All the articles

The financialisation of malaria in Africa: Burkina Faso

9 June 2022 - by African Centre for Biodiversity (ACB)

The financialisation of malaria in Africa: Burkina Faso, rogue capital & GM /gene drive mosquitoes This paper seeks to understand the financialisation of malaria as a vehicle for rogue capital in a context of a weakened state (through (...)
Mexico: Oaxaca Declaration against illegitimate debt (April 2022)

6 June 2022 - by National Promorora for the Suspension of Public Debt Repayment

Starting April 26, 2022, various activities were carried out in different parts of Mexico by the COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT, in coordination with the NATIONAL PROMOTORA FOR THE SUSPENSION OF PUBLIC DEBT REPAYMENT, and the (...)
Food, famine and war

4 June 2022 - by Michael Roberts

If anything proves that famine and food insecurity are man-made rather than due to vagaries of nature and the weather, it is the current food crisis that is putting millions globally close to starvation. The Russia-Ukraine war has highlighted (...)
Five theses developed in the book “The Debt System”

3 June 2022 - by Eric Toussaint, Martín Mosquera

Interview conducted by Martín Mosquera for the Latin-American magazine Jacobinlat]. Martín Mosquera (Jacobinlat) :Could you summarize some essential points from your book The Debt System: A History of Sovereign Debts and Their Repudiation? (...)
Debt, Coups & Colonialism in Haiti: France & U.S. Urged to Pay Reparations for Destroying Nation

31 May 2022 - by Amy Goodman, Democracy Now!, Westenley Alcenat, Juan González, Gerald Horne, Kim Ives

We look in depth at “The Ransom,” a new series in The New York Times that details how France devastated Haiti’s economy by forcing Haiti to pay massive reparations for the loss of slave labor after enslaved Haitians rebelled, founding the world’s (...)
Mexico: Success for the CADTM international network

28 May 2022 - by CADTM

The CADTM activities from 26 April to 16 May 2022 in Mexico have been fully successful. Over one thousand people participated in person in a dozen of public activities involving talks by CADTM international delegates. Those activities took place (...)
The Crisis of Neoliberalism and the Progressive Alternative

28 May 2022 - by Devaka Gunawardena

The current crisis in Sri Lanka is not only a political crisis of the regime of Gotabaya Rajapaksa. It is also a structural breakdown of the way in which neoliberalism has historically attempted to legitimise its own regime of accumulation. (...)
The IMF in Debt Restructuring, the Resurgence of Austerity, and the Urgency of Fiscal Justice

27 May 2022 - by Bhumika Muchhala

As Sri Lanka officially defaults on its sovereign debt repayments, and enters negotiations with the International Monetary Fund for access to loans in return for structural macro-economic change in response to the ongoing economic crisis, the (...)
Mexico: Payment of external debt must be suspended

25 May 2022 - by Benito Mirón Lince

Invited by the national Promotora for the cancellation of public debt, delegates from the international network of the Committee for the cancellation of illegitimate debts (CADTM), coming from Puerto Rico, Columbia, Uruguay and Argentina came to (...)
’Austerity’ for the poor

IMF ‘double standard’ displays capitalism’s inherent inhumanity

20 May 2022 - by Prabhat Patnaik

For over two years now, the world has been facing a pandemic the like of which has not been seen for a century, and which has already taken 15 million lives according to the WHO, without being anywhere near an end. This is an unprecedented (...)
The making and masking of Sri Lanka’s debt crisis

17 May 2022 - by Matt Withers

Sri Lanka is in the grip of its worst economic crisis since Independence. Behind recent headlines, the Covid-19 pandemic has exposed structural problems that were decades in the making. The origins of today’s foreign exchange crisis are rooted in (...)
Is Sri Lanka burdened by ‘odious’ debt?

16 May 2022 - by Akalanka Thilakarathna

The current economic situation in the country can be linked to its political instability. While economic and political instability goes hand in hand, the current dilemma facing the country can be attributed to bad planning and decision making, (...)
Inflation: wages versus profits

16 May 2022 - by Michael Roberts

The Governor of the Bank of England, Andrew Bailey set the attitude of the mainstream view on the impact of inflation in February, when he said that “I’m not saying nobody gets a pay rise, don’t get me wrong. But what I am saying is, we do need to (...)
Mexico : the 4^th transformation has not involved a change in the economic model

7 May 2022 - by Eric Toussaint, Dora Villanueva

Éric Toussaint interviewed by Dora Villanueva (La Jornada – Mexico) Mexico – The so-called fourth transformation of Mexico, led by President Andrés Manuel López Obrador (AMLO), has not involved a change in the economic model as such, only a few (...)
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 (...)
Pakistan : Regime Change, Political Turmoil and Deepening Debt Crisis

3 May 2022 - by Abdul Khaliq

Pakistan has plunged into a major political crisis after the removal of Prime Minister Imran Khan on 10 April 22, through a successful no-confidence motion against the PTI govt. The month-long political crisis began on 8 March when the country’s (...)
The Argentinian (2001) and Sri Lankan (2022) Financial Crises: Ways Forward from a Feminist Perspective

27 April 2022 - by Corina Rodriguez

In response to Sri Lanka’s ongoing economic crisis, and the consensus across the political spectrum and even social classes that an International Monetary Fund (IMF) bail-out and structural adjustment programme is the only short-to-medium term (...)
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 (...)
Sri Lanka: No agreement with the IMF!

15 April 2022 - by Eric Toussaint, Sushovan Dhar

A Sri Lankan delegation will travel to Washington next week to try to secure up to $4 billion from the International Monetary Fund and other lenders to help the island nation pay for food and fuel imports as well as stem defaults on its debt. (...)
Climate change and wars

10 April 2022 - by Michael Roberts

As the ugly war in Ukraine drags on, with more lives lost and atrocities (apparently) committed, energy and food prices hit yet more highs. The Food and Agricultural Organisation (FAO) of the UN publishes a monthly global price index. The FAO (...)

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Committee for the Abolition of Illegitimate Debt

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