IMF
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Democracy & Debt: Reimagining Sovereignty in the Era of Global Financial Institutions
11 November 2025 - by Eric Toussaint, Ikram Ben Said, Rob Davies, Shereen Talat, Jerome Phelps
When debt dictates policy, what’s left of democracy? In many countries, elected governments are finding themselves boxed in, not by voters, but by creditors. From IMF reform packages to development bank loans, policy decisions are being shaped (…) -
BRICS 2025 Questions and Answers Series (Part 6)
Are the New Development Bank and the BRICS Monetary Fund an alternative to the Bretton Woods institutions?
28 October 2025 - by Eric Toussaint
The necessary and legitimate disapproval of the policies pushed by the traditional imperialist powers (North America, Western Europe and Japan), followed by the announcements made by the BRICS (Brazil, Russia, India, China and South Africa), has (…) -
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 (…) -
BRICS 2025 Q&A Series (Part 3)
The BRICS are the new defenders of free trade, the WTO, the IMF and the World Bank
17 September 2025 - by Eric Toussaint
BRICS+ is a diverse coalition consisting of 10 countries (Brazil, Russia, India, China and South Africa, joined in 2024 by Egypt, the United Arab Emirates, Ethiopia, Indonesia and Iran). Notably some of these nations are direct allies of the (…) -
IMF-WB: Time to shut them down?
25 July 2025 - by CADTM International
The devastating impacts of the International Monetary Fund (IMF) and the World Bank (WB) are evident in country after country, people after people, nature and climate. Through planned misery and austericide, coups d’état, and the support of (…) -
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 (…) -
Argentina: Examples and alternatives for understanding the debt crisis in the South [Part 5]
7 May 2025 - by Maxime Perriot
When it comes to the IMF’s influence on the countries of the Global South, Argentina is a must. During Juan Domingo Perón’s presidency, Argentina initially declined to join the IMF and World Bank, but eventually did so in 1956 during the (…) -
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. (…) -
Made in Sri Lanka, Taxed in America, and Failed by the IMF
9 April 2025 - by Taniya Silvapulle
On 2 April 2025, U.S. President Donald Trump announced the ‘Liberation Day’ tariffs, imposing trade measures on partners across the globe. The policy included a baseline 10% tariff on all imports, along with strict, country-specific ‘reciprocal (…) -
How do creditors respond to defaults? [Part 3]
9 April 2025 - by Maxime Perriot
To avoid the risk of a cascade of defaults that followed the debt crisis from 2020-2022 (see part 2), what was the reaction of governments and international institutions such as the IMF? Faced with the crisis, governments (notably China) and (…) -
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 (…) -
A new debt crisis since 2020-2022 [Part 2]
1 April 2025 - by Maxime Perriot
After this historical overview, let’s look at the debt crisis that has been exploding since 2020. What are its causes? What are the consequences for the countries of the Global South? Des taux d’intérêt bas dans les années 2010 The US (…) -
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 (…) -
Open Letter to Kristalina Georgieva (IMF)
31 March 2025 - by Atilio Boron
Ms. Kristalina Georgieva Managing Director of the International Monetary Fund The Argentine government has said that it is counting on a firm promise from the IMF to extend a new loan to this troubled country. It does not take a keen observer (…) -
Assessing the new debt crisis in the South [Part 1]
21 March 2025 - by Maxime Perriot
After decolonisation, debt maintained the colonial yoke of the imperialist powers over the Glob-al South. Over-indebted nations sought assistance from the World Bank and the International Monetary Fund during the 1980s debt crisis, and in (…) -
Sri Lanka : IMF’s iron clasp, a maiden Budget and protecting the poor
22 February 2025 - by Niyanthini Kadirgamar
In his spirited Budget speech, President Anura Kumara Dissanayake described the priority for the first Budget of the NPP Government as thus: “Mass struggles and last year’s election saw people asserting their political rights. What is necessary (…) -
The policies of Sri Lanka’s new government: a historic opportunity lost
14 February 2025 - by Eric Toussaint
Éric Toussaint reviews the situation in Sri Lanka since 2022. From the popular revolts to the new centre-Left government elected in late 2024 and the negotiations with the creditors, this overview provides a better understanding of a country (…) -
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 (…) -
Pakistan’s debt dilemmaa
9 February 2025 - by Abdul Khaliq
At the CADTM South Asia workshop in Colombo, held from Thursday 30 January to Saturday 1 February, Abdul Khaliq gave an update on the economic, political and social situation in Pakistan. The country is very close to default and is a favourite (…) -
The Case Against Odious Debt. Dr. Eric Toussaint on Face To Face
6 February 2025 - by Eric Toussaint, Niresh Eliatamby
We are publishing a 48-minute interview with Eric Toussaint broadcast on 5 February 2025 by the ‘News 1st’ television channel. The international spokesman for the CADTM is interviewed by journalist Niresh Eliatamby, who interviews politicians (…) -
Sri Lanka
Budget 2025: Adjusting and adapting inside IMF prison
4 February 2025 - by Amali Wedagedara
The Budget 2025 illustrates the drudgery of making ends meet inside a debtors’ prison. The Appropriation Bill for Budget 2025 reveals the fiscal squeeze and constraints imposed by the IMF program and the struggle to set the economy on a (…) -
An ABC of the CADTM and a historical perspective on illegitimate debts
22 January 2025 - by Eric Toussaint, Maxime Perriot
Founded in 1990, the Committee for the Cancellation of Illegitimate Debt (Comité pour l’Abolition des dettes illégitimes, earlier Comité pour l’Annulation de la Dette du Tiers-Monde [Committee for the Cancellation of Third-World Debt], the origin (…) -
Sudan: Debt, Maldevelopment, and the Challenge of Stability
20 January 2025 - by Elsadig Elsheikh
At the time of writing, Sudan remains at a dangerous crossroads. It can either be a state ruled by its diverse citizens’ desire for the rule of law, equitable and sustainable development, democratization, and justice for all, or it can fragment (…) -
Ukraine’s Debt: an instrument of pressure and spoliation in the hands of creditors
16 January 2025 - by Eric Toussaint
In the present article the author focuses on Ukraine’s debt since the 1990s and more particularly in the years after the invasion of Ukraine by Russia in 2022. It provides answers to several questions. Who are Ukraine’s creditors? How much are (…) -
Series: 1944-2024, 80 years of interference from the World Bank and the IMF, that’s enough !
The International Monetary Fund: an ABC 2.0
10 December 2024 - by Eric Toussaint
The World Bank and the IMF are 80 years old. 80 years of financial neo-colonialism and the imposition of austerity policies in the name of debt repayment. 80 years is enough! The Bretton Woods institutions must be abolished and replaced by (…)
- 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 crisis
- 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
- 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
