Health

“Business as usual” at Socfin and Bolloré...

26 May 2020 - by CADTM France, Collective

On 26 and 27 May 2020, the Socfin and Bolloré groups hold their annual general meetings. Socfin, which is 39,7% owned by Bolloré, controls 400,000 ha of oil palm and rubber tree concessions in ten African and Asian countries with the participation of Bolloré. While in Luxembourg and Paris, (...)
Millions forced to choose between hunger or Covid-19

26 May 2020 - by GRAIN

On the eve of May Day 2020, in full coronavirus pandemic, the International Labour Organisation (ILO) released some hair raising statistics. About 1.6 billion workers from the informal sector are in dire straits because of the lockdowns governments have imposed to stop the spread of the virus. (...)
The Corona pandemic and the Struggle for our Peoples’ Resources and Food Sovereignty

22 May 2020 - by Omar Aziki

This is a transcript Omar Aziki’s presentation of the North African Network for Food Sovereignty and was a part of our first webinar in Arabic. North African Network for Food sovereignty Today, it appears that the Coronavirus Pandemic will inadvertently cause humanitarian tragedies of (...)
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 2020 - by Collective

To address the Corona pandemic and its severe consequences: the need to break with the tools of imperialist domination over our peoples: indebtedness and “free trade” agreements The people of North Africa and the Middle East/The Arab region are facing a great ordeal in light of the global (...)
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 their public foreign debt have multiplied. The (...)
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 2020 - by Collective

Editor’s note : We are publishing a letter sent to the IMF and the World Bank by 300 worldwide parliamentarians. In this letter the 300 parliamentarians call for the “complete debt remission of the International Development Association’s (IDA) countries by all the main international financial (...)
The downward journey of stock markets, repurchase of shares and the story of fictitious capital

12 May 2020 - by Sankha Subhra Biswas

A severe crisis has gripped the world financial markets since early March 2020 and needless to say, India has not escaped this onslaught. The Indian stock markets are unable to halt this deep slide. On certain days the markets shows some strength but it keeps falling once again in the next (...)
Cancel the debt so doctors and nurses can keep saving lives

7 May 2020 - by Collective

A call for urgent action to support doctors and nurses on the frontlines of the Coronavirus pandemic. We are all health workers, nurses, doctors. Every day we are on the frontline fighting this virus. Every day we are on the wards, in the emergency rooms. Every day we see first-hand the (...)
The scarring

4 May 2020 - by Michael Roberts

Optimism reigns in global stock markets, particularly in the US. After falling around 30% when the lockdowns to contain COVID-19 virus pandemic were imposed, the US stock market has jumped back 30% in April. Why? Well, for two reasons. The first is that the US Federal Reserve has intervened (...)
President Macron never intended to cancel African debt

4 May 2020 - by Pauline Imbach

Had we been born yesterday, we would have been tempted to believe that the question of African debt was finally going to be taken seriously. Emmanuel Macron, wielding a magic wand, was about to cancel the continent’s debts, once and for all. Yet, like every bad magic trick, you could see how he (...)
Citizen Action is Central to the Global Response to Covid-19

27 April 2020 - by Walden Bello, Isabel Ortiz

NEW YORK and MANILA, 22 April 2020 (IPS) - The coronavirus (COVID-19) pandemic has created an unprecedented human and economic crisis. Governments are taking strong actions, enforcing quarantines to reduce contagion, testing populations, building emergency intensive care units. Governments have (...)
Nepal needs Total Debt Cancellation to face the Covid-19 Crisis

23 April 2020 - by Praman Adhikari

The devastation caused by the coronavirus pandemic is a serious threat which has brought our civilisation and economies at the brink of collapse. The current crisis in every sector of our lives has revealed how weak our system is when it comes to fighting back and containing the spread of the (...)
Cancel the debt

23 April 2020 - by Mustafa Talpur

Last week, the G20 group of rich countries decided to postpone the debt payment that is due to be paid to G20 governments up to the end of 2020 for developing countries. This will help Pakistan free up some resources to tackle the pandemic. However, this is still not a matching response to (...)
“Suspend external debts and apply tax to the wealthy”, is it possible to face the health crisis?

22 April 2020 - by Eric Toussaint

Eric Toussaint, Belgian historian and doctor of Political Sciences from the University of Liège (Belgium), has spent a good part of his life auditing debts from different countries of the world and requesting the suspension of several of them due to their “illegitimate and hateful” character. He (...)
Class Struggle, Environment and the Corona Virus Pandemic

22 April 2020 - by Kunal Chattopadhyay

The Corona virus threat has been declared a pandemic by the World Health Organisation. How not to respond to it from the left is easily seen, by apparently leftist posts circulating in social media (Facebook, WhatsApp, Twitter), which suddenly wake up to how many people die because of hunger, (...)
Covid-19: Likely financial conflagrations to come

21 April 2020 - by Eric Toussaint

The coronavirus pandemic will have lasting and dramatic consequences on people’s living conditions, as graphically described by Adam Hanieh https://www.cadtm.org/This-is-a-Global-Pandemic-Let-s-Treat-it-as-Such. Humans are affected differently depending on their social class, their gender and (...)
As the World Bank Puts Aside Past Wisdom on Public Spending, Will Sri Lanka Pay Heed?

20 April 2020 - by Ahilan Kadirgamar, Devaka Gunawardena

The COVID-19 pandemic is changing the way we think about the world. Even neoliberal global institutions must reckon with the changes. The World Bank’s South Asia Focus Report on the impact of COVID-19 on South Asian economies that was released a week ago marks a major shift in its policy (...)
Covid-19 and debt in the global south: Protecting the most vulnerable in times of crisis III

20 April 2020 - by Daniel Munevar

This is the third part of a blog series covering the impact of Covid-19 on vulnerable countries in the global south. Part 1 analyses the impact of debt burdens on health services. Part 2 discusses how the economic crisis will affect countires in the global south. Part 3 highlights the degree of (...)
Covid-19: stage assessment on the multidimensional crisis and alternative approaches

19 April 2020 - by Eric Toussaint

The health crisis is far from being over. The capitalist system and neoliberal policies have played a fundamental part all through. It is useful to do an assessment of these first months. The present crisis is also an opportunity to realize the necessity of changing the society radically in its (...)
Covid-19 on a debt assault

17 April 2020 - by Eric Toussaint, Christophe Koessler

The Committee for the Abolition of Illegitimate Debt (CADTM) is of the opinion that the limited resources of the countries of the South should be devoted to fight the pandemic rather than reimbursing international creditors. The coronavirus crisis and its cascading economic consequences could (...)
The Covid-19 pandemic evinces the need to cooperate despite political differences

17 April 2020 - by Cuban Ministry of Foreign Affairs

The impact of COVID19 can already be measured and will be assessed in the future by the striking numbers of people infected, the unacceptable numbers of deaths, the unquestionable damages to the world economy, production, trade, employment and personal income of millions of people. It is a (...)
The post-pandemic slump

15 April 2020 - by Michael Roberts

The coronavirus pandemic marks the end of longest US economic expansion on record, and it will feature sharpest economic contraction since WWII. The global economy was facing the worst collapse since the second world war as coronavirus began to strike in March, well before the height of the (...)
We Won’t Pay for Their Crises Anymore!

15 April 2020 - by CADTM Europe

In the midst of the Coronavirus crisis, Mario Draghi stated in the pages of the Financial Times that “whatever it takes” must be done to guarantee the future of the Eurozone. He was reaffirming a principle that has been applied by European policymakers for a long time already: absorb the private (...)
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 2020 - by Collective

SAAPE is concerned about the great danger that COVID-19 pandemic poses in South Asia. The pandemic has already made the lives of the people miserable and woeful. The world is entering in a new phase of history. The pandemic has exposed the ugly face of the neoliberalism which has miserably (...)
CSOs Call to International Creditors of Bangladesh

10 April 2020 - by Collective

We the following Civil Society Organizations (CSOs) from all over the world, are calling on the World Bank (WB), International Monetary Fund (IMF), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and all bilateral, regional and multilateral development financiers of (...)

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