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7 November


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7 November 2023
EDITO

Global protests in support of the Palestinian people are taking place worldwide while the carnage in Gaza wages on. CADTM stands with the People of Palestine! We call for an immediate ceasefire, for the international community to break the blockade and end the collective punishment that the Palestinian people are suffering. We must bring an end to such apartheid and occupation. CADTM, together with other organisations, supports the filing of an accusation with the International Criminal Court against the whole Israeli government for war crimes and crimes against humanity.

The demands made by the social movements' counter-summit during the IMF/World Bank Annual Meetings in Marrakesh, Morocco, include the total liquidation of these international financial institutions, the necessity of compensatory reparations for historical crimes against humanity, reinforcement of the battle against imperialism, climate justice, microcredit justice, humaine migration policies and food sovereignty, among other issues. The counter-summit's statement, issued collectively by social and climate movements, trade unions, women's organisations, small farmer and indigenous peoples' organisations, non-governmental organisations, and global citizens, calls for an end to the WB and IMF's 79 years of neo colonial exploitation and destruction. In an interview with Benito Pérez, Eric Toussaint speaks about the new debt crisis and the outcomes of the Marrakesh counter-summit.

Balasingham Skanthakumar follows on with a new article in his series about the debt problem in Sri Lanka. The extraordinary popular mobilisation that ensued after Sri Lanka's default in the spring of 2022 led to negotiations between the new government and the IMF. After the population had made significant sacrifices (increased VAT, ending oil and energy subsidies during a period of extraordinary inflation, etc.), an agreement was achieved in March 2023. The author examines the past, the lessons to be drawn from Sri Lanka's experience, and the potential alternatives to the IMF-imposed austerity. Ahilan Kadirgamar addresses the situation of the nation's working class, the involvement of the IMF, and the repressive dictatorship in a different piece.

In an interview with Pierre Rousset, Sushovan Dhar talks about India and the G20 Summit and also the country’s domestic and geopolitical challenges. He highlighted the dangers of fascism, the religious polarisation and the assault on the idea of democracy in the nation that may soon serve as a reference for the rest of the world.

Also read articles on US corporate debt and the economy, BRICS, global crisis and others.

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