer look to the debt situation in Africa. Panelists (...) -
The North’s New Debt Trap for the South
An unsustainable burden of debt afflicts the peoples of Sub-Saharan Africa
10 May 2021 - by Eric Toussaint, Milan Rivié
In Sub-Saharan Africa, where health spending and human development levels are in a dramatic state, there is a stronger case than ever for unilateral suspensions of debt payments based on arguments recognized in international law; such as state (...) -
Africa: How France Continues to Dominate Its Former Colonies in Africa
26 April 2021 - by Ndongo Samba Sylla, Fanny Pigeaud, Chris Dite
In France’s former African colonies, imperialist monetary policies from Paris continue to cripple domestic economies and undermine democracy. Colonialism in Africa won’t have meaningfully come to an end until true economic sovereignty is allowed (...) -
Series: 1944-2021, 77 years of interference from the World Bank and the IMF (Part 28)
The World Bank did not Foresee the Arab Spring Popular Uprisings and still Promotes the very same Policies that triggered them
12 April 2021 - by Eric Toussaint
In 2021, the World Bank (WB) and the IMF will reach the age of 77. These two international financial institutions (IFIs), created in 1944, are dominated by the United States and a few major allied powers that act to generalize policies contrary (...) -
Stand with Africans to Cancel the debt!
5 February 2021 - by CADTM Africa , Womin
Debt cannot be repaid, first because if we don’t repay, lenders will not die. That is for sure. But if we repay, we are going to die. That is also for sure. Thomas Sankara, 1987 African movements unify to campaign for the cancellation of (...) -
Planting budgetary time bombs in Africa: the Macron Doctrine En Marche
14 January 2021 - by Ndongo Samba Sylla, Daniela Gabor
‘A French Jeremy Corbyn, and in power!’ you’d think after reading the first few paragraphs of Macron’s recent interview in Le Grand Continent. He condemns the Washington Consensus, the paradigm of ‘less state intervention, privatisations, structural (...) -
What do FTAs mean for African women? A critical look into the African Continental Free Trade Area
15 December 2020 - by GRAIN
The recently ratified African Continental Free Trade Area (AfCFTA) looms over Africa. An initiative of the African Union, this mega free trade deal aims to consolidate African markets, boost trade between African countries, and ultimately (...) -
Report on the International Situation and the activities of CADTM International since May 2020
1 December 2020 - by Eric Toussaint, CADTM International, Jean Nanga, Christine Vanden Daelen, Sushovan Dhar, Maria Elena Saludas, Omar Aziki, Rémi Vilain
This report was presented by Éric Toussaint at the biannual meetings of CADTM Belgium on Tuesday 17 November 2020. The text was completed in the annexes by an addendum on the action of the coordination of feminist struggles written by Christine (...) -
Illicit Financial Flows: Africa is the world’s main creditor
5 November 2020 - by Milan Rivié
In its latest report on Illicit Financial Flows (IFF) in Africa, UNCTAD (United Nations Conference on Trade and Development) discloses that 88.6 billion US$ from the continent go up in smoke every year. Not only must we ask questions about the (...) -
Putting an end to the EU’s neo-colonial policies in the field of trade and investment: Economic pressures from above, social reaction from below
22 September 2020 - by Patrick Bond
Summary: The European Union and Africa have had exceptionally conflictual relations even after slavery and colonialism ended. Still today, African-European civil society relationships from below are often arrayed against a nexus of state and (...) -
President Macron never intended to cancel African debt
4 May 2020 - by Pauline Imbach
Had we been born yesterday, we would have been tempted to believe that the question of African debt was finally going to be taken seriously. Emmanuel Macron, wielding a magic wand, was about to cancel the continent’s debts, once and for all. Yet, (...) -
The African Continental Free Trade Area: What Kind of Pan-Africanism?
6 April 2020 - by Jean Nanga
In Kigali, Rwanda, on March 21, 2018, five years after the 50th anniversary of the creation of the Organisation of African Unity (OAU)/African Union (AU) – considered in the Newspeak of the AU as “fifty years of success” – 44 of the AU’s 55 member (...) -
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 (...) -
Illicit financial flows thwart human rights and development in Africa
5 February 2019 - by Imani Countess
The Universal Declaration of Human Rights turned 70 each year; losses that in many countries exceed foreign direct investments and development assistance. Funds that could be used to secure basic economic and social rights, for example the (...)
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