Illegitimate debt
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Stop the Harm! Cancel the Debt! Reparations and Just Transition Now!
13 October 2025 - by Collective
Join the actions! Global Week of Action | 13-18 Oct Day of Globally Coordinated Mobilizations | 16 Oct Advancing the Fight for Debt, Economic and Climate Justice As the International Monetary Fund and the World Bank hold their annual (…) -
Debt Bomb. The autumn meetings are back!
11 August 2025 - by CADTM
The CADTM Autumn Meetings will take place from 10 to 12 October in Liège, Belgium. Three days to meet, debate, eat, sleep, and fight together. Many of you have already registered, and we can’t wait to be there! In the meantime, here’s a first (…) -
A renewed call to action: to resist, to imagine, and to build a world where no one is entangled to debt, forced to migrate, and die to survive
11 June 2025 - by Liz Ferrer , Eula Dela Sierra (Sumpai Mindanao)
On June 2, 2025, people from across Asia and beyond gathered at the University of the Philippines Manila for a powerful public forum titled “Debt Chains and Displaced Lives: Confronting Financial Institutions’ Legacies in the Global South,” (…) -
Alternatives to Debt financing in the Philippines
4 June 2025 - by Eduardo C. Tadem
A. Sources of Funds for Additional Government Revenues Wealth Tax Thomas Pikkety (Capital in the 21st Century. 2014: 540): There are two main ways for a government to finance its expenses: taxes and debt. In general, taxation is by far (…) -
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 (…) -
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 (…) -
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 (…) -
A great text by Nadia Valavani* on the first Tsipras government
12 February 2025 - by Yorgos Mitralias
There’s no doubt that Nadia Valavani’s text, which we publish below, is both an unexpected and extremely welcome surprise. There are many reasons for this. Firstly, it stands out because it does exactly what none of the protagonists in the (…) -
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 (…) -
Colombo Declaration 2025 : Against IMF-led agreement, debt and austerity
6 February 2025 - by CADTM South Asia
We, the participants of the 11th CADTM South Asia meeting, hailing from Bangladesh, India, Pakistan, Sri Lanka, as well as Morocco, the Philippines, Brazil, Belgium and Spain, convened in Colombo, Sri Lanka, from January 31 to February 1, 2025, (…) -
Series Understanding what happened in Greece in 2015 when hope came from Athens
Greece 2015 | From hope to capitulation | Lessons for the future [Part 1]
25 January 2025 - by Eric Toussaint
25 January 2015, at a time when Greece had been suffering since 2010 under the burden of a severe austerity regime forced on the country by its creditors and by the social-democrat (Pasok) and conservative (New Democracy) parties who have taken (…) -
Taxation of the rich, reparations and debt cancellation: the urgency calls for radicalism
21 January 2025 - by Eric Toussaint, Maxime Perriot
In the South as in the North, inequalities are yawning wide, and while the responsibility of the States and major corporations of the North in the exploitation of the South is very real, the simple North-South opposition is far too simplistic. In (…) -
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 do (…) -
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 (…)
- 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
- ILO
- IMF
- Imperialism
- Inequality
- Inflation
- Initiative for the heavily indebted poor countries (HIPCs)
- Internal debt
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