Debt campaign

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 (...)
Campaigners call on government not to replace promissory notes with sovereign bond

24 September 2012 - by Anglo: Not Our Debt Campaign

The Anglo: Not Our Debt campaign has warned the government against replacing the Anglo promissory note payments with a long-term sovereign bond. Campaign spokesperson Niamh McCrea described the debt as “illegitimate – it was accrued to pay off the speculators who gambled their money on a dodgy (...)
REPORT: The State of Debt

6 June 2012 - by Jubilee Debt Campaign

Putting an end to 30 years of crisis Thirty years of debt crisis have devastated livelihoods across the world. Debt cancellation finally released some countries from one debt trap, but the First World Debt Crisis shows yet again why reckless lending and borrowing need to be governed and (...)
ACT NOW: Support Debt Justice for Zimbabwe

14 April 2012 - by Jubilee Debt Campaign

With fresh elections due next year, debt campaigners in Zimbabwe want lessons learned about the country’s $7 billion debt. Take action now to support their call. Zimbabwe stopped paying most of its debts in the year 2000. Since then, Zimbabweans have faced economic chaos and social upheaval. (...)
Week of Global Action Against Debt and IFIs. Break the chains of debt!

Break the chains of debt! The system of debt continues to devastate the lives of people around the world. People in the South face the daily impacts and consequences of the financial indebtedness of their countries, which far from having been “relieved” is growing in step with the crisis and the (...)
Debt justice campaigns at World Social Forum in Dakar

23 February 2011 - by Cristiano Morsolin

Several non-governmental organizations launched at the World Social Forum in Dakar, capital city of Senegal, an international campaign to demand G20 countries to combat financial activities of tax havens that are extremely detrimental to developing countries. The campaign calls citizens around (...)
Egypt’s debt must fall with Mubarak’s regime

18 February 2011 - by Nick Dearden

The debts of Egypt and Tunisia must be cancelled if the people on the streets of Cairo and Tunis are to take control of their economy and hold Western countries to account In the best tradition of dictators, Hosni Mubarak pillaged Egypt’s economy, and leaves office with as much as $70 billion (...)
A Global Justice Perspective on the Irish EU-IMF Loans: Lessons from the Wider World

23 December 2010 - by Debt and Development Coalition Ireland

This document outlines lessons from the global debt justice movement, provides a background to the Irish EU‐IMF loans (up to the 28th November 2010), and offers some recommendations based on these lessons from DDCI. It also flags up recommendations from other (...)