Private debt
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[VIDEO] FESTIVAL SESSIONS: Growing private debt, vulnerability and inequality in South Asia
7 September 2021 - by Farooq Tariq , Sushovan Dhar, Amali Wedagedara, Nalini Ratnarajah
Presented by: South Asia Alliance for Poverty Eradication (SAAPE), Progressive Plantation Workers Union (PPWU) India, Manitham Trust India, Bangladesh Nari Progati Sangh (BNPS), South Asia Tax and Fiscal Justice Alliance (SATaFJA). Session is (...) -
How Private and Public Debt Crises Exacerbate Housing Problems in the EU
9 June 2021 - by Eric Toussaint, Eva Betavatzi
Abstract The increase in mortgage lending in European countries since the 1990s’ is symptomatic of a political determination to push households into buying rather than renting on the housing market. Banks benefit from this as it allows them not (...) -
Sri Lanka: Microfinance debt trap: Still awaiting reprieve
4 May 2021 - by Maheesha Mudugamuwa
Thousands of innocent villagers, especially in the Northern, Eastern, and North Central Provinces are holding protests to raise a collective cry against the longstanding issues related to the microfinance debt trap that had claimed the lives of (...) -
Interview with Verónica Gago and Luci Cavallero
“Debt Is A War Against Women’s Autonomy”
22 April 2021 - by Verónica Gago, Luci Cavallero, Beatriz Ortiz Martínez
On the occasion of the publication the expanded edition and English translation of A Feminist Reading of Debt, Beatriz Ortiz Martínez, from CADTM, interviewed its authors Verónica Gago and Luci Cavallero, researchers and professors in Buenos (...) -
Call for the Housing Action Day on 27 and 28 March 2021
26 March 2021 - by Collective
The Housing Action Day launched by the European Action Coalition for the right to Housing and the City will take place in 75 European cities! For more information on the mobilisations in Europe: https://housingnotprofit.org/housing-action-day/ (...) -
Sri Lanka’s household debt and the pound of flesh
15 March 2021 - by Amali Wedagedara
The complexity of the agrarian debt problem and the attractiveness of the idea of debt abolition made the cancellation of microfinance debt a popular campaign slogan during the Sri Lankan presidential election in November 2019. Women affected by (...) -
Lessons from a decade of student activism in the UK
6 January 2021 - by Hector Rios-Jara
The pandemic has exposed the disgraceful failures of market reforms in the British higher education sector. But the resistance of students continues. n years ago, tens of thousands of students flooded the streets of London protesting against (...) -
World Bank: Investigate Cambodia’s Micro-Loans
5 January 2021 - by Human Rights Watch
The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These longstanding problems have worsened (...) -
Micro credit : empowerment or victimisation?
10 December 2020 - by Sushovan Dhar, Sankha Subhra Biswas
The pandemic and the ensuing lock-down has hit India like never before. A report by K Chandra Shekhar and Kasif Mansorr from Azim Premji University states “According to the ILO report, in India, more than 400 million informal workers may get (...) -
Sri Lanka: An argument for cancelling the household debt
23 November 2020 - by Amali Wedagedara
Women affected by microloans in Sri Lanka have been mobilising for debt cancellation since a couple of years. The complexity of the agricultural debt problem and the attractiveness of the idea of debt abolition made it a popular campaign slogan (...) -
‘We do not get a chance at happiness’: the Bangladeshi fishermen caught by debt
23 November 2020 - by Rafiqul Islam Montu, Kaamil Ahmed
Hilsa fishermen must borrow to buy equipment but have to sell their catch at a low price to moneylenders – creating a generational debt trap Kalam Sheikh’s life revolves around the few months when he goes in search of Bangladesh’s prized hilsa (...) -
The case for debt abolition: “We cannot afford not to rebel”
21 September 2020 - by Astra Taylor
By turning individual indebtedness into a source of collective leverage, debtors’ unions can exercise material power and coordinate campaigns of resistance. In 2008, around the same time Lehman Brothers collapsed and the mortgage market began (...) -
IIF Private creditor participation proposal: A cure worse than the disease
5 June 2020 - by Daniel Munevar
Following the G20 Debt Service Suspension Initiative (DSSI) announced during the 2020 Spring Meetings, the International Institute of Finance (IIF) has released a template for the voluntary involvement of private creditors in a debt service (...) -
Tackle the Household Debt Pandemic- Cancel Debt! Create Common Credit!
30 May 2020 - by Amali Wedagedara, Ermiza Tegal
The onset of island-wide curfew since mid-March delivered a blow to the economy of working people. Millions of working people lost their jobs, or had wage cuts. Small farmers could not sell their harvest or sell it at a decent price. Fishers (...) -
Argentina
Voluntary Termination of Debt
18 May 2020 - by Verónica Gago, Luci Cavallero
The feminist movement in Argentina, and across Latin America, has gained force and strength in recent years. That movement can be characterized not only by its massiveness in terms of the number of people on the streets, but also for how it has (...) -
Call
Morocco: For the suspension of the payment of micro-finance loans for a period of 6 months, renewable with exemption of all interest
5 April 2020 - by ATTAC/CADTM Morocco
The country has taken the measures announced by the Economic Vigilance Committee to address the impact of the Corona virus pandemic. However, these measures have not yet included micro-finance victims. The professional group of Moroccan banks (...) -
In Sri Lanka, Resistance to Private Indebtedness Is a Strategic Issue
3 March 2020 - by Nathan Legrand
In Sri Lanka, the issue of private indebtedness — in particular in the form of microcredit — is a major problem that negatively affects borrowers and their families, but also society as a whole. The influence of microfinance in Sri Lanka is such (...) -
Debt in Times of Economic Crisis
2 March 2020 - by Ahilan Kadirgamar
Debt relief is now a call at all levels of state and society in Sri Lanka. The Prime Minister recently requested a three-year moratorium on debt repayments to India, the Government earlier announced a debt repayment moratorium of one year for (...) -
MONLAR: Micro credit sharks drove 200 poor borrowers to suicide during last three years
2 March 2020 - by Rathindra Kuruwita
About 200 people had committed suicide, during the last three years or so, as they were unable to pay back the micro-credit loans and many of those organisations had obtained the services of village thugs to recover money Chinthaka Rajapakshe, (...) -
IMF: Inhuman at the micro and macro levels
27 February 2020 - by Eric Toussaint
Hiruni, a fisherman’s wife, who has to manage her household (of five people) with an income of about 2.5 euros (= 500 Sri Lankan rupees) per day, is heavily indebted. In order to increase her household income, she borrowed 50,000 rupees (250 (...) -
Colombo declaration on illegitimate debt
27 February 2020 - by CADTM
We, the participants of the 8th CADTM South Asia meeting from Bangladesh, India, Pakistan, Sri Lanka, as well as from Morocco, Belgium and France assembled at Colombo, Sri Lanka from 18-19 February 2020 resolve to fight against illegitimate debt (...) -
The Microcredit Scam
20 February 2020 - by Nathan Legrand
The following text is a slightly adapted version from a presentation given at the 8th CADTM South Asia workshop (Colombo, Sri Lanka, 18-19 February 2020). Microcredit: A Success Story? In its modern form, microcredit has supposedly been (...) -
The Committee for the Abolition of Illegitimate Debt (CADTM) on private debt and human rights
13 January 2020 - by Chiara Filoni, Eva Betavatzi, Mats Lucia Bayer
This is our contribution to the appeal made by the UN Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, Mr. Juan Pablo Bohoslavsky. Mr. (...) -
How Is The Agrarian Distress In Maharashtra Affecting Women
23 December 2019 - by Manjima Misra
The plight of farm widows remains underreported due to lack of data, dearth of special focus on the gendered dimension of agrarian distress, policy paralysis and apathy of government. Women from suicide affected agricultural households suffer on (...) -
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 (...)
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CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
35 rue Fabry
4000 - Liège- Belgique
00324 226 62 85
info@cadtm.org
