Comité pour l'abolition des dettes illégitimes

Soutenez-nous

Mexico

Mexico

The CADTM welcomes the sovereign stance of the new Government of Mexico of not inviting King Felipe VI of Spain to attend the inauguration ceremony

29 September 2024 - by CADTM International

At the ceremony of the transfer of power from the President of Mexico, Andrés Manuel López Obrador, to the new President, Dr. Claudia Sheimbaum Pardo, next Tuesday, October 1, there will be a notable absence, that of King Felipe VI de Borbón of (...)
Mexico: from AMLO to Sheinbaum

1 June 2024 - by Michael Roberts

Mexico has its general election this Sunday. With a population of over 130 million, Mexico is among the 15 largest economies in the world and the second-largest economy in Latin America. Andrés Manuel López Obrador, known as AMLO, has been (...)
1944-2024, 80 years of interference from the World Bank and the IMF, that’s enough !

The Mexican debt crisis and the World Bank

1 May 2024 - by Eric Toussaint

In July 2024, the World Bank and the IMF will be 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 (...)
Mexico: Oaxaca Declaration against illegitimate debt (April 2022)

6 June 2022 - by National Promorora for the Suspension of Public Debt Repayment

Starting April 26, 2022, various activities were carried out in different parts of Mexico by the COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT, in coordination with the NATIONAL PROMOTORA FOR THE SUSPENSION OF PUBLIC DEBT REPAYMENT, and the (...)
Mexico: Success for the CADTM international network

28 May 2022 - by CADTM

The CADTM activities from 26 April to 16 May 2022 in Mexico have been fully successful. Over one thousand people participated in person in a dozen of public activities involving talks by CADTM international delegates. Those activities took place (...)
Mexico: Payment of external debt must be suspended

25 May 2022 - by Benito Mirón Lince

Invited by the national Promotora for the cancellation of public debt, delegates from the international network of the Committee for the cancellation of illegitimate debts (CADTM), coming from Puerto Rico, Columbia, Uruguay and Argentina came to (...)
Mexico : the 4^th transformation has not involved a change in the economic model

7 May 2022 - by Eric Toussaint, Dora Villanueva

Éric Toussaint interviewed by Dora Villanueva (La Jornada – Mexico) Mexico – The so-called fourth transformation of Mexico, led by President Andrés Manuel López Obrador (AMLO), has not involved a change in the economic model as such, only a few (...)
The Monetary Cost of Migration and Debt Incurred in the Journey from Mexico to the United States (2011-2019)

10 June 2021 - by Víctor Manuel Isidro Luna

This note addresses migration and debt in the north border between Mexico and the United States. Specifically, I discuss the flow of people returned to Mexico by the US authorities, the amount that some of these people pay to coyotes (...)
The economic response to the crisis benefits large companies

26 May 2021 - by Eric Toussaint, Roberto González Amador

Éric Toussaint is interviewed by Roberto González Amador from the Mexican daily La Jornada. The spokesperson for the international network Committee for the Abolition of Illegitimate Debts (CADTM) argues for an end to patents [1]. The seeds of a (...)
Part One: a Declaration... for Life

3 January 2021 - by Collective

January 1st, 2021 TO THE PEOPLES OF THE WORLD: TO PEOPLE FIGHTING IN EUROPE: BROTHERS, SISTERS AND COMRADES: In these previous months, we have established contact between ourselves by various means. We are women, lesbians, gays, (...)
Alert on the sophistication of illegitimate debt techniques via mobile telephony

8 November 2019 - by Eric Toussaint

In the era of widespread mobile telephony, we witnessed certain capitalist firms employing a sophistication of techniques to ensure the illegitimate debt of the lower classes. Kenya, a country of 50 million people, is considered to be at the (...)
Mexico: creation of a CADTM launching committee

4 October 2018 - by CADTM

A meeting was held in Mexico City, in the lecturers’ hall at the Faculty of Economics of the National Autonomous University of Mexico (UNAM) on 1st October 2018 to launch the creation of a Mexican chapter of the CADTM. The UNAM counts four (...)
First as tragedy, now as farce: lessons from 12 August 1982

11 September 2017 - by Mark Perera

As the saying goes, history repeats itself because no one was listening the first time. This month marks the 35th anniversary of an event that sparked a debt crisis across the developing world. It was a crisis triggered by low interest rates in (...)
Mexico proved that debt can be repudiated

24 March 2017 - by Eric Toussaint

Mexico is the only former colony which, in the 19th and the first half of the 20th century, won decisive victories over its creditors through its own determination. In 1861 Mexico repudiated a portion of the external and internal debt being (...)
World Bank safeguards review: “human rights-free zone”

16 February 2016 - by Bretton Woods Project

As the third and final consultation phase on the second draft of the World Bank’s proposed new environmental and social framework (ESF), replacing the current safeguards, progresses, civil society organisations (CSOs), the UN and certain member (...)
Why a once rich country rose in revolt

Bad debts

4 January 2008 - by Eric Toussaint

In 1914, when the revolution led by Emiliano Zapata and Pancho Villa was at its height, Mexico suspended all payment of its foreign debt. Although it owed its northern neighbour more than any other country of the Americas, it repaid only (...)
Three Lessons for Latin America

Seven Myths About NAFTA

30 November 2003 - by Alejandro Nadal, Francisco Aguayo, Marcos Chávez

the Bush administration and international financial bodies insisted that the Free Trade Agreement of the Americas (FTAA) was the region’s best economic integration choice, as well as the solution to the development crisis in Latin American and (...)