G8 / G20

Group composed of the most powerful countries of the planet: Canada, France, Germany, Italy, Japan, the UK and the USA, with Russia a full member since June 2002. Their heads of state meet annually, usually in June or July.

Over 100 experts call on BlackRock to cancel Zambia’s debt

17 September 2022 - by Collective

Over 100 economists and development experts have called on BlackRock and other creditors to cancel a significant amount of Zambia’s debt. In an open letter released today, the signatories – including Jeffrey Sachs, Jayati Ghosh, Philip Alston, Raj (...)
The G7 prepares a divide-and-conquer trap, as BRICS countries spall, fall and try to reconstitute

24 June 2022 - by Patrick Bond

On Friday June 24, a hasty one-day virtual summit of the Brazil-Russia-India-China-South Africa will occur, hosted by Xi Jinping. The date is important because on Monday June 26, two of the three intrinsically pro-Western leaders from the bloc – (...)
Global Sovereign Debt Monitor 2022

4 April 2022 - by Erlassjahr.de, MISEREOR

In the context of the COVID-19 pandemic, the global debt situation has deteriorated. Countries in all regions of the world will emerge from the pandemic with unsustainable debt levels. While it was possible to avoid a massive sovereign default (...)
Press release

Debt Crisis: a wasted G20 Summit

18 October 2021 - by CADTM International

As usually happens on the eve of the annual assemblies of the IMF and the World Bank, a G20 summit was held on 13 October 2021 in Washington D.C. Industrial powers in the North and international institutions are more concerned about financial (...)
G20 initiative leads to less than a quarter of debt payments being suspended

14 October 2021 - by Jubilee Debt Campaign

Lower income countries which applied for scheme have spent $36.4 billion on external debt payments during the pandemic, and had just $10.9 billion suspended or cancelled. Private creditors received the largest amount of debt payments, $14.9 (...)
For the lifting of patents on anti-covid vaccines, let’s mobilize together at the WTO and G20 meeting!

27 September 2021 - by Collectif Brevets sur les vaccins anti-covid, stop ! Réquisition

The WTO TRIPS Council meets on 13 and 14 October in Geneva. The G20 meets in Rome on 30 and 31 October. Let us use these dates to raise the demand for the lifting of patents, for technology transfers, for universal, immediate and free (...)
The G7 summit 2021: Will this alliance of the rich and new allies solve our current crises?

11 June 2021 - by Dorothy Guerrero

The heads of states of the Group of 7 (G7). Importantly, the rise of China has also changed the global configuration of power and influence. Biden’s hosting of a [climate summit->https://www.state.gov/leaders-summit-on-climate in April (...)
[Press release] World Bank / IMF / G20 Spring Meetings Paltry measures doomed to failure

11 April 2021 - by CADTM International

At the spring meetings of the Bretton Woods institutions from 5 to 11 April 2021, the World Bank, IMF and G20 made new announcements in an attempt to respond to the debt crisis in the countries of the South, exacerbated by the economic and (...)
The G20’s wrong solutions and the need to suspend debt repayment

29 January 2021 - by Eric Toussaint

Last April, the G20 launched the idea of debt service suspension by poor countries until the end of 2020. What actually happened? Measures taken by the G20 regarding debt relief are utterly insufficient as well as unacceptable since they (...)
G20 debt proposal continues to favour creditors

14 December 2020 - by Bretton Woods Project

Summary: G20 announces disappointing common framework for debt restructuring Framework relies on much-critiqued IMF and World Bank debt sustainability analysis Debtor countries must agree to IMF treatment as condition of debt relief (...)
G20: the debt solution

22 November 2020 - by Michael Roberts

This weekend, the G20 leaders’ summit takes place – not physically of course, but by video link. Proudly hosted by Saudi Arabia, that bastion of democracy and civil rights, the G20 leaders are focusing on the impact on the world economy from the (...)
Shadow report on the limitations of the G20 Debt Service Suspension Initiative: Draining out the Titanic with a bucket?

3 November 2020 - by Iolanda Fresnillo

Today (14 October 2020) the European Network on Debt and Development (Eurodad) is publishing an update of the report first published in July which outlines the limitations of the G20’s Debt Service Suspension Initiative (DSSI). This includes new (...)
The CADTM denounces the G20’s measures on debt

17 October 2020 - by CADTM International

At the time of the WB-IMF annual assemblies held from 12 to 18 October 2020, the G20 Finance Ministers met on Wednesday 14 October to decide on new debt relief measures for the countries of the South. The G20 proved unable to meet the emergency (...)
Will the G20 cancel the debt of the Southern countries?

17 July 2020 - by Renaud Vivien

On 18 and 19th of July, the G20 Finance Ministers will meet to decide the measures to be taken in response to the Covid-19 crisis. Debt cancellations should be among the urgent measures to free up the funds needed to tackle the crisis. However, (...)
G20 Summit in Buenos Aires: A non-event amidst citizen protests

22 December 2018 - by María José Romero, Bodo Ellmers, Tove Maria Ryding

When the global financial crisis broke, the world looked to the G20 to find solutions. But as G20 leaders recently gathered in Buenos Aires 10 years on for their 2018 Summit, it was all too clear that ‘too big to fail banks’ have grown even bigger (...)
Declaration by ATTAC – ARGENTINA

We denounce the government’s cyber-espionage of Argentinian social movements. Spying is illegal!

12 November 2018 - by ATTAC/CADTM Argentina

From ATTAC Argentina, we denounce the “cyber-espionage” put in place by the Argentinian government against the social organizations which are members of the Confluence Fuera G20 / IMF (G20 and IMF – Out), as reported in several newspapers. We (...)
Imperialism and Dependency: Similarities and Differences with the Marini era

8 May 2018 - by Claudio Katz, Richard Fidler

The main theorist of dependency anticipated trends of neoliberal globalization. He analyzed productive globalization, the centrality of exploitation and the relative weight of surplus value transfers. But the employment crisis exceeds what was (...)
The dark side of infrastructure investment in Africa

12 June 2017 - by Collective

With its Compact with Africa the German G20 presidency is actively promoting private loans and investment as solutions to infrastructure deficiencies on the African continent. The Compact aims at using public resources in order to improve the (...)
Genoa: the fifteenth anniversary of the great demonstrations against the G8 and Berlusconi’s bloody repression

26 July 2016 - by Eric Toussaint

From July 18 to 23 Genoa remembers the demonstrations against the G8 (Canada, France, Germany, Italy, Japan, Russia, UK and USA) that took place exactly 15 years ago. On 19 July the CADTM (Committee for the Abolition of Illegitimate Debts) (...)
G20 finance ministers cannot hide failure to tackle major issues

24 September 2014 - by Jesse Griffiths

The communiqué from this weekend’s G20 finance ministers’ meeting in Cairns tried to paper over increasingly evident cracks in the global economy, trumpeted an OECD initiative to reduce tax dodging which is not as good as it seems, continued to (...)
G20 : the Symbol of a System Failure

7 November 2011 - by Eric Toussaint

The G20 is no more legitimate than its progenitor the G7 (Canada, France, Germany, Italy, Japan, UK and USA). It was launched by the industrialized countries three years ago when they were beginning to feel the effects of the biggest economic (...)
Peoples against G20

CADTM Activities at G20 counter summit Wedensday November 2nd 9.30-12am Citizen debt audit : YES it is urgent ! Proposed by : CADTM Europe - ATTAC Europe – Jubilee UK - EN FR ES Speakers : Eric Toussaint (CADTM Belgium), Jonathan Stevenson (...)
Why is demonstrating in Nice against the G20 the 1^st to 3^rd November 2011 essential ?

30 October 2011 - by Eric Toussaint

In the context of global crisis, what is at stake at the G20 meeting under French presidency? The crisis is worsening, especially for the most industrialized countries. The governments of the so called “emerging” countries such as Brazil, China, (...)
Call from Dakar to Mobilize for the G8 and the G20 in France in 2011

Put people, not finances, first

For the G8, May 21 and 22 in Deauville For the G20, from October 31 to November 5, 2011 in Cannes Gathered together here in Dakar during the Convergence Assembly for Action against the G8/G20 at the World Social Forum, we - the social (...)
Call to mobilization for the G8 and G20 in France in 2011

In November, France will take over the Presidency of the G8 and the G20 and will be organizing their summits in June and November 2011. But while summits pass, the economic, financial, ecological and social crises remain. The last G8 and G20 (...)