Committee for the Abolition of Illegitimate Debt

In conclusion, the participants made the following observations:

1. The Congress is held in an international context marked by the intensification of the crisis of globalized capitalism and the explosion of the debt crisis in the North countries with austerity measures. At the regional level, the revolts in the Maghreb and Mashreq countries extend yet. On the national plan, February 20 (M20) movement is no longer a parenthesis of history but the first real opposition movement in the country

2. Always on the national plan, the economic balance Balance End of year statement of a company’s assets (what the company possesses) and liabilities (what it owes). In other words, the assets provide information about how the funds collected by the company have been used; and the liabilities, about the origins of those funds. sheet of 56 years “of independence” confirms our “interdependence”. Our country is dependent on the former “protectors” (European capitalism) who’s taking advantage of this situation to pillage our wealth and increase our dependence. Now, the Economic Institutions international (IMF IMF
International Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates.

When the Bretton Wood fixed rates system came to an end in 1971, the main function of the IMF became that of being both policeman and fireman for global capital: it acts as policeman when it enforces its Structural Adjustment Policies and as fireman when it steps in to help out governments in risk of defaulting on debt repayments.

As for the World Bank, a weighted voting system operates: depending on the amount paid as contribution by each member state. 85% of the votes is required to modify the IMF Charter (which means that the USA with 17,68% % of the votes has a de facto veto on any change).

The institution is dominated by five countries: the United States (16,74%), Japan (6,23%), Germany (5,81%), France (4,29%) and the UK (4,29%).
The other 183 member countries are divided into groups led by one country. The most important one (6,57% of the votes) is led by Belgium. The least important group of countries (1,55% of the votes) is led by Gabon and brings together African countries.

http://imf.org , WB World Bank
WB The World Bank was founded as part of the new international monetary system set up at Bretton Woods in 1944. Its capital is provided by member states’ contributions and loans on the international money markets. It financed public and private projects in Third World and East European countries.

It consists of several closely associated institutions, among which :

1. The International Bank for Reconstruction and Development (IBRD, 189 members in 2017), which provides loans in productive sectors such as farming or energy ;

2. The International Development Association (IDA, 159 members in 1997), which provides less advanced countries with long-term loans (35-40 years) at very low interest (1%) ;

3. The International Finance Corporation (IFC), which provides both loan and equity finance for business ventures in developing countries.

As Third World Debt gets worse, the World Bank (along with the IMF) tends to adopt a macro-economic perspective. For instance, it enforces adjustment policies that are intended to balance heavily indebted countries’ payments. The World Bank advises those countries that have to undergo the IMF’s therapy on such matters as how to reduce budget deficits, round up savings, enduce foreign investors to settle within their borders, or free prices and exchange rates.

, WTO WTO
World Trade Organisation The WTO, founded on 1^st January 1995, replaced the General Agreement on Trade and Tariffs (GATT). The main innovation is that the WTO enjoys the status of an international organization. Its role is to ensure that no member States adopt any kind of protectionism whatsoever, in order to accelerate the liberalization global trading and to facilitate the strategies of the multinationals. It has an international court (the Dispute Settlement Body) which judges any alleged violations of its founding text drawn up in Marrakesh.

) are indirectly controlling Moroccan strategic choices. Local capitalism, closely related to political power, take benefit of these policies and accumulated ostentatious wealth in the depends on wide layers of the population.

3. In this context the M20F was born. Tens thousands of demonstrators each week, since February 20, 2011, claim a better distribution of wealth, the increase in wages, employ for jobless and decent housing, free access to health care Care Le concept de « care work » (travail de soin) fait référence à un ensemble de pratiques matérielles et psychologiques destinées à apporter une réponse concrète aux besoins des autres et d’une communauté (dont des écosystèmes). On préfère le concept de care à celui de travail « domestique » ou de « reproduction » car il intègre les dimensions émotionnelles et psychologiques (charge mentale, affection, soutien), et il ne se limite pas aux aspects « privés » et gratuit en englobant également les activités rémunérées nécessaires à la reproduction de la vie humaine. and education, etc… .this claims formed the heart of the social struggles since the beginning of the 1990s. The M20F has the merit of having given to such claims a popular print. This movement has succeeded for the first time in the history of the Morocco to bring together the citizens of cities and the countryside around these themes as well as on the basis of the fight against the nepotism which gangrenes State.

4. These mobilizations forced the leading class of Morocco to make concessions. Its objective: get around the popular claims. At the same time it continues to repress and criminalize the protest movements.

5. The small constitutional reforms was just a makeup of despotism. The last elections are only a illustration of a poor comedy that led to a non-popular Parliament and a Government of facade.

6. The DIY operated by these leaders fail to calm the political and social crisis caused by the liberal choices of the State. The program of the Government of facade renewed these policies (free-trade agreements, the debt which absorbs a third of the budget, privatization, etc…)

7. Except that a good portion of the people was able to recognize the superficial nature of these reforms, which do not alter the conditions of extreme poverty, where live more than half of Moroccans. The recent burnings of graduates unemployed are the tragic expression of this social crisis. The continuation of protests and mobilizations is further evidence that the people boycotting these institutions.

8. Taking note of this explosive context, the regime has amplified its crackdown on protest movements (graduates unemployed; students in Taza, Fez and Marrakech, etc.). The social movement to Bouarfa (East) to Safi (Centre) was entitled to a “special” treatment on the part of the Makhzen. Unfair judgments have condemned the symbols of struggles in several cities. Headed Saddik Kabouri in Bouarfa, Abdeljalil Agadil in Safi, the rapper Mouad L7a9ed (the outraged) in Casablanca. The Suppression targeted “wins - bread “of several activists including Mustapha Sandia, Member of our national Secretariat (SN), who is suspended for months ago from his job without legal reason.

In the light of these elements, our association draws the following conclusions:

 Repression faced by social movements and the M20F must be condemned with force.

 The “All safe” policy adopted by the regime reflects its deadlock and its institutions one.

 The measures launched since the beginning of the spring of peoples will not resolve the deep social crisis.

 As long as the looting of public funds and the seizure of wealth by a small minority of the population benefiting from clientelistic relationship within the regime will continue, this social crisis will continue to crack down.

 That clientelism and nepotism are the same reasons that explain the revolts of the Maghreb and the Mashreq countries.

 The resistance is the way to earn victories in our current and future struggles.

 The M20F is the Moroccan symbol of this popular resistance.

 ATTAC/CADTM Morocco reaffirms its full accession to the initiatives and the dynamics of this movement.

 Strengthen the M20F passes through the enlargement of its components, which are the working class, unemployed, students, women, deprived and impoverished in urban as in rural citizens.

 Our commitment is unwavering to build “an other Morocco possible”, the Morocco of social justice and people’s democracy.

4^th national Congress of ATTAC/CADTM Morocco
Rabat, January 29, 2012