All the articles
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Ghana’s default, letter on Sri Lanka calling for debt cancellation and Pakistan doubly victimized
11 January 2023 - by Iolanda Fresnillo
Ghana suspended payments on most of their external debts on december 19th, a week after reaching an agreement with theIMF for a US$3bn loan. Ghana has, according to Reuters, reached out to the Paris Club for an “expedited” Common Framework debt (...) -
The “gender equity” farce: a feminist reading of World Bank policies
11 January 2023 - by Camille Bruneau
One cannot take an interest in the policies of the World Bank or in the emancipation of peoples without taking into account the issue of gender, which is itself inextricably entwined with other systems of oppression and social inequality. (...) -
India : debt, banking crisis,...
10 January 2023 - by Eric Toussaint, Sushovan Dhar
Sushovan Dhar is interviewed by Eric Toussaint about the debt situation and the banking crisis in India, and other topics. Eric Toussaint : In your presentation at the 9th CADTM South Asia Conference in Colombo you explained that India’s real (...) -
Forecast 2023: the impending slump
10 January 2023 - by Michael Roberts
At the end of every year, I attempt to make a forecast on what will happen in the world economy in the next year. Of course, forecasts are wrapped in error, given the many variables involved that drive economies. Weather forecasts are still (...) -
Statement by academics on dealing with Sri Lankan debt
9 January 2023 - by Collective
Sri Lanka, along with many other low- and middle-income countries, has experienced a series of financial shocks due to both external and internal factors. Global forces have caused food and energy import costs to soar and interest rates to rise, (...) -
No pasaran !
The frightening civilisational counter-revolution of the Brown International in the making
9 January 2023 - by Yorgos Mitralias
With interest focused - rightly so - on the war Putin is waging against Ukraine and its people, one often forgets to recognise the fundamental “character traits” of Putinism, which make it the jewel in the crown of a nascent Brown International. (...) -
Women for Debt Relief: “Our Lives Are Worth More Than Their Credits”
6 January 2023 - by Christine Vanden Daelen, Camille Bruneau, Capire
Feminist readings on the economy place the sustainability of life as a starting point of analysis. This allows us to turn priorities around, formulate new questions, and propose new alternatives. As states and people face increasing debt, (...) -
Polycrisis and depression in the 21st century
6 January 2023 - by Michael Roberts
‘Polycrisis’ is the buzz word among leftists right now. The word expresses the coming together and interlocking of various crises: economic (inflation and slump); environmental (climate and pandemic); and geopolitical (war and international (...) -
Final declaration of the seventh national congress of ATTAC CADTM Morocco
22 December 2022 - by ATTAC/CADTM Morocco
ATTAC CADTM Morocco organized its seventh national congress in Rabat on December 16, 17 and 18, 2022 under the slogan: “Let’s continue our contribution to build resistances for freedom and for social and environmental justice”. In Morocco, the (...) -
Political situation in Sri Lanka, India, Pakistan, Bangladesh, microcredit, IMF
Success of the 9th CADTM South Asia seminar in Colombo (Sri Lanka)
21 December 2022 - by CADTM, Maxime Perriot
The 9th CADTM South Asia Seminar, organised in collaboration with the Law & Society Trust (LST, Sri Lanka) and the Movement for Land and Agricultural Reform (MONLAR, Sri Lanka), a member of La Via Campesina, was held in Colombo on Friday, (...) -
The US rate of profit in 2021
20 December 2022 - by Michael Roberts
Every year, I analyse the US rate of profit on capital. This is because the US data is the best and most comprehensive to use and because the US is the most important capitalist economy, often setting the scene for trends in global capitalism. (...) -
Financing the 30x 30 agenda for the Oceans: Debt for Nature swaps should be rejected
16 December 2022 - by CADTM, Collective
1. At the UN Biodiversity Conference, or COP-15, the post-2020 framework will likely endorse the target of declaring 30% of the world’s land and oceans as protected areas by 2030. We recognise that protected areas can be effective means to (...) -
French fossil imperialism, South African subimperialism and anti-imperial resistance
15 December 2022 - by Patrick Bond
Abstract As protest against TotalEnergies stretching from South Africa’s Cape coastline to eastern Uganda rises, the main Big Oil target of African climate activists is facing an historic choice. It can continue long-standing patterns of (...) -
Declaration / Statement
Why the CADTM disputes the “Swapping public debt for climate action" proposal
14 December 2022 - by CADTM
It is essential to have a responsible debate and to demystify the “Swapping public debt for climate action” proposal, which is not new and was actually very popular in the 1990s, when members of the Paris Club used debt swaps to promote the (...) -
Morocco: The protest march on December 4, 2022, and its background
12 December 2022 - by Eric Toussaint, Jawad Moustakbal
On Sunday, December 4, 2022, a national march was organised in the city of Rabat. It brought together some 3,000 people under the slogan “All together against the high cost of living, oppression, and repression”; it was organised by the national (...) -
When States Start with a “Clean Slate” and Repudiate Debts: Whose Turn Now?
12 December 2022 - by Eric Toussaint, Anaïs Carton
In this article, Anaïs Carton and Éric Toussaint demonstrate, using a number of examples, that there is no automatic continuity of obligations related to debt when one State or government succeeds another. In April 2023, the Vienna Convention (...) -
International situation and Illegitimate debt
12 December 2022 - by Eric Toussaint
We are publishing a summary of the presentation made by Eric Toussaint at the 9th CADTM South Asia workshop held in Colombo on 2 and 3 December 2022. Very strong economic slowdown without reducing greenhouse gas emissions and other (...) -
South Asia Report : Plight of tea plantation workers and smallholder famers
12 December 2022 - by Sushovan Dhar, SAAPE, Sudhir Shrestha, Sivagnanam Prabaharan
Four countries in South Asia – India, Sri Lanka, Nepal, and Bangladesh – are among the top tea producers in the world and have strong growth prospects. The tea sector has provided direct and indirect employment to millions of workers and farmers (...) -
Debt Status in Nepal
9 December 2022 - by Sudhir Shrestha
CADTM delegate at the 9th CADTM South Asia meeting in Colombo, Sri Lanka (2nd to 4th of december 2022), Sudhir Shrestha detailed the situation of Nepal’s external public debt. In this country of nearly 30 million people, 34% of the budget is (...) -
Public debt and Microfinance in Morocco : When the poor Finance the rich
9 December 2022 - by Jawad Moustakbal
Jawad Moustakbal (ATTAC CADTM Morocco) was one of the CADTM delegates at the 9th CADTM South Asia meeting, in Colombo, Sri Lanka (2-4 December 2022). He presented the damage caused by microcredit and public debt in Morocco for decades. Jawad (...)
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