Comité pour l'abolition des dettes illégitimes

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Paris Club (The)

This group of lender States was founded in 1956 and specializes in dealing with non-payment by developing countries.

Debt relief & the Paris Club historical perspective | Overview of debt in Africa

19 May 2021 - by Eurodad, Rémi Vilain, Jaime Atienza, Tirivangani Mutazu, Muchimba Siamachoka

The third session of the Debt Wednesday’s training course will introduce the concepts of debt relief, together with an historical perspective of the Paris Club. Participants will give a closer look to the debt situation in Africa. Panelists (...)
Shadow report on the limitations of the G20 Debt Service Suspension Initiative: Draining out the Titanic with a bucket?

3 November 2020 - by Iolanda Fresnillo

Today (14 October 2020) the European Network on Debt and Development (Eurodad) is publishing an update of the report first published in July which outlines the limitations of the G20’s Debt Service Suspension Initiative (DSSI). This includes new (...)
The CADTM denounces the G20’s measures on debt

17 October 2020 - by CADTM International

At the time of the WB-IMF annual assemblies held from 12 to 18 October 2020, the G20 Finance Ministers met on Wednesday 14 October to decide on new debt relief measures for the countries of the South. The G20 proved unable to meet the emergency (...)
6 months after the official announcements of debt cancellation for the countries of the South: Where do we stand?

18 September 2020 - by Milan Rivié

As they were faced with requests for debt cancellation from several heads of state from countries of the South and social movements at the end of March and in early April, international financial institutions and other creditor groups suggested (...)
Publicity stunt, lies and omission on African debt, Macron bets on the Paris Club

7 July 2020 - by Milan Rivié

On 13th and 15th April 2020, French President Emmanuel Macron drew the world’s attention by calling for a “massive cancellation” of Africa’s debt. A few hours later, the G20 disavowed it by decreeing a suspension of payments of the poorest (...)
UNCTAD calls for aid plan and hard tackles creditors

15 May 2020 - by Milan Rivié

The coronavirus pandemic has triggered a real economic crisis whose effects will be as severe as they are long-lasting, even more so in the countries of the South. In recent days, the international financial institutions’ announcements to cancel (...)
New discussion paper shows how IFIs and donors continue to influence economic policies in developing countries

12 October 2016 - by Tiago Stichelmans

Eleven years ago, the international community adopted the Paris Declaration on Aid Effectiveness that led to the adoption of several principles to improve the effectiveness of international aid. Reflecting on the widely criticised fact that (...)
Press Release

Who has been lying : the CADTM or the Paris Club ?

4 June 2016 - by CADTM

On Thursday 2 June 2016, the Committee for the Abolition of Illegitimate Debt (CADTM) issued a press release entitled “The Paris Club will abolish the Greek debt and adopt official statutes” in order to comment a fake press release by the Paris (...)
Press Release

The Paris Club will abolish the Greek debt and adopt official statutes

2 June 2016 - by CADTM

The representatives of the Paris Club met on 27 May 2016 and having consulted the United Nations Independent Expert report on the effects of external debt on the practice of human rights, have decided to abolish the the debt of its biggest (...)
Summary of the 1 March 2016 session at the European Parliament “Restructuring of debt – reconstruction of democracy”

Video: Cephas Lumina: “The Paris Club has no legitimacy”

17 March 2016 - by Cephas Lumina

Several members of the Greek Debt Truth Committee (GDTC) attended the session on 1st March 2016 at the European Parliament in Brussels on the topic “Restructuring of debt – reconstruction of democracy”. The session was organized by Nikolaos (...)
Global Famine

1 June 2008 - by Michel Chossudovsky

Humanity is undergoing in the post-Cold War era an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the World population. National economies are collapsing, unemployment is rampant. Local (...)
You, Argentina, 5 years on...

30 December 2006 - by Eric Toussaint, Damien Millet

Argentina, you have been much talked about since the night of 19 to 20 December 2001 when after three years of economic recession your people went down into the streets to shout their rejection of the neoliberal policies led by Fernando De la (...)
International press

At 50, is the Paris Club a colonial relic ?

3 July 2006 - by Emad Mekay

In a recent statement on the 50th anniversary of the Paris Club, a powerful creditors’ cartel based in France, anti-debt groups described the club’s policies toward borrowing nations as “medieval”. But some say the word “colonial” is equally (...)
Press Release

Committee for the Abolition of Third World Debt calls for the end of the Paris Club

15 May 2006 - by CADTM France

Paris, AFP (France Press Agency) - In a communiqué Monday, the Committee for the Abolition of Third World Debt (CADTM) called for the “absolute suppression” of the Paris Club, a “true institutional anomaly” that celebrates its fiftieth birthday on (...)
What is the Paris Club ?

23 May 2005 - by CADTM

After the Argentine President Juan Domingo Peron was overthrown by a military coup in 1955, the new regime was eager to re-establish the good-will of the creditors. They quickly requested membership to the IMF and the World Bank. This meant (...)
Tsunami: « Paris Club is not generous »

18 January 2005 - by Vincent Slits

Eric Toussaint thinks that the moratorium is far from sufficient and will have negative effects. For the president of the Committee for the Cancellation of the Third World Debt Eric Toussaint, the decision taken by Paris Club creditor (...)