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Erlassjahr (Jubilee Germany), Jubilee Debt Campaign and Eurodad jointly call on IMF Managing Director Christine Lagarde to declare an immediate debt moratorium for Antigua and Barbuda in the wake of the devastation caused by Hurricane Irma. Read the full ...

blog
First as tragedy, now as farce: lessons from 12 August 1982

Mark Perera

12 Aug 2017 08:47:36

As the saying goes, history repeats itself because no one was listening the first time. This month marks the 35th anniversary of an event that sparked a debt crisis across the developing world. It was a crisis triggered by low interest rates in the Global North, a reckless boom in lending and borrowing to Southern countries over-reliant on commodity exports, and a fall in the price of those same commodities. Sound familiar? The parallels with today’s developing world debt crisis are stark, and looking back at how the 1980s crisis arose and how it was dealt with, there are worrying signs that very little has been learned despite repeated calls by Eurodad and other civil society organisations for a comprehensive, UN-backed debt workout mechanism. A crisis begins On 12 August 1982, Mexican ...

blog
Economic reform must not be an excuse for undermining human rights

Mark Perera

31 Jul 2017 16:37:51

Earlier this year, the UN Human Rights Council asked the Independent Expert on debt and human rights to develop guiding principles on human rights impact assessments (HRIAs) for economic reform policies. These principles will aim to provide states and international financial institutions, in particular, with guidance on how to identify the harmful impacts of structural adjustment and austerity measures. Equipped with the findings from HRIAs, decision-makers should take action to prioritise their obligations under international law and safeguard human rights. Now Eurodad has written to the Independent Expert setting out its views on what the key elements of these HRIAs should be, in order to guarantee they put the needs of citizens at the forefront of relevant economic decision-making. Looming ...

blog
Eurodad International Conference 2017: Alternative Policies for a Sustainable World

Eurodad

14 Jul 2017 10:22:47

Nearly 200 people from all over the world participated in the highly successful #EurodadAlternatives17 conference in Den Haag. All the presentations, photos, videos and live-streamed plenary sessions are now available. 

blog
Hamburg summit: the end of the G20’s days as a “premier forum for international economic cooperation”?

Jesse Griffiths

11 Jul 2017 16:59:06

The strangest aspect of the G20 communiqué, and the part that has dominated media coverage, is the section on the Paris climate agreement.  The strangeness arises not because of the topic – the G20 has always played second fiddle to the UN on climate issues – but because, for the first time, a whole paragraph is devoted solely to one member, the USA, explaining why it doesn’t agree with the others, followed by a paragraph by the others explaining why they will go ahead without the USA anyway, including through agreeing a “G19” action plan on energy and climate for growth.   The climate change issue is a jarring symbol of the G20’s difficulty in reaching agreement. However, the Trump administration’s ‘America first’ stance and resulting lack ...
The European Parliament voted today to strengthen rules on tax transparency for multinational corporations, but included a significant loophole which could undermine the efforts to stop multinational corporations from hiding profits in tax havens. While ...
As world leaders prepare for the G20 Summit in Germany later this week, plans for new financing initiatives for Africa have been put in doubt by a US$2 bn loan scandal in Mozambique. The German G20 Presidency intends to use the summit to promote the ...