The doctrine of Odious Debt in the context of Africa today
9 November 2022 by Eric Toussaint
Éric Toussaint speaking during the 2nd Conference on African Economic and Monetary Sovereignty
In this slide show presented in Dakar on 26 October 2022 at the 2nd Conference on Economic and Monetary Sovereignty of Africa, Eric Toussaint begins by recalling the definition of odious debt according to the doctrine developed by Alexander Sack, then he lists a series of examples of unilateral repudiations of public debts by sovereign states. From slide 6 onwards, he addresses the current African context by asserting the need to fight for the cancellation of the odious debt claimed from African countries and he concludes with the complementary measures to be taken following a debt suspension/repudiation.
is a historian and political scientist who completed his Ph.D. at the universities of Paris VIII and Liège, is the spokesperson of the CADTM International, and sits on the Scientific Council of ATTAC France.
He is the author of Greece 2015: there was an alternative. London: Resistance Books / IIRE / CADTM, 2020 , Debt System (Haymarket books, Chicago, 2019), Bankocracy (2015); The Life and Crimes of an Exemplary Man (2014); Glance in the Rear View Mirror. Neoliberal Ideology From its Origins to the Present, Haymarket books, Chicago, 2012, etc.
See his bibliography: https://en.wikipedia.org/wiki/%C3%89ric_Toussaint
He co-authored World debt figures 2015 with Pierre Gottiniaux, Daniel Munevar and Antonio Sanabria (2015); and with Damien Millet Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers, Monthly Review Books, New York, 2010. He was the scientific coordinator of the Greek Truth Commission on Public Debt from April 2015 to November 2015.
Other articles in English by Eric Toussaint (605)
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Radio Silence Concerning United States President Franklin Roosevelt’s Repudiation of Debts
28 January, by Eric Toussaint
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The World Bank and IMF have set their sights on East Timor, a state officially born in May 2002
11 January, by Eric Toussaint
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India : debt, banking crisis,...
10 January, by Eric Toussaint , Sushovan Dhar
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Morocco: The protest march on December 4, 2022, and its background
12 December 2022, by Eric Toussaint , Jawad Moustakbal
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When States Start with a “Clean Slate” and Repudiate Debts: Whose Turn Now?
12 December 2022, by Eric Toussaint , Anaïs Carton
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International situation and Illegitimate debt
12 December 2022, by Eric Toussaint
One year after the ’Pandora Papers’, we look back at Éric Toussaint’s testimony before the Ecuadorian National Assembly
Éric Toussaint (CADTM): “The president is outside the law. Guillermo Lasso directly or indirectly owns companies in tax havens”1 November 2022, by Eric Toussaint , Fátima Martín
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The World Bank, Geopolitics and Mal-Development
11 October 2022, by Eric Toussaint , Renaud Duterme
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The “Debt for Climate” campaign interviews Eric Toussaint about the responsibility of private companies and international organisations, such as the IMF and WB, in climate change
5 October 2022, by Eric Toussaint , Debt for climate
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Another look at the debt of Tunisia and Egypt in the 19th century and the colonization of those countries by France and Britain
29 September 2022, by Eric Toussaint
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The Dakar Declaration – Pan-African cooperation & global solidarity
1 February - Collective -
Africa : the unsustainable burden of debt and how to get out of it
9 December 2022 - CADTM -
Who is Financing Fossil Fuel Expansion in Africa?
28 November 2022 - Urgewald -
What African Governments Must Fight for at COP27
25 October 2022 - Africa Climate Justice Collective -
Launch | Right to Say NO Information Pack
23 February 2022 - Womin
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Why the CADTM disputes the “Swapping public debt for climate action" proposal
14 December 2022 - CADTM -
When States Start with a “Clean Slate” and Repudiate Debts: Whose Turn Now?
12 December 2022 - Eric Toussaint, Anaïs Carton -
Gendering the debt crisis: Feminists on Sri Lanka’s financial crisis
13 November 2022 - Bhumika Muchhala, Kanchana N Ruwanpura, Smriti Rao -
Austerity budget accelerates both South Africa’s “Arab Spring” and climate crimes
1 November 2022 - Patrick Bond -
In South Africa, resistance rises to the World Bank’s climate-killing mega-projects
16 October 2022 - Patrick Bond
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The World Bank and IMF have set their sights on East Timor, a state officially born in May 2002
11 January - Eric Toussaint -
Ghana’s default, letter on Sri Lanka calling for debt cancellation and Pakistan doubly victimized
11 January - Iolanda Fresnillo -
South Asia Report : Plight of tea plantation workers and smallholder famers
12 December 2022 - Sushovan Dhar, SAAPE, Sudhir Shrestha, Sivagnanam Prabaharan -
Debt Status in Nepal
9 December 2022 - Sudhir Shrestha -
The debt scenario in India
9 December 2022 - Sushovan Dhar
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