Private debt
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AI contributes to inflating global debt, already approaching $346 trillion or 310% of GDP
14 February 2026 - by Fátima Martín
Technology companies linked to Artificial Intelligence (AI) are contributing to the inflation of global debt, which is already approaching $346 trillion, or 310% of GDP, according to the International Institute of Finance (IIF) Global Debt (…) -
Thailand election: change or more of the same?
8 February 2026 - by Michael Roberts
The south-east Asian country, Thailand, is holding a general election on Sunday. Of the 72m Thais, 53m are eligible to vote. They will vote for the 500-seat House of Representatives. While 400 seats are filled through constituency races under a (…) -
Too big to fail? Will Trump force taxpayers to bail out AI tech companies?
21 January 2026 - by Fátima Martín
OpenAI is not trying to become “too big to fail” and is not seeking government backing for its debt, the startup’s chief executive, Sam Altman, said in an attempt to calm concerns about a possible public bailout by the Trump administration. (…) -
FCEJ Calls for an End to the Microfinance Menace
17 October 2025 - by Feminist Collective for Economic Justice
The National People’s Party (NPP) marked the completion of its first year in government in September 2025. Sadly, the new government has already lost touch with the realities on the ground. Tilvin Silva, General Secretary of the JVP - the main (…) -
Philippines: Exploitation of the Working Classes through Abusive Microcredit
18 June 2025 - by Eric Toussaint
Across the globe, a considerable portion of the working classes is compelled to borrow at exorbitant rates to cover basic expenses related to daily life and work. This phenomenon has worsened in recent years as neoliberal policies have led to a (…) -
Inclusive Growth or Entrapment? Unpacking the Microfinance Paradox in India
24 May 2025 - by Soumya Sahin
Abstract Microfinance in India emerged with a promise—to democratise credit and empower the poor. But behind the polished rhetoric of “financial inclusion” lies a more complicated truth. This article explores the rise of microfinance not just as (…) -
Rural indebtedness
12 February 2025 - by Julien-François Gerber
INTRODUCTION Rural indebtedness is an old-new question in critical agrarian studies. On one hand, the phenomenon has been discussed for more than a century by Marxist political economists. On the other hand, however, rural indebtedness has never (…) -
The Urgent Need to Better Measure Household Debt
10 January 2025 - by Isabelle Guérin, Timothée Narring , Sébastien Michiels, Arnaud Natal
Sébastien Michiels, Arnaud Natal, Isabelle Guérin and Timothée Narring have authored a paper on household debt in the North and Global South, which CADTM is pleased to publish. The paper looks at the measurement of household debt, the use of (…) -
The unfulfilled promises of microcredit: some new evidence
9 August 2024 - by CADTM, Stéphanie Jacquemont
The student movement in Bangladesh ousted Sheikh Hasina last Monday, August 5, 2024. A new interim government has been formed to restore order, end repression, and hold a fair election to facilitate a democratic transition of power. Nobel (…) -
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 (…) -
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 (…) -
Ten takeaways: The palm oil scheme leaving Indonesian villagers submerged in debt
23 February 2024 - by The Gecko Project
As the palm oil industry swept through Indonesia over the past two decades, it transformed millions of hectares of land into plantations. Much of what was targeted belonged to, or was used by, indigenous and other rural communities. Perhaps (…) -
CADTM South Asia Annual Meeting
Modi’s India is more unequal than ever
23 February 2024 - by Sushovan Dhar, Maxime Perriot, CADTM South Asia
At the CADTM South Asia annual meeting in Kathmandu on February 13 and 14, 2024, Sushovan Dhar took stock of the political, economic, and social situation in India and the challenges facing social movements in a country led by Narendra Modi, one (…) -
Joe Biden Could Cancel Student Debt for Everyone Right Now
29 July 2023 - by Ben Beckett
Earlier this month, the Biden administration automatically discharged student debt for more then 800,000 borrowers. The move shows that, if he wanted to, Joe Biden could cancel debt for everyone else right now. He’s not doing that. Good news: (…) -
The Supreme Court Doesn’t Have the Final Say on Student Debt
21 June 2023 - by Matt Bruenig
If the Supreme Court rules against Joe Biden on student debt, it will be a major blow. But there is a more straight forward path for Biden to unilaterally forgive a lot of student debt. In August of last year, Joe Biden announced that he (…) -
Morocco: The protest march on December 4, 2022, and its background
12 December 2022 - by Eric Toussaint, Jawad Moustakbal
On Sunday, December 4, 2022, a national march was organised in the city of Rabat. It brought together some 3,000 people under the slogan “All together against the high cost of living, oppression, and repression”; it was organised by the national (…) -
History RePPPeated II : Why Public-Private Partnerships are not the solution
5 December 2022 - by Collective, Eurodad, Afrodad, Latindadd, ODG (Observatorio de la Deuda en la Globalización)
As CADTM, we publish this report but our demands on the issue are more radical: we call for an end to all forms of privatisation and to all public-private partnerships. In 2018, our report History RePPPeated – How Public-Private Partnerships (…) -
Colombo Declaration
4 December 2022 - by CADTM, CADTM South Asia
We, the participants of the 9th CADTM South Asia meeting from Bangladesh, India, Nepal, Pakistan, Sri Lanka, as well as from Morocco, Belgium, Spain and France, assembled in Colombo, Sri Lanka, from December 2–4, 2022, reaffirm our fight against (…) -
CADTM South Asia workshop
25 November 2022 - by CADTM
Committee for Abolition if Illegitimate Debt (CADTM) South Asia Law & Society Trust (LST, Sri Lanka) and the Movement for National Land and Agricultural Reform (MONLAR, Sri Lanka) COLOMBO, FRIDAY 02 – SATURDAY 03 DECEMBER 2022 The (…) -
Heavily indebted Humans Deserve Debt Relief (Just as Nations Do)
4 October 2022 - by Jami Hubbard Solli
From Argentina to Zambia, the global news is filled with stories of irresponsible, unsustainable lending to low-income governments which ultimately results in suffering for their own people. Suffering takes the form of austerity measures imposed (…) -
Student Debt Relief Is Undermining the Military’s Predatory Recruiting Practices
3 September 2022 - by Jordan Uhl
The US military has a long history of recruiting poor people by offering benefits like free college. With Joe Biden’s partial student debt forgiveness, GOP war hawks are fretting that the military won’t be able to prey on desperate young (…) -
“Your Debt Is Someone Else’s Asset”: Calls Mount to Cancel Debt & Halt Wealth Transfer to the Rich
16 December 2021 - by Amy Goodman, Astra Taylor , Nermeen Shaikh
As calls grow for Biden to extend the moratorium on student debt, we speak with the Debt Collective’s Astra Taylor and feature her new film for The Intercept, “Your Debt Is Someone Else’s Asset,” animated by artist Molly Crabapple. The $15 (…) -
Submission of the Collective of Women Affected by Microfinance to the UN Special Rapporteur on contemporary forms of slavery
8 December 2021 - by Collective
Debt is the most prevalent source of slavery. In contemporary Sri Lanka, unpayable debt accrued through microfinance loans has been driving exploitation, dispossession, and conditions resembling debt peonage. A chain of high-risk loans disbursed (…) -
Indian farmers script a victory
8 December 2021 - by Sushovan Dhar
Millions of Indians were greeted by pleasant news on 19 November as Narendra Modi, the Indian Prime Minister, announced his government’s intention to repeal the three contentious Farm Bills which were intended to ‘fix’ the country’s ailing (…)
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CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
8 rue Jonfosse
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