Finance against people
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Sri Lanka: IFI’s, External debt and Microcredit
16 April 2018 - by Balasingham Skanthakumar
The seventh CADTM South Asia regional workshop was successfully held in Colombo (Sri Lanka) from April 6 to April 8, 2018, with participants coming from Sri Lanka, India, Pakistan, Bangladesh, Nepal, Japan, Belgium and France. Around forty (...) -
The Power of a Dollar
11 April 2018 - by Milford Bateman
Microcredit is nothing more than a socially validated way for financial elites to exploit the poor. hirty years ago the international development community was ecstatic. It had found the perfect market-affirming solution to poverty in (...) -
Official development assistance at the antipodes of solidarity
6 April 2018 - by Jérôme Duval
On the 11th of April, 2017, at the end of its report , the OECD proudly announced an increase in official development assistance for the past year: “In 2016, net official development assistance ODA) of the member countries of the Development (...) -
We struggle against illegitimate public and private debt which are at the core of the capitalist system
6 April 2018 - by Eric Toussaint
The seventh CADTM South Asia regional workshop started in Colombo (Sri Lanka) on April 6, 2018, with participants coming from Sri Lanka, India, Pakistan, Bangladesh, Nepal, Japan, Belgium and France. Around forty people, most of them being (...) -
How mainstream media deal about public debt issues
3 April 2018 - by Eric Toussaint
Éric Toussaint, spokesperson for the CADTM, refers here to the partial approach to the public debt issue developed by mainstream media at an international level: they never include the deleterious consequences of repaying public debt on people’s (...) -
Whether in the South or in the North, women bear the burdens of the debt crisis and structural adjustment policies
23 March 2018 - by Chiara Filoni
The CADTM (Committee for the abolition of illegitimate debt) is an International network that has, over the past thirty years, warned of the effects of illegitimate debt and structural adjustment policies. Public debt and the austerity (...) -
How international investment agreements have made debt restructuring even more difficult and costly
19 March 2018 - by Yuefen Li
International investment and trade agreements are legally binding international treaties which give investors an additional layer of legal protection on top of the host country law and contract law. However, little efforts have been made in (...) -
China’s Overseas Expansion: An Introduction to its One Belt, One Road and BRICS Strategies
14 March 2018 - by Collective
Since China’s One Belt, One Road (OBOR) development strategy was first proposed in late 2013, it has increasingly attracted world attention as more and more countries have signed various cooperation agreements with China related to the project. (...) -
After 15 years, World Bank’s Doing Business Report still missing the mark
13 March 2018 - by Bretton Woods Project
In October, the World Bank published its 15th Doing Business Report (DBR), Reforming to Create Jobs, noting that 119 economies had carried out 264 business reforms in the past year to “create jobs, attract investment and become more competitive”. (...) -
Series: Yanis Varoufakis’s Account of the Greek Crisis: a Self-Incrimination
Varoufakis-Tsipras move towards the disastrous agreement with the Eurogroup of 20 February 2015
20 February 2018 - by Eric Toussaint
Disclaimer: This series of articles on Yanis Varoufakis’s book, Adults in The Room: My Battle With Europe’s Deep Establishment is a guide for left-leaning readers who are not happy with the dominant narrative meted out by the mainstream media and (...) -
History shows that it is legitimate to repudiate “odious debt”
16 February 2018 - by Eric Toussaint, Vittorio De Filippis
Eric Toussaint interviewed by Vittorio De Filippis Published in the French daily Libération on 19 December 2017. Eric Toussaint is the international spokesperson for the CADTM ( Committee for the Abolition of Illegitimate Debt). In his latest (...) -
Barcelona Rental Market Is Out of Control
9 February 2018 - by Don Quijones
Rents up 50% since 2013, wages go nowhere, a third of residents earn less than €1,000/month. For the first time in over a decade, I spent a few days last week flat hunting. It was not for my own benefit but rather to provide moral support to a (...) -
Malaysia: banks collude with speculators to force house sales
30 January 2018 - by Mark Johnson
Banks are using a fast-track procedure to reposess and sell houses of poorer Malaysians who fall behind with mortgage repayments. The Malaysian Socialist Party (PSM) demands an investigation. Many of the victims are former urban poor, rehoused (...) -
It’s Time to End the World Bank’s Biased Business Regulation Ratings
22 January 2018 - by Peter Bakvis
After years of criticism from labor unions and other progressive groups, the Bank’s own chief economist is accusing his colleagues of ideologically-driven data manipulation. The World Bank’s chief economist has set off a firestorm over its (...) -
The EU chooses to defend big capital and not majority interest: Serbia is not the only guinea pig
10 January 2018 - by Eric Toussaint, Stefan Slavković
Éric Toussaint granted this interview to Stefan Slavković from the Serbian weekly NIN. Eric Toussaint has been writing on international financial systems for a few decades now. He believes that everyone should be able to understand, (...) -
Open letter to the International Monetary Fund on social protection
9 January 2018 - by Juan Pablo Bohoslavsky
ON December 21st 2017, the Independent Expert on foreign debt and human rights, Juan Pablo Bohoslavsky, sent jointly with several other UN human rights experts an open letter to the International Monetary Fund on the IMF’s approach to social (...) -
“Sellouts in the Room:” Éric Toussaint on the Greek Debt Crisis and SYRIZA Capitulation
3 January 2018 - by Eric Toussaint, Michael Nevradakis
ATHENS, GREECE – For years, throughout the severe economic crisis that has plagued Greece over much of the past decade, the international media and financial press have held Greece up as a striking example of financial folly and mismanagement. (...) -
2018 Report on world inequality: an undisputable diagnosis
28 December 2017 - by World Inequality Lab
This is a synthesis of the 2018 report on world inequality, coordinated by Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman in [WID – World Inequality Lab->http://wir2018.wid.world. At a time when many social (...) -
ISDS in numbers
15 December 2017 - by Cecilia Olivet, Luciana Ghiotto, Bettina Müller
Impacts of investment arbitration against Latin America and the Carribbean Latin American and Caribbean (LAC) countries are among the most affected by the investment arbitration system worldwide, representing 28.6% of all known investor-state (...) -
Debt is a determining factor in History
12 December 2017 - by Eric Toussaint
Sovereign debt has been a crucial factor in a series of major historical events. From the early 19th century, in Latin American countries such as Colombia, Mexico and Argentina, struggling for independence,as well as Greece when seeking funds (...) -
An introduction to the China-Pakistan Economic Corridor
24 November 2017 - by Robin Lee
While initial plans for the China-Pakistan Economic Corridor (CPEC) predate those of OBOR it has been given renewed impetus under it and has come to be described as a flagship OBOR project. Along with the Bangladesh-China-India-Myanmar Economic (...) -
How microfinance and financial inclusion impinge on human rights
13 November 2017 - by Philip Mader
This blog post is based on a talk given at the ETOC Conference on “Financialisation, Eco-Destruction, and Human Rights beyond Borders” in Brussels, September 28-29, 2017, and should not be regarded as an exhaustive academic paper but as food for (...) -
Paradise Papers: States must act against “abusive” tax conduct of corporations - UN human rights experts
10 November 2017 - by United Nations - Human Rights
GENEVA (9 November 2017) – International corporations responsible for systematic tax abuse should be downgraded by rating agencies and investment funds in their environmental, social and governance performance, UN human rights experts have said, (...) -
IMF needs radical reform to halt ‘failed policies’ of privatization and austerity – UN expert
26 October 2017 - by United Nations - Human Rights
NEW YORK (17 October 2017) – The lending policies of the International Monetary Fund are actively undermining some of the UN’s human rights and development priorities, as well as promoting the “failed” policies of privatization and “austerity”, a UN (...) -
BRICS Xiamen summit doomed by centrifugal economics
30 August 2017 - by Patrick Bond
The Brazil-Russia-India-China-South Africa summit in Xiamen from September 3-5 is already inscribed with high tension thanks to Sino-Indian border conflicts. But regardless of a welcome new peace deal, centrifugal forces within the fast-whirling (...)
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