Subjects Archives: Third World Debt

An unsustainable burden of debt afflicts the peoples of Sub-Saharan Africa. Part 5

Originally published: CADTM (Committee for the Abolition of Illegitimate Debt) along with Milan Rivié on May 10, 2021 (more by CADTM (Committee for the Abolition of Illegitimate Debt) along with 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 of necessity and fundamental change of circumstances.
Resistance against the policies imposed by the World Bank, the IMF and other creditors between 2007 and 2011

Originally published: CADTM (Committee for the Abolition of Illegitimate Debt) on April 15, 2021 (more by CADTM (Committee for the Abolition of Illegitimate Debt)) |

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.
Ecuador’s poisoned loans from the World Bank and the IMF

Originally published: CADTM (Committee for the Abolition of Illegitimate Debt) on March 31, 2021 (more by CADTM (Committee for the Abolition of Illegitimate Debt)) |

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.