A debt jubilee to tackle the Covid-19 health and economic crisis
International call
9 April by Collective
The International CADTM network agrees to sign despite the fact that we are opposed to asking the IMF to “introduce clear guidelines for deciding when a debt becomes unsustainable, and to abide by its self-imposed rule that it will only lend to states whose debt is deemed unsustainable in the event of default or debt restructuring”.
The CADTM recommends that the IMF and the World Bank should never be trusted and that agreements should never be made with these institutions, which have proven throughout their existence the harmful nature of their actions.
Nevertheless, the CADTM signs the appeal because it is clearly stated that “Borrowing States have the power to stop repaying their debt, and should not incur penalties if they do so. All lenders should therefore agree to the immediate cancellation of payments on debts due in 2020, without accumulation of interest and charges and without penalties.”
Source: Jubilee Debt Campaign
Other articles in English by Collective (55)
- Package of common demands on debt and the need for citizens’ control on finance at European level - Executive summar
3 August, by CADTM , Collective
- Immediate cancellation of South Asian debts!
8 June, by CADTM , Collective
- COVID-19 Time for a Renewed Anti-Debt Movement
29 May, by Collective
- “Business as usual” at Socfin and Bolloré...
26 May, by CADTM France , Collective
- Call of peoples, organizations, movements and networks in North Africa and the Middle East/The Arab region – For the cancellation of debts and dropping of the “free trade” agreements
20 May, by Collective
- Along with Bernie Sanders and Alexandria Ocasio-Cortez, 300 parliamentarians from around the world are writing to the IMF and World Bank to cancel the debt
15 May, by Collective
- Cancel the debt so doctors and nurses can keep saving lives
7 May, by Collective
- SAAPE Call for Rapid Response from the South Asian Governments to Fight the COVID19 Crisis and to build unitedly long-term public health care for South Asians
12 April, by Collective
- CSOs Call to International Creditors of Bangladesh
10 April, by Collective
- COVID-19 pandemic: Statement by the Southern African People’s Solidarity Network (SAPSN)
5 April, by Collective
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Immediate cancellation of South Asian debts!
8 June - CADTM, Collective -
Time For A Renewed Anti-Debt Movement
1 June - Eric Toussaint, Beverly Keene, Lidy B. Nacpil, Dorothy Guerrero -
Nepal needs Total Debt Cancellation to face the Covid-19 Crisis
23 April - Praman Adhikari -
Cancel the debt
23 April - Mustafa Talpur -
CSOs Call to International Creditors of Bangladesh
10 April - Collective
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Covid-19: Asian contrasts and lessons
7 August - Pierre Rousset -
Puerto Rico Faces Crises: Covid, Hurricanes, Earthquakes, Drought
20 July - Dan La Botz -
On the World Economic Crisis
20 July - Eric Toussaint, Dan La Botz -
Agro-imperialism in the time of Covid-19
16 July - GRAIN -
United States of America: Socialism for Big Capital and wild capitalism for the poor
10 July - Eric Toussaint
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Will the G20 cancel the debt of the Southern countries?
17 July - Renaud Vivien -
The Global South Needs More Than Just Debt Relief
10 July - Benjamin Lemoine, Quentin Deforge -
Publicity stunt, lies and omission on African debt, Macron bets on the Paris Club
7 July - Milan Rivié -
How Foreign Debt Undermines Sovereignty: The case of the Global South
1 July - Ndongo Samba Sylla -
The debt trap
1 July - Eric Toussaint
CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
35 rue Fabry
4000 - Liège- Belgique
00324 226 62 85
info@cadtm.org
