South
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[Video] What solutions for the countries of the South crushed by the burden of the debt ?
20 September 2021 - by Iolanda Fresnillo, Omar Aziki, Ndongo Samba Sylla, Juan Pablo Bohoslavsky, Anaïs Carton
CADTM Summer University 2021: Global Crisis, Debt Cancellation for Social Justice! Thursday 16 September, 6.30-8.30 p.m. - What solutions for the countries of the South crushed by the burden of the debt? With Juan Pablo Bohoslavsky (...) -
The IMF’s announcement of $650 billion in Special Drawing Rights: advertising effect
8 September 2021 - by CADTM, Eric Toussaint, Milan Rivié
Milan Rivié and Éric Toussaint interviewed by the CADTM CADTM: In late August 2021 the IMF announced that it would supply the global economy with US$650 billion to meet urgent needs. This would be achieved through an increase in Special Drawing (...) -
The US Lost in Afghanistan. But US Imperialism Isn’t Going Anywhere
7 September 2021 - by Gilbert Achcar
The United States suffered grave losses in Iraq and Afghanistan, just as it did in Vietnam. But we shouldn’t mistake revisions of US military strategy after calamitous failures for a turn away from US imperialist ambitions. The debacle of the (...) -
BRICS New Development Bank Corruption in South Africa
5 September 2021 - by Patrick Bond
1. Introduction: Raised – and dashed – expectations for the BRICS replacing Western banking In 2013 in Durban, at the heads-of-state summit of the Brazil-Russia-India-China-South Africa (BRICS) bloc, a New Development Bank (NDB) and Contingent (...) -
Earthquakes, storms and colonial debt: The need for debt relief in Haiti
1 September 2021 - by Tess Woolfenden
The Caribbean country of Haiti was hit by a devastating earthquake in which 250,000 lives were lost and 1.5 million were displaced. Just like many other countries in the Caribbean and around the world, Haiti’s crushing debts are hampering its (...) -
China’s role in amplifying Southern Africa’s extreme uneven development
30 June 2021 - by Patrick Bond
Like so many regions of the world, the 14 ‘Southern African Development Community’ countries are grappling with the complex problem of Chinese state and corporate involvement in divergent societies, politics, economies and ecologies. There is (...) -
On Israel’s colonial occupation of Palestine: The final solution without end
24 June 2021 - by Boaventura de Sousa Santos
Yet another ceasefire like so many others before it, in Israel’s colonial occupation of Palestine; yet another death count for the archives of oblivion; yet another occasion to ease the conscience of the international community, especially in (...) -
[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, (...) -
The North’s New Debt Trap for the South
North Africa and the Middle-East: A new wave of debt
26 May 2021 - by Eric Toussaint, Omar Aziki, Milan Rivié
In the first three parts we have observed the evolution of the DCs’ external debt over the last twenty years. The first part shows a dramatic increase of indebtedness, which multiplied by 2.5 with a steep acceleration from 2008 onward. The second (...) -
Solidarity with the Palestinian People
25 May 2021 - by CADTM International
The Israeli colonial aggression on the Gaza Strip lasted 11 days. A ceasefire has now come into effect. This aggression killed over 231 people including at least 65 children and 39 women, and injured more than 1630. It caused the destruction of (...) -
Debt relief & the Paris Club historical perspective | Overview of debt in Africa
19 May 2021 - by Eurodad, Rémi Vilain, Jaime Atienza, Tirivangani Mutazu, Muchimba Siamachoka
The third session of the Debt Wednesday’s training course will introduce the concepts of debt relief, together with an historical perspective of the Paris Club. Participants will give a closer look to the debt situation in Africa. Panelists (...) -
In Chile, the traditional parties collapse
19 May 2021 - by Franck Gaudichaud
Since Sunday night, the Chilean press is piling on the superlatives in its attempt to describe the political earthquake that has shaken the country from the Andes to the Atacama desert to the cold Magallanes region: an electoral shock, the (...) -
The North’s New Debt Trap for the South
An unsustainable burden of debt afflicts the peoples of Sub-Saharan Africa
10 May 2021 - by Eric Toussaint, Milan Rivié
In Sub-Saharan Africa, where health spending and human development levels are in a dramatic state, there is a stronger case than ever for unilateral suspensions of debt payments based on arguments recognized in international law; such as state (...) -
Puerto Rico’s Multi-layered Crisis
5 May 2021 - by Rafael Bernabe
THE RECENT ELECTIONS in Puerto Rico produced some startling results: both a surge in the vote for progressive, including pro-independence, forces and a status plebiscite which has been hailed a “mandate” for statehood. In order to interpret these (...) -
Left in the lurch
Debt and Covid-19 in Ecuador, Kenya, Pakistan, the Philippines and Zambia
3 May 2021 - by Eurodad
This series of articles has been produced by Eurodad in collaboration with our global partners on the implementation of the Debt Service Suspension Initiative (DSSI), complementing and updating the report “Shadow report on the limitations of the (...) -
The North’s New Debt Trap for the South
Latin America and the Caribbean are facing a serious debt crisis
3 May 2021 - by Eric Toussaint, Milan Rivié
In the previous three parts we have observed the evolution of the DCs’ external debt over the last twenty years. The first part shows a dramatic increase of indebtedness, which multiplied by 2.5 with a steep acceleration from 2008 onward. The (...) -
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, (...) -
El Salvador: Groundbreaking Insights into U.S. Cover-Up of El Mozote Massacre
29 April 2021 - by El Faro
A United States military advisor, Sergeant Major Allen Bruce Hazelwood, was on location, and on duty, in December of 1981 as Salvadoran soldiers carried out the El Mozote massacre, slaughtering almost a thousand civilians. This groundbreaking (...) -
The North’s New Debt Trap for the South
Developing countries in the stranglehold of debt
26 April 2021 - by Eric Toussaint, Milan Rivié
The coronavirus pandemic and other aspects of the multidimensional crisis of global capitalism are enough to fully justify suspending debt repayment. Indeed priority must be given to protecting people against ecological, economic and public (...) -
Africa: How France Continues to Dominate Its Former Colonies in Africa
26 April 2021 - by Ndongo Samba Sylla, Fanny Pigeaud, Chris Dite
In France’s former African colonies, imperialist monetary policies from Paris continue to cripple domestic economies and undermine democracy. Colonialism in Africa won’t have meaningfully come to an end until true economic sovereignty is allowed (...) -
Why are Kenyans trolling the IMF?
21 April 2021 - by Ciku Kimeria
Kenya’s economy is struggling, but many believe another loan will only benefit corrupt officials and leave ordinary citizens to pay off the debt. For lack of a better word, Kenyans are currently trolling the International Monetary Fund (IMF). (...) -
The IMF Is Using the Debt Crisis to Hollow Out Pakistan’s Sovereignty
20 April 2021 - by Ammar Ali Jan
Imran Khan’s government came to power in 2018 promising to reorient Pakistan’s economy toward the needs of the population. But faced with a debt crisis it soon dropped its reformist agenda — and now, the International Monetary Fund is pressuring it (...) -
Ecuador: From Rafael Correa to Guillermo Lasso via Lenin Moreno
14 April 2021 - by Eric Toussaint
On 11 April 2021, Guillermo Lasso (52,4%), the right-wing candidate, defeated Andres Arauz, the candidate supported by Rafael Correa and part of the Left, by 52.4% vs 47.6% in the second round of ballots for the presidential election. Lasso was (...) -
Série : Ecuador: Progress and limits of resistance to the policies of the World Bank, the IMF and other creditors
Ecuador’s poisoned loans from the World Bank and the IMF
31 March 2021 - by Eric Toussaint
Ecuador provides an example of a government which officially decided to investigate the process of indebtedness so as to identify illegitimate debt and suspend its repayment. The fact that the government suspended payment of a large part of its (...) -
Sri Lanka’s household debt and the pound of flesh
15 March 2021 - by Amali Wedagedara
The complexity of the agrarian debt problem and the attractiveness of the idea of debt abolition made the cancellation of microfinance debt a popular campaign slogan during the Sri Lankan presidential election in November 2019. Women affected by (...)
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