Comité pour l'abolition des dettes illégitimes

Soutenez-nous

South

Puerto Rico must escape the debt trap

30 November 2015 - by Pierre Gottiniaux

Since the end of the 19th century Puerto Rico has been some sort of unacknowledged US colony. Officially its few islands are called a ‘non incorporated territory’ with Commonwealth status, i.e. the status of a sovereign state but with limited (...)
New capitalist domination and imperialism in Africa

9 November 2015 - by Jean Nanga

The decolonization that began in the 1940s was essentially a passage towards neocolonialism, a mutation of the former colonies, a reconfiguration of the mechanisms of domination and exploitation by both the former colonial powers and other (...)
Foreign commercial debt still higher than concessional

18 October 2015 - by Paneetha Ameresekere

Despite the seemingly best efforts by the present regime to limit foreign commercial borrowings, such debt still continued to be higher than concessional debt, data showed. While total foreign debt year-on-year (YoY) declined by Rs 101,939 (...)
The Denial of Minimum Wage should be a Cognizable Offence

11 October 2015 - by Sushovan Dhar

Fulltime trade unionist of the Progressive Plantation Workers’ Union and Executive Council Member of one of India’s youngest national trade union federations, the New Trade Union Initiative, Sushovan Dhar spoke to Ceylon Today about trade unions (...)
Public-private partnerships in Uganda cost the country dearly

28 September 2015 - by Paul Harper

Privatisation of the Ugandan electricity sector, initiated in 1999 as a condition of the debt relief programme, was supposed to mean the end of state support. Yet, by 2013 a special committee of the Ugandan Parliament reported that subsidies (...)
Unlocking the chains of debt: speakers demand creation of parliamentary debt audit commission

28 September 2015 - by The News

Islamabad: Pakistan’s economy has been paralysed by an unpayable and largely unjust debt burden that is preventing the country from reaching its poverty goals and hindering the development of democracy, says a paper launched by Islamic Relief (...)
Labour Law Reforms, Indian Capitalism and the Modi Government

1 September 2015 - by Radical Socialist

This is the second article on the coming all India strike. Here we take a look at the kind of reforms Modi wishes to push though. The first article here From the beginning of the era of globalization in India, one routine yell of the (...)
Make the One Day All-India Strike on 2 September a Huge Success

1 September 2015 - by Radical Socialist

With the electoral victory of the Bharatiya Janata Party, which got a majority in the lower house of Parliament all by itself, a deeply right wing government is well-settled in power. A little over one year after they have come to power, this (...)
Puerto Rico’s Default Is Fine, as Long as Wall Street Is Repaid

17 August 2015 - by Jerome Roos

Why was Puerto Rico allowed to default while Greece was not? Just follow the money: those hit were the poor, while U.S. hedge funds profit once more. On August 1, Puerto Rico defaulted on part of its enormous US$72 billion debt, paying back (...)
Puerto Rico – the USA’s ‘Greece’

27 July 2015 - by Barry Sheppard

The world has been focused on the spectacle of the “troika” of the IMF, the European Commission and the European Central Bank crushing the Greek people. But there are other cases of strong imperialist countries using a “debt crisis” to extract (...)
How Hedge and Vulture Funds Have Exploited Puerto Rico’s Debt Crisis

23 July 2015 - by Ed Morales

For this island teetering on bankruptcy, debt renegotiation is imminent—but on whose terms? New York–born Puerto Rican activist David Galarza spent a recent sultry summer Monday picketing a meeting of bondholders by day and meeting with (...)
Is BRICS a True Alternative?

10 July 2015 - by Patrick Bond

The $100 billion BRICS New Development Bank aimed at providing capital to the developing world isn’t a sufficient alternative argues Patrick Bond. The main point of the BRICS summit this week was host Vladimir Putin’s demonstration of economic (...)
Stop State Irresponsibility Towards Reemerging Social Tensions

9 July 2015 - by ATTAC/CADTM Morocco

Recently Morocco has seen a number of cases of mob violence spontaneously committed by citizens against various targets which include several attacks on subsaharan migrants in Tangier, two young women for wearing skirts in Inzegane, and another (...)
Pakistan takes more external loan

3 July 2015 - by Aftab Alexander Mughal

In what is an indication of the government’s inability to introduce promised reforms and address bureaucratic snags, Pakistan has so far received only $4.3 billion – 57% of its annual projections – in foreign economic assistance. Failure or delay (...)
International Monetary Fund Refuses Nepal Debt Relief

26 June 2015 - by Jubilee USA

Washington DC - International Monetary Fund (IMF) spokesperson Gerry Rice announced Nepal will not receive debt relief from a special IMF trust fund that helps poor countries when they face natural disasters. The IMF’s Catastrophe Containment and (...)
Chili

After 2011, social struggles and constituent process

25 June 2015 - by Franck Gaudichaud, Sergio Grez, Giulia Willig

Sergio Grez, professor of history at the University of Chile (Santiago) and Franck Gaudichaud, lecturer in Latin American Civilization at the University of Grenoble (and currently visiting researcher at the University of Chile), were interviewed (...)
It is our responsibility as world citizens to relieve the FAO’s dreadful conflict

2 June 2015 - by Thomas Pogge

Each year, the UN Food and Agriculture Organization (FAO) published a State of Food Insecurity (SOFI) report. The 2015 report has just come out. In an accompanying letter, the FAO’s Coordinator for Economic and Social Development, Jomo Kwame (...)
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 (...)
“She’s on the horizon...” Eduardo Galeano’s Words Walk the Streets of a Continent

21 April 2015 - by Benjamin Dangl

Tribute to the famous writer died on April 13th 2015 The world lost one of its great writers yesterday. Uruguayan author Eduardo Galeano died at age 74 in Montevideo. He left a magical body of work behind him, and his reach is as wide as his (...)
HSBC India mired in controversies after the Swiss Leaks

24 March 2015 - by Sushovan Dhar

Following the Swiss Leaks implicating HSBC of actively promoting money-laundering and tax-heaven, the bank has hit the global headlines, but for wrong reasons. The trove of secret documents from HSBC Geneva reveals names of account holders and (...)
Bangladesh—A Model of Neoliberalism

16 March 2015 - by Anu Muhammad

In 2006, a few months after the Nobel Peace Prize for Muhammad Yunus and Grameen Bank was announced, I was visiting Germany. Quite understandably, I found nonresident Bangladeshis overwhelmed with joy and pride about the prize. Many Germans, (...)
International Conference Debt, Common Goods and Domination- Resistance and Alternatives towards Well-Being (Buen vivir)

12 March 2015 - by CADTM AYNA

The problems of public debt, dependence and imperialist domination are within the main reasons of impoverishment, inequality and plundering in Latin America and the Caribbean as well as in other regions; especially, when taking into account that (...)
Universal Social Security – A commitment or a trickery?

9 March 2015 - by Sushovan Dhar

The ‘World Social Security Report’, released in 2010, by ILO reported India’s dismal track-record of social security protection for its citizens. It further stated that Indians, especially the poor and the marginalized, suffers from “very high (...)
IMF and World Bank at 70: many happy returns?

3 October 2014 - by Bretton Woods Project

In July, the IMF and World Bank turned 70. Unlike previous anniversaries of their establishment at the Bretton Woods conference in 1944, this milestone passed with relatively little attention or criticism. This reduced interest is presumed by (...)
Territorial Alliances and Emerging-Market Development Banking: A View from Subimperial South Africa

26 August 2014 - by Patrick Bond

Forthcoming in I.Wallerstein, C.Chase-Dunn and C.Suter (Ed), Overcoming Global Inequalities: Political Economy of the World-System Annuals, New York, Paradigm Publishers, 2014. Abstract A new “seat at the world table” is demanded by major (...)