Illegitimate debt
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CADTM International Council | Day 2 | A global overview of political, social and economic situations
30 October 2024 - by CADTM International, Sushovan Dhar, Omar Aziki, Broulaye Bagayoko, Maxime Perriot, Veronica Carrillo Ortega
Tuesday, October 8, 2024, marked the second day of the CADTM network’s international council. On the agenda: the political, economic and social situation, and the state of struggles in sub-Saharan Africa, the Middle East and North Africa, South (...) -
Series: 1944-2024, 80 years of interference from the World Bank and the IMF, that’s enough !
Time to Put an End to World Bank Impunity
30 October 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 (...) -
The worst ever global debt crisis
17 August 2024 - by Collective, Development finance international
This policy briefing, based on the new Debt Service Watch database, shows that the citizens of the Global South now face the worst debt crisis since global records began. Debt service is absorbing an average 38% of budget revenue and 30% of (...) -
The Platform of ATTAC CADTM Morocco
10 May 2024 - by ATTAC/CADTM Morocco
Preamble The most significant manifestations of capitalist globalization involve banking crises, public and private debts, the consolidation of the debt system, alongside a myriad of other challenges such as economic, food, environmental, and (...) -
Geopolitical conflicts could exacerbate the new international debt crisis, which has already reached the record level of $313,000 billion, according to the IIF
16 April 2024 - by Fátima Martín
Geopolitical conflicts, which mean a sharp increase in defense expenditure, could exacerbate the new international debt crisis, which has already reached the record level of $313,000 billion, according to the Global Debt Monitor published by the (...) -
IMF surcharges or surtaxes: How, in total opacity, the International Monetary Funds is making money at the expense of countries in the most precarious position
22 December 2023 - by Maxime Perriot
What are those IMF surcharges? They are very rarely seen on the web, and for good reason: the IMF does not communicate about them. It is almost impossible to find references on the subject in French, and there are very few in English. How much (...) -
Cancel the debt now to deliver climate justice!
30 November 2023 - by CADTM International, Collective
To mark Cop 28, the CADTM International Network is joining forces with over 550 organisations, activists and academics to call for debt cancellation for the Global South. 54 countries in the global south are in debt crisis. Debt drains (...) -
Cop 28 Coalition : Declaration and call to action
27 November 2023 - by Collective, COP 28 Coalition
People and communities all over the world are experiencing the horrific conditions of multiple crises on top of long-standing injustices, inequalities and oppression. The climate crisis is causing extreme weather events and disrupting (...) -
Success of the CADTM International Council in Marrakech on the eve of the summit against the World Bank and the IMF
13 October 2023 - by CADTM
The CADTM International Council was held in Marrakesh on October 10 and 11, 2023. Around 50 delegates from 16 African nations (Benin, Burkina Faso, Cameroon, DRC, Congo Brazzaville, Mali, Togo, Ivory Coast, Niger, Tunisia, Morocco, Gabon, Guinea (...) -
An Urgent Call for Debt, Climate and Economic Justice
9 October 2023 - by CADTM International, Collective
Communities all over the world are struggling and resisting the impacts of multiple crises. At a time of intensifying climate impacts and speculative increases of food and energy prices, governments, particularly in the Global South, are (...) -
Capacity-building seminar for Togolese women and civil society organisations on illegitimate debts, their impact on human rights and possible alternatives
Lomé Declaration
14 September 2023 - by CADTM Afrique, Attac-Togo, Womin, Foundation for a just society
The struggle against illegitimate, illegal, unsustainable and odious debts has been at the heart of the concerns of African and even Western civil society for more than two decades. With this in mind, the Committee for the Abolition of (...) -
Resisting the shock doctrine
15 July 2023 - by Eric Toussaint, Sushovan Dhar, Yuliya Yurchenko
Ashley Smith chairs an event with Yuliya Yurchenko, Eric Toussaint, and Sushovan Dhar on the global movement against neoliberalism, debt, and the struggle in Ukraine. In this discussion, Yuliya Yurchenko, Eric Toussaint, and Sushovan Dhar (...) -
Deal in Ignominious Green in the Galapagos
21 June 2023 - by Anne Theisen
According to Julien Bouissou’s article in Le Monde on 18 May 2023, ’cancelling the debt and offsetting it with a set of measures to safeguard the biodiversity of the Galapagos archipelago, a UNESCO world heritage site’ is an ’extraordinary green (...) -
Deeper than ever, the crisis leaves capitalism out of breath
20 June 2023 - by Eric Toussaint
CADTM : Are we witnessing a crisis This is a major crisis of the globalized capitalist system, the worst crisis since those of the years 1914-1945 Éric Toussaint : Yes. All the warning lights are flashing: there is a very significant economic (...) -
Ukraine: Resisting creditors
23 May 2023 - by Eric Toussaint, Sushovan Dhar
Sushovan Dhar: What can be said about Ukraine’s debt 15 months after Russia invaded its territory? Éric Toussaint: I must first of all insist that Russia’s invasion of Ukraine is an unjustifiable and morally unacceptable act of aggression. Faced (...) -
Madrid Manifesto against Illegitimate Debt and Vulture Funds
26 April 2023 - by CADTM
From Friday, April 21, to Sunday, April 23, 2023, the days against illegitimate debt and vulture funds were held in Madrid. These were organised by ATTAC Spain, CADTM International, the Platform against Vulture Funds, the Citizen Audit of the (...) -
The urgent need to repudiate debt : The 1983 Vienna Convention, the foundation of a new international economic order
6 April 2023 - by Eric Toussaint, Anaïs Carton
According to the International Monetary Fund and the World Bank, at the end of 2022, approximately 60% of low-income developing countries were already in debt distress or were at high risk of being so. Debt payment suspensions have multiplied in (...) -
8th March
Debts are a tool of oppression! We will not pay!
7 March 2023 - by CADTM International
On the occasion of March 8, international day of struggle for women’s rights, we, activists of CADTM INTERNATIONAL, mobilize against the debt and its patriarchal and capitalist violence. Peasant women, students, workers, mothers, unemployed (...) -
Greece: The infamy of a predicted terrible rail disaster
6 March 2023 - by Yorgos Mitralias
The following could be a dark humor joke, but it is a very real story and, above all, emblematic of this neoliberal and dilapidated Greece of the first half of the 21st century. Only a few hours before the terrible rail disaster of 28 (...) -
[Video] Le CADTM joins the international campaign Debt for Climate and calls for the cancellation of the illegitimate debts
28 February 2023 - by CADTM Belgique, Scientist Rebellion Belgium, Extinction Rebellion Belgium
On the occasion of the 70th anniversary of the cancellation of Germany’s debt, CADTM, Scientist Rebellion Belgium and Extinction Rebellion Belgium joins the international Debt for Climate campaign and calls for the cancellation of the (...) -
From Lebanon to Sri Lanka through Latin America and Egypt: Public debt today and in the history of capitalism
26 February 2023 - by Eric Toussaint, Anis Germany
The present interview with Éric Toussaint aims at constructing a common position about debts and their payment. It also helps to understand the part played by debt and its mechanisms in the extraction of resources of the South by the North at an (...) -
Women for Debt Relief: “Our Lives Are Worth More Than Their Credits”
6 January 2023 - by Christine Vanden Daelen, Camille Bruneau, Capire
Feminist readings on the economy place the sustainability of life as a starting point of analysis. This allows us to turn priorities around, formulate new questions, and propose new alternatives. As states and people face increasing debt, (...) -
Final declaration of the seventh national congress of ATTAC CADTM Morocco
22 December 2022 - by ATTAC/CADTM Morocco
ATTAC CADTM Morocco organized its seventh national congress in Rabat on December 16, 17 and 18, 2022 under the slogan: “Let’s continue our contribution to build resistances for freedom and for social and environmental justice”. In Morocco, the (...) -
Political situation in Sri Lanka, India, Pakistan, Bangladesh, microcredit, IMF
Success of the 9th CADTM South Asia seminar in Colombo (Sri Lanka)
21 December 2022 - by CADTM, Maxime Perriot
The 9th CADTM South Asia Seminar, organised in collaboration with the Law & Society Trust (LST, Sri Lanka) and the Movement for Land and Agricultural Reform (MONLAR, Sri Lanka), a member of La Via Campesina, was held in Colombo on Friday, (...) -
When States Start with a “Clean Slate” and Repudiate Debts: Whose Turn Now?
12 December 2022 - by Eric Toussaint, Anaïs Carton
In this article, Anaïs Carton and Éric Toussaint demonstrate, using a number of examples, that there is no automatic continuity of obligations related to debt when one State or government succeeds another. In April 2023, the Vienna Convention (...)
- ICAN
- African Development Bank
- Agrarian Distress
- Agriculture and Food Sovereignty
- Alternatives
- 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
- Debt campaign
- Debt crisis
- Debt in History
- Debt in Northern countries
- Development
- dollarisation
- ECB
- Ecological debt
- Ecology/Climate
- Energy
- External debt
- Feminisms
- Films
- Financial crisis
- Free Trade/Trade Liberalisation
- G7 / G20
- Health
- Housing
- Human Rights
- ILO
- IMF
- Imperialism
- Inequality
- Inflation
- Initiative for the heavily indebted poor countries (HIPCs)
- Internal debt
- International Institutions
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