Development
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Development banks have no business financing agribusiness
19 October 2021 - by Collective
On the eve of an annual gathering of public development banks in Rome, groups from around the world have signed a letter slamming them for bankrolling the expansion of industrial agriculture, environmental destruction and corporate control of (...) -
Credit ratings are punishing poorer countries for investing more in health care during the pandemic
31 August 2021 - by Ramya Vijaya
Economic recovery from the COVID-19 pandemic depends on sustained investment, low-income nations face a major obstacle: their credit ratings. A credit rating, like a credit score, is an assessment of the ability of a borrower – whether it’s a (...) -
APMDD Statement on the 54th 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 (...) -
The Pandemic Papers: Reviews of Covid-19’s impact on debt and development finance
30 April 2021 - by Eurodad
In this compilation of reports and briefings released throughout 2020, we review the impact of the pandemic on debt and development finance. (The CADTM does not necessarily agree with the recommendations and conclusions presented by Eurodad, (...) -
Development banks must be held accountable for their disastrous oil palm plantation investments in the Congo
25 September 2020 - by GRAIN
The remains of assassinated Congolese leader Patrice Lumumba are finally on their way back home from Belgium. But this brings no closure to the anti-colonial struggle he led and was ultimately killed for. Foreign powers continue to loot the (...) -
President Trump’s man elected to head the Inter-American Development Bank (IDB)
17 September 2020 - by Ariela Ruiz Caro
Failures in the region’s coordination have allowed President Trump’s candidate to easily win the election of the IDB presidency despite the violation of the institution’s rules. In an expeditious process, on September 12, Mauricio Claver-Carone (...) -
Donor countries will undermine the integrity of aid if they continue reporting debt relief as ODA
10 July 2020 - by Jan Van de Poel, Nerea Craviotto
Debt relief should not be reported as ODA. In the coming weeks, DAC members need to decide what is most important to them: allowing ODA double counting and inflation to create incentives to reward debt relief or upholding the credibility, (...) -
South/North / Developing Countries/Developed Countries – What is it all about?
11 February 2020 - by CADTM
Lexical choices that are not neutral The terms used to designate the different categories of countries convey the theoretical and political divergences in terms of analysis and strategy. Generally, these divergences are related to the social (...) -
Debt Against the People: an ABC
29 January 2020 - by Eric Toussaint
Introduction Over the last ten years Greece has been a prime example of how a country and a people can be deprived of their liberty through clearly illegitimate debt. Since the 19th century, from Latin America to China, Haiti, Greece, Tunisia, (...) -
The accomplices to austerity are also responsible for human rights violations
21 November 2019 - by Juan Pablo Bohoslavsky
The question is not whether austerity plays a role in violating human rights but how big a role it plays: how much of an impact it has on indicators such as mortality rates, employment, equality, health, housing and levels of violence. (...) -
Illicit financial flows thwart human rights and development in Africa
5 February 2019 - by Imani Countess
The Universal Declaration of Human Rights turned 70 each year; losses that in many countries exceed foreign direct investments and development assistance. Funds that could be used to secure basic economic and social rights, for example the (...) -
With its controversial pension reforms, Russia is looking after its rich
17 December 2018 - by Karine Clément
Prime Minister Dmitry Medvedev announced a drastic reform of Russia’s pension system this June, just as the World Cup began: the retirement age would be increased from 55 to 63 for women and from 60 to 65 for men. Although President Vladimir (...) -
Once upon a time there was a popular government that wanted to do away with the export-oriented extractivist model
22 August 2018 - by Eric Toussaint, Damien Millet
Large popular mobilizations resulted in the creation of self-organized committees in the neighbourhoods, workplaces, universities and several higher education schools; this has led to the constitution of a people’s government. It has just held (...) -
China-Africa relations without Africans’ contributions
28 May 2018 - by Daouda Cissé
The piece relates that, at times, Africans are not invited to debates, conferences and other key platforms on Africa-China relations even though the topic is about Africa’s and Africans’ relations with China and Chinese. Recent discussions and (...) -
Official development assistance at the antipodes of solidarity
6 April 2018 - by Jérôme Duval
On the 11th of April, 2017, at the end of its report , the OECD proudly announced an increase in official development assistance for the past year: “In 2016, net official development assistance ODA) of the member countries of the Development (...) -
Falling BRICS endanger their citizens’ health, starting with South Africa’s Jacob Zuma
21 August 2017 - by Patrick Bond
As he launched, South African President Jacob Zuma must have had mixed feelings. Strife-riven Brazil, Russia, India and China are more risky allies than Zuma reckoned when in 2010 he accepted Beijing’s invitation to join the club. “I was (...) -
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 (...) -
The dark side of infrastructure investment in Africa
12 June 2017 - by Collective
With its Compact with Africa the German G20 presidency is actively promoting private loans and investment as solutions to infrastructure deficiencies on the African continent. The Compact aims at using public resources in order to improve the (...) -
Honest Accounts 2017 - How the world profits from Africa’s wealth
6 June 2017 - by Mark Curtis, Tim Jones
Profiting from Africa’s wealth Africa is rich – in potential mineral wealth, skilled workers, booming new businesses and biodiversity. Its people should thrive, its economies prosper. Yet many people living in Africa’s 47 countries remain trapped (...) -
Beware of the dragon bearing gifts – Chinese loans and investments in the Philippines
1 June 2017 - by Randy David
Following President Duterte’s state visit to China in October 2016, 27 deals have been signed with Chinese state entities and business corporations covering around US$9 billion in loans and US$15 billion in investments. The President proudly (...) -
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 (...) -
ADB in Bangladesh: More Than Four Decades of Pillage & Devastation
8 May 2017 - by Hasan Mehdi
The ADB was established in 1966 at the initiative of UN’s Economic and Social Commission for Asia and Pacific (ESCAP). Two years after the great liberation war of 1971, it started working in Bangladesh. Since then (till 2016) Asian Development (...) -
ADB violates its own safeguard policies in Nepal Hydropower Project
27 April 2017 - by Ratan Bhandari
The 140 MW Tanahu Seti Hydroelectric Project (THP) is located in the Tanahu District of Nepal’s Western Development Region. It is a storage type hydropower project with a capacity of 140 MW. As part of the project, a dam with a height of 140 (...) -
UNCTAD14: A mirage of distorting mirrors
12 September 2016 - by Yash Tandon
People not versed in the complexities of the diplomatic world of distorted mirror images in Geneva or Accra or Nairobi may wonder in awe at the agreements negotiated in their name by their representatives in multilateral forums like UNCTAD. But, (...) -
Poverty in Africa, the unvoiced failures of the World Bank
15 April 2016 - by Salaheddine Lemaizi
A recent report from the World Bank tells us that the number of Africans living in extreme poverty has considerably increased since 1990, rising from 280 million people living on less than $1.25 per day in 1990, to 330 million in 2012. For the (...)
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CADTM
COMMITTEE FOR THE ABOLITION OF ILLEGITIMATE DEBT
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