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[Video] Illegitimate debt and debt audits | Overview of debt in Asia

3 June 2021 - by Eric Toussaint, Iolanda Fresnillo, Eurodad, Daniel Jeong-Dae Lee, Kjetil Abildsnes

Panelists Eric Toussaint, Committee for the Abolition of Illegitimate Debt (CADTM) Daniel Jeong-Dae Lee, United Nations’ Economic and Social Commission for Asia and the Pacific (UNESCAP) Iolanda Fresnillo, Senior Policy and Advocacy Officer, (...)
APMDD Statement on the 54^th Annual Meeting of the Asian Development Bank

6 May 2021 - by APMDD

At this 54th annual meeting of the Board of Governors of the Asian Development Bank, we challenge the leadership and staff of the ADB to reflect seriously on its legacy. For more than five decades, the ADB has left a trail of projects that (...)
Report on the International Situation and the activities of CADTM International since May 2020

1 December 2020 - by Eric Toussaint, CADTM International, Jean Nanga, Christine Vanden Daelen, Sushovan Dhar, Maria Elena Saludas, Omar Aziki, Rémi Vilain

This report was presented by Éric Toussaint at the biannual meetings of CADTM Belgium on Tuesday 17 November 2020. The text was completed in the annexes by an addendum on the action of the coordination of feminist struggles written by Christine (...)
The Bretton Woods Twins in the Era of COVID-19: Time for an Exit Strategy for the Global South?

13 October 2020 - by Focus on the Global South

As they mark their 76th year, the International Monetary Fund and the World Bank have been presented with a grand opportunity, not to save the world, but to salvage their tattered reputation. The Fund enters the annual IMF-World Bank meetings (...)
Covid-19: Asian contrasts and lessons

7 August 2020 - by Pierre Rousset

The evolution of the pandemic is particularly contrasted in Asia where it is much more difficult to compare national situations and policies than in Europe. However, we can try to identify a few lines of reflection, which are necessarily (...)
Unitedly we fight against debt and all other oppressions!

2 February 2020 - by CADTM Asia

A region that was the poster boy of neo-liberal growth and for its emerging middle class is back in news for wrong reasons. The 2018 Global Multidimensional Poverty Index (MPI) by UNDP and the Oxford Poverty and Human Development Initiative (...)
The IMF and World Bank: Aiding and abetting inequality in Asia

10 October 2018 - by Asian Peoples’ Movement on Debt and Development

Despite economic growth, inequality in Asia deepens Fiscal neoliberalism imposed by IFIs continues to exacerbate inequality Civil society renews calls to hold World Bank and IMF to account for their actions Asia continues to draw attention as (...)
Damning testimonies of microcredit abuse

25 April 2018 - by Eric Toussaint, Nathan Legrand

Contrary to what is often claimed, microcredits are not a way out of poverty; on the contrary they most often result in a greater deprivation and humiliation of their victims. On the Indian sub-continent 65 million people have taken on a (...)
Is Pakistan falling into China’s debt trap?

16 April 2018 - by Abdul Khaliq

• Pakistan will have to payback $100 billion to China by 2024 of total investment of $18.5 billion, which China has invested on account of bank loans in 19 early harvest projects, under CPEC. • China has become the biggest lender to Pakistan after (...)
International Women’s Day Declaration, 2018

1 March 2018 - by World March of Women

On the 8th of March2018, International Women’s Day, we from the World March of Women, diverse women from all peoples, races and ages, come together once again to reaffirm that we will keep marching until we are all free from all the oppression (...)
Belt and Road Initiative (BRI) and the Least Developed Countries (LDCs)

18 December 2017 - by Sudhir Shrestha

When Belt and Road Forum (BRF) was held on May 14-15, 2017 in Beijing, four Least Developed Countries (LDCs), namely Cambodia, Ethiopia, Laos and Myanmar, sent their highest level of delegation as their support to the Belt and Road Initiative (...)
A People’s Forum on OBOR and BRICS meets in Hong Kong

6 September 2017 - by Robin Lee

Over the weekend (2nd-3rd September) more than 100 participants met in Hong Kong for a People’s Forum on One Belt, One Road (OBOR) and BRICS. As BRICS leaders begin to meet for their 9th BRICS summit in Xiamen this week and the Hong Kong Trade (...)
The Asian financial crisis: Lessons learned and unlearned

18 August 2017 - by Yilmaz Akyüz

Governments in both mature and emerging economies no doubt draw lessons from financial crises in order to adopt measures to prevent their recurrence. However, it is often the case that such measures are designed to address the root causes of the (...)
Exclusionary growth – Southeast Asian civil society to ASEAN: 50 years of exclusion is enough

14 August 2017 - by InterAksyon.com

MANILA – While officials of ASEAN governments and their dialogue partners met behind closed doors for the ASEAN and East Asia meetings, over 1,000 members of civil society marched Monday to call for an end to what they said had been 50 years of (...)
50 years of ADB : Debt, Destitution, Destruction, Disparity, & Displacement

30 May 2017 - by Sushovan Dhar, Ratan Bhandari, Hasan Mehdi

The Manila based Asian Development Bank (ADB) celebrated its 50th year at Yokohama from May 3-7, 2017 with a great display of extravagance and grandeur. Japan’s Crown Prince, Naruhito while inaugurating the 50th annual meeting emphasised on ADB’s (...)
Concerted efforts in South Asia against debt and microcredit

5 April 2017 - by Renaud Vivien, Sushovan Dhar, Nathan Legrand

CADTM South Asia held a Workshop in Dhaka, Bangladesh from 3-4 March 2017. This international event brought together activists, journalists and members of various organizations from the host country, India and Nepal , actively resisting public (...)
World Bank secretly funding coal explosion in Asia despite President Kim warning, “We are finished”

10 October 2016 - by Bank Information Center

The World Bank Group has secretly funded a coal boom in Asia despite announcing a moratorium on such projects in 2013, according to the results of a new investigation. World Bank President Jim Yong Kim has spoken forcefully about the dangers (...)
The International Context of Global Outrage (in 5 parts)

28 July 2016 - by Eric Toussaint

We publish in a single block a series of articles written by Eric Toussaint [1] late 2011 - early 2012 which deals with the international context of global outrage. The text traces the milestones of the altermondialist movement between the early (...)
PRESS RELEASE, Paris May 4^th, 2016

Nuit Debout International Meeting on May 7^th, 2016, 8^th in Paris

4 May 2016 - by NuitDebout

NUIT DEBOUT INTERNATIONAL MEETING on May 7th & 8th in Paris, Place de la République, and #GLOBALDEBOUT mobilisations worldwide on May 15th, 2016. Together, we are an immense force! Let’s gather together on May 7th & 8th to rise up (...)
Children Suffer as World Bank’s Borrowers Upend Their Lives

9 February 2016 - by Michael Hudson, Jocelyn C. Zuckerman

In the disappearing rainforests of Indonesia, a 9-year-old boy copes with the trauma of eviction. KEY FINDINGS - Over the last decade, projects funded by the World Bank have physically or economically displaced an estimated 3.4 million (...)
Asian alliance calls on UN climate fund to shun HSBC, Crédit Agricole

5 November 2015 - by Jubilee South

Asian alliance calls on UN climate fund to shun HSBC, Crédit Agricole Both banks fund dirty energy, say civil society groups LIVINGSTONE, Zambia, 2 November 2015 – As the last Green Climate Fund board meeting before the Paris climate (...)
Migrating to uncertainty

19 May 2015 - by Sushovan Dhar

Jeeban Puri from Sindhupalchowk district in Nepal, while working as a driver in Damam, Saudi Arabia, wanted to get back home desperately after the recent 7.8-magnitude earthquake which struck Nepal. Reaching his place, he discovered that his (...)
Financial and trade perspectives on external debt with reference to LDCs and India

6 January 2011 - by V. Jacob John

Presented at the CADTM South Asia in Colombo, Sri Lanka, December 9-11, 2010 Introduction Among the Millennium Development Goals (MDG) and targets launched by United Nations since 2000, Goal 8 pertains to develop a ‘Global partnership for (...)
CADTM South Asia meets in Colombo, Sri Lanka

17 December 2010 - by Stéphanie Jacquemont

From 9 to 11 December 2010, a series of activities were attended by delegates of CADTM from Sri Lanka, Pakistan, India and Belgium in Colombo. The monsoon, which usually prevails in this region from May to September, was invited to the party, (...)
2^nd South Asian Workshop on International Financial Institutions and Debt

Bhutan political crisis, Debt scenario and International Financial Institution

15 January 2009 - by Mohan Tamang

Presented by Mohan Tamang, Democratic Youth of Bhutan, 15th Jan 2009