Debt crisis
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Europe: For a different economic policy in response to the far right and Trump’s offensive
5 November 2025 - by Eric Toussaint, Antoine Larrache
Antoine Larrache: Could you provide an overview of the European Union’s economic situation in comparison to the global market? Éric Toussaint: The countries of the European Union, including the United Kingdom, are currently facing significant (…) -
BRICS 2025 Questions and Answers Series (Part 4)
China and the IMF, supported by BRICS+, provided a lifeline to Javier Milei’s far-right government in Argentina
26 September 2025 - by Eric Toussaint
In September 2025, after having presided over the country since December 2023, the neo-fascist Javier Milei suffered an electoral defeat in an important vote. The result was the election in the province of Buenos Aires. This election renewed 46 (…) -
Lower-income country debt payments by creditor grouping
13 August 2025 - by Debt Justice
Lower-income country external debt payments to private lenders are three times higher than to Chinese lenders. Various reporting on the debt crisis in the global south casts China as the largest lender. This is not true. While China is a (…) -
Sustainable development and unsustainable debt
30 June 2025 - by Michael Roberts
Today, world leaders gather in Seville, Spain for a UN aid summit for developing countries. This is the Fourth International Conference on Financing for Development. At least 50 world leaders including French President Macron, EU chief von der (…) -
As the debt spiral speeds, half of Pakistan’s budget goes to loan repayment.
16 June 2025 - by Abdul Khaliq
We expect Pakistan’s fiscal situation in 2025 to be characterised by a significant allocation of its national budget (2025–26) towards debt servicing and defence expenditures. This situation raises concerns regarding the sustainability of its (…) -
Confronting Financial Institutions’ Legacies in the Global South : 30 arguments against the World Bank and the IMF
3 June 2025 - by Eric Toussaint
We present the speech delivered by the CADTM spokesperson at a public forum held in Manila (Philippines) on June 2, 2025, organised by IIRE Manila in collaboration with CADTM. The forum took place at the University of the Philippines in the (…) -
Syria’s Prospects of Debt Restructuring Entangled in Geopolitical Calculations
15 May 2025 - by The Syria Report
Syria’s transitional government has yet to make clear how it will deal with the debts that the former Assad regime incurred with Russia and Iran. In a regime change context, debt restructuring is often framed as part of the broader transitional (…) -
Argentina: anarcho capitalism to austerity
16 April 2025 - by Michael Roberts
On Monday, the IMF announced that it had agreed to lend Argentina’s Milei government a further $20bn (on top of existing debts) to tide the government over in meeting its debt obligations and restoring its fast-falling foreign exchange reserves. (…) -
Series: Understanding what happened in Greece in 2015 when hope came from Athens
Towards the first capitulation and the disastrous 20 February 2015 agreement with the Eurogroup [Part 7]
14 April 2025 - by Eric Toussaint
In the days and weeks following the ECB’s attack on Greece on 4 February 2015, intense negotiations took place, culminating in the disastrous agreement of 20 February, confirmed on 24 February. The agreement extended the second Memorandum, which (…) -
Debt data portal of debt justice
11 April 2025 - by Debt Justice
This portal by Debt Justice compiles key statistics and analysis on the debts of countries and governments. Click here to access the analysis and data featured, and here to read more about sources. Our own risk analysis, presented on the (…) -
US tariffs will intensify debt crisis in lower-income countries
10 April 2025 - by Tim Jones
Countries with high debt payments all hit with tariffs No benefit from falling price of dollar Borrowing costs increasing Largest impact will be global downturn hitting export revenues ***Updated data on 7 April*** The US’s planned (…) -
How IMF stole Sri Lanka! debt expert explains!
2 April 2025 - by Eric Toussaint, Balasingham Skanthakumar, Tharindu Uduwaragedera
In this interview, Eric Toussaint and Balasingham Skanthakumar explains the consequences of the IMF “bailout” of Sri Lanka and the impact of IMF conditionalities on the Sri Lankan economy. He highlights how these conditions often lead to (…) -
Budget 2025: Playing A Bad Hand
31 March 2025 - by Balasingham Skanthakumar
1. Introduction ‘Budget 2025’ – delivered before parliament on 17 February by President Anura Kumara Dissanayake (AKD) in his capacity as Minister of Finance and passed on 21 March – is the first concretisation of the economic agenda of the (…) -
Glimpses of the CADTM South Asia meeting in Colombo, Sri Lanka, from 29 January to 2 February 2025
12 February 2025 - by Fernanda Gadea, CADTM South Asia
CADTM South Asia held its annual meeting in Colombo, Sri Lanka, from 30 January to 1 February 2025. The discussions were very intense and covered a wide range of topics: Sri Lanka’s current situation vis-à-vis its creditors, the new Sri Lankan (…) -
Sri Lanka’s ISB Restructuring
10 February 2025 - by Dhanusha Gihan Pathirana
CADTM is happy to republish this paper, which is extremely valuable in comprehending the arrangement reached by former Sri Lankan authorities with bondholders two days before the September 2024 presidential elections. Key Takeaways The (…) -
Sri Lanka : Fiscal and Redistributive Reform: The Burden of Interest Costs
8 February 2025 - by Dhanusha Gihan Pathirana
Context The Sri Lankan government is currently facing a significant burden due to high interest costs on Treasury Bonds, which is severely constraining the fiscal space available for critical social protection programs. There is a valuable (…) -
Forecast 2025: roaring or tepid?
6 January 2025 - by Michael Roberts
It’s time to make some forecasts on what will happen to the world economy and its major countries in 2025. Many people reckon that it is waste of time making such forecasts as they are never accurate and quite often the opposite happens. Of (…) -
Sri Lanka: Reading the General Election 2024
22 November 2024 - by Amali Wedagedara, Pasan Jayasinghe
The National People’s Power (NPP) has made history. With its unprecedented, record-breaking electoral victory at the general election of 2024, the NPP has succeeded in engineering popular dissent towards comprehensive regime change. Its (…) -
Austerity, dispossession and injustice: Facets of the debt crisis in Sri Lanka
7 October 2024 - by Ahilan Kadirgamar
Sri Lanka defaulted on its external debt for the first time in its postcolonial history in April 2022. The International Monetary Fund (IMF)-led process of recovery that followed has not only been disastrous in terms of the economic policy (…) -
Comrade President? Change and Continuity in Sri Lanka
29 September 2024 - by Balasingham Skanthakumar
Anura Kumara Dissanayake’s (AKD) victory on 21 September as the candidate of the centre-left National People’s Power (NPP) coalition is highly significant for symbolic and substantive reasons. His predecessors have been from the social and (…) -
South Asia in the New Global Debt Crisis – A Call for Collective Solutions
22 September 2024 - by Amali Wedagedara
Debt payments of developing countries exceed their national revenue. According to a new report, Resolving The Worst Ever Global Debt Crisis, 118 developing countries are experiencing debt distress, with a disproportionate share of their national (…) -
Is There A Life Without IMF: Debunking The Myth
22 September 2024 - by Eric Toussaint
Given that Anura Kumara Dissanayake, the progressive presidential candidate from National People’s Power, is leading in the election on September 21, 2024, it is crucial to consider the question: Could life exist without the IMF? According to (…) -
Sri Lanka’s debt default
21 September 2024 - by Michael Roberts
Today, 21 September, Sri Lanka will hold its first presidential election since the July 2022 popular uprising known as the Aragalaya, which drove the corrupt President Gotabaya Rajapaksa from power. Sri Lanka had entered the most damaging (…) -
Series : Social Movements and the Politics of Debt
From the “Committee for the Cancellation of Third World Debt” to the “Committee for the Abolition of Illegitimate Debt”
16 August 2024 - by CADTM, Christoph Sorg
Excerpts from Social Movements and the Politics of Debt: Transnational Resistance against Debt on Three Continents. Having made Christoph Sorgh’s entire doctoral thesis [1] available to the public, the CADTM is glad to provide excerpts from it (…) -
Series : Social Movements and the Politics of Debt
Social Movements and the Politics of Debt
15 August 2024 - by CADTM, Christoph Sorg
Social Movements and the Politics of Debt, Transnational Resistance against Debt on Three Continents, Christoph Sorg, Amsterdam University Press, 2022 The CADTM is glad to publish Christoph Sorg’s full doctoral thesis entitled Social Movements (…)
- Depression
- ICAN
- African Development Bank
- Agrarian Distress
- Agriculture and Food Sovereignty
- Antifascism
- Arbitration
- Audit
- Austerity/Structural Adjustment
- Bank of the South
- Banks
- Belt and Road
- Big Pharma
- BRICS
- Capitalism
- Colonial debt
- Colonialism
- Commercial agreements
- Commercialisation
- Corporate
- Corporate Debt
- Corruption / financial criminality
- Crisis
- De-dollarisation
- Debt campaign
- Debt in History
- Debt in Northern countries
- Development
- dollarisation
- ECB
- Ecology/Climate
- Energy
- External debt
- Extractivism
- Feminisms
- Films
- Financial crisis
- Free Trade/Trade Liberalisation
- G7 / G20
- Health
- Housing
- Human Rights
- Illegitimate debt
- ILO
- IMF
- Imperialism
- Inequality
- Inflation
- Initiative for the heavily indebted poor countries (HIPCs)
- Internal debt
CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
8 rue Jonfosse
4000 - Liège- Belgique
+324 56 62 56 35
info@cadtm.org
