Comité pour l'abolition des dettes illégitimes

Caribbean

The North’s New Debt Trap for the South

Latin America and the Caribbean are facing a serious debt crisis

3 May 2021 - by Eric Toussaint, Milan Rivié

In the previous three parts we have observed the evolution of the DCs’ external debt over the last twenty years. The first part shows a dramatic increase of indebtedness, which multiplied by 2.5 with a steep acceleration from 2008 onward. The (...)
Caribbean reparations movement must put capitalism on trial

5 August 2020 - by Ajamu Nangwaya

From chattel slavery to the current period of neocolonial flag independence, the Caribbean labouring classes have yet to exercise substantive power over the political institutions that govern their lives. A system of popular assemblies with the (...)
How Wall Street Colonized the Caribbean

12 July 2019 - by Peter James Hudson

The expansion of banks such as Citigroup into Cuba, Haiti, and beyond reveal a story of capitalism built on blood, labor, and racial lines. This essay is featured in Boston Review’s Spring 2019 issue Racist Logic. Buy a copy and receive a (...)
Demand debt relief for hurricane-hit islands

25 September 2017 - by Jubilee Debt Campaign

A petition to all creditors, including the IMF and World Bank Over recent weeks, several countries in the Caribbean have been devastated by hurricanes. Some of those countries were already heavily indebted, often in part because of loans taken (...)