Debt campaign

Time For A Renewed Anti-Debt Movement

1 June 2020 - by Eric Toussaint, Beverly Keene, Lidy B. Nacpil, Dorothy Guerrero

The coronavirus and global lockdowns mark 2020 as the year in which we re-confront these same issues, only this time with even greater life-or-death urgency, as leaders in one country after another, responding primarily to their own immediate fears, have introduced hitherto unthinkable (...)
Nepal needs Total Debt Cancellation to face the Covid-19 Crisis

23 April 2020 - by Praman Adhikari

The devastation caused by the coronavirus pandemic is a serious threat which has brought our civilisation and economies at the brink of collapse. The current crisis in every sector of our lives has revealed how weak our system is when it comes to fighting back and containing the spread of the (...)
Cancel the debt

23 April 2020 - by Mustafa Talpur

Last week, the G20 group of rich countries decided to postpone the debt payment that is due to be paid to G20 governments up to the end of 2020 for developing countries. This will help Pakistan free up some resources to tackle the pandemic. However, this is still not a matching response to (...)
CSOs Call to International Creditors of Bangladesh

10 April 2020 - by Collective

We the following Civil Society Organizations (CSOs) from all over the world, are calling on the World Bank (WB), International Monetary Fund (IMF), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and all bilateral, regional and multilateral development financiers of (...)
A debt jubilee to tackle the Covid-19 health and economic crisis

9 April 2020 - by Collective

The International CADTM network agrees to sign despite the fact that we are opposed to asking the IMF to “introduce clear guidelines for deciding when a debt becomes unsustainable, and to abide by its self-imposed rule that it will only lend to states whose debt is deemed unsustainable in the (...)
COVID-19 pandemic: Statement by the Southern African People’s Solidarity Network (SAPSN)

5 April 2020 - by Collective

The COVID-19 pandemic poses a great danger to the SADC region. If the spread of the virus is not urgently arrested and is allowed to spread to high-density areas, slums, refugee camps and other centres of impoverishment, Southern Africa will face a health, economic and social disaster on a (...)
Emergency financing for Low-Income Economies to tackle COVID-19: Cost estimates for the impact of the crisis and emergency financing requirements

2 April 2020 - by Daniel Munevar

This briefing is provided to inform development of policy responses to the COVID-19 crisis and in support of calls from wider civil society for debt cancellations for the world’s poorest countries in the face of the current crisis. The COVID-19 crisis has the potential to devastate the lives (...)
Poor countries cut public spending, debt payments trebled

17 January 2020 - by Jubilee Debt Campaign

Figures calculated by Jubilee Debt Campaign from IMF and World Bank data show that growing debt burdens are contributing to public spending cuts. For the 15 countries spending over 18% of revenue on debt payments, 14 saw public spending cuts between 2015 and 2019. Average external government (...)
Debt Island: Wall Street Closes in on 40 Years of Profit at Puerto Rico’s Expense

30 January 2019 - by Abner Dennis, Kevin Connor

An important chapter in the story of the Puerto Rican debt crisis is comingto an end this month, as an adjustment plan around sales tax-backed, or COFINA, debt is being voted on by creditors and will likely be approved by the federal court overseeing the restructuring process in mid-January. (...)
CADTM successfully holds Citizen Debt Audit Training in Nairobi

19 August 2018 - by David Calleb Otieno

The Committee for the Abolition of Illegitimate Debts (CADTM) successfully held a three days training on Citizens Debt Audit in Nairobi, Kenya. The training that attended by delegates from Kenya, Uganda, Tanzania and Burundi was organized by the Kenyan Social Movements for the Abolition of (...)
Africa : Strengthening the anti-debt initiatives in Kenya

15 August 2018 - by Sushovan Dhar

CADTM collaborated with Kenyan social movements to organise a training on debt audit and also a meeting to strengthen the anti-debt activities in Kenya. This programme held from July 29-30 at Nairobi (in the slums of Kangemi) witnessed the participation of more than 50 grass roots activists (...)
Royal Bank of Scotland in the lion’s den of the financial crisis

28 June 2018 - by Chiara Filoni, Christine Berry

10 years following the bankruptcy of Lehman Brothers’ and the European financial crisis, we publish an interview with Christine Berry, formerly a researcher at the New Economics Foundation and campaigner against the bailout and the privatization of the Royal Bank of Scotland (RBS). The bank (...)
How Europe cancelled Germany’s debt in 1953

27 February 2017 - by Jubilee Debt Campaign

The 1953 London Debt Accords show that European leaders know how to resolve a debt crisis in the interests of justice and recovery. Here are four key lessons for Greece’s debt crisis today. On 27 February 1953, an agreement was signed in London which resulted in the cancellation of half of (...)
Meeting: “ From the Genoa G8 to the “Laudato Si” : The Debt Jubilee?”

23 August 2016 - by Collective

15 years after the Genoa G8 and in the year of the Mercy Jubilee we agreed to meet in order to share one of the most pressing global issues: the progressive getting into debt of the whole planet. On this theme we decided to start a discussion with laical and faithful thinkers who have been (...)
Cancel Greek Debt civil society letter to EWG and Eurogroup

19 May 2016 - by CADTM, War on Want, Eurodad, Jubilee Debt Campaign, CNCD, Ecologistas en acción, Debt and Development Coalition Ireland, Bretton Woods Project, Attac Finland, Attac Ireland, Both Ends, Ekumenická Akademie, Enabanda, Erlassjahr.de, Entwicklung braucht Entschuldung, European Network on Debt and Development, European Information Human Rights Centre, Společenství Práce a Solidarity, Zukunftskonvent

For the attention of members of the Eurogroup and the Eurogroup Working Group, In autumn last year, some of our organisations handed over a petition supported by 53 organisations in 15 European countries and signed by over 100,000 individuals calling for the cancellation of Greek debt. It (...)
Fifth ICAN Assembly: retrieving new energies!

28 March 2016 - by Chiara Filoni

ICAN, the International Citizen Debt Audit Network, held its fifth assembly in five years in Madrid on 19, 20 et 21 February 2016 as a complement to the Plan B conference. The vigour shown by the PACD, the citizens’ debt audit platform in Spain, who organised this meeting, as well as the debt (...)
Ludovica Rogers at the European Citizens’ Assembly on debt

12 January 2016 - by Ludovica Rogers

Ludovica Rogers is part of Debt Resistance Uk, a collective formed by activists and researchers in order to challenge the political narrative surrounding the debt. This group is based in London and it is a great example of popular campaign against illegitimate debts. Here we share the speech by (...)
Radio WIBG: Christine Vanden Daelen: Fighting the debt system is a feminist struggle!

8 October 2015 - by Brigitte Marti

The CADTM summer university was articulated around five themes, one of which was Feminist Struggles. Christine Vanden Daelen was the coordinator of the workshops on feminist struggles in a time of debt and austerity. According to Christine Vanden Daelen, debt is a dictatorial system over (...)
Sovereignty and Vultures, Debt and the Commons

7 January 2015 - by Assembly for the Suspension of Payments and Investigation of the Debt and in Defense of our National Heritage and the Commons

As part of its end of year activity, our Assembly for the Suspension of Payments and Investigation of the Debt and in Defense of our National Heritage and the Commons issued a document of balance and 2015 perspectives, entitled “Sovereignty and Vultures, Debt and Common Goods” While some await (...)
Don’t turn the clock back: Analysing the risks of the lending boom to impoverished countries

14 October 2014 - by Jubilee Debt Campaign

There is currently a boom in lending to impoverished countries. External loans to low income countries increased by 75% between 2008 and 2012. Lending to sub-Saharan African countries doubled over the same time period. This research uses projections of debt payments over the next decade to (...)
Greece: Cancelling the majority of sovereign debt is an overdue necessity

9 May 2014 - by Greek Debt Audit Campaign

Announcement approved at public meeting, 7 May 2014 The debt crisis has acted as a lever to dismantle labour rights and transform Greece into a creditor’s colony. The increase of unemployment to 27%, the reduction of wages and pension by 40% on average, the explosion of over 6000 recorded (...)
Rowan Williams calls for money lenders to be held responsible

9 April 2014 - by Jubilee Debt Campaign

Rowan Williams has criticised a “great deal” of lending by banks and other institutions for being unethical, both in the UK and across the world. Dr Williams was speaking at the Jubilee Debt Campaign conference, ‘Life Before Debt’, held in Central London on Saturday 29 March. The conference, (...)
The Debt Resisters’ Operations Manual

25 March 2014 - by Strike Debt

Written by a network of activists, writers, and academics from Strike Debt, The Debt Resisters’ Operations Manual reveals how the predatory debt system works to increase inequality, undermine democracy, and ruin lives. It provides detailed strategies for fighting common forms of debt and lays (...)
Strike Debt has a Song… And A Radio Slot to Sing It On!

10 December 2013 - by Occupy Oakland

Strike Debt Bay Area now has a radio segment! The first piece aired on KPFA on Wednesday, December 4th, 2013 beginning at 8:33 AM. (33 minutes into the Morning Mix show here). Future shows are planned for approximately the same time slot weekly, although the next show is currently scheduld to (...)
Ireland World Record Attempt: Most Expensive Bank Bailout Ever

12 January 2013 - by Anglo: Not Our Debt Campaign

December 16, 2012: An application has been lodged with the offices of the Guinness Book of Records to recognise Ireland’s as the World’s Most Expensive Bank Bailout, per capita. The World’s Most Expensive Bank Bailout bid is being submitted by the campaign group Debt Justice Action, on behalf of (...)