What solutions for the countries of the south crushed by the burden of the debt?
This event is organised by CADTM as part of the CADTM Summer University 2021: Global Crisis, Debt Cancellation for Social Justice
While many countries in the global south were already facing difficulties in 2015, the severe consequences of the Covid-19 pandemic have aggravated their debt situation. Over a third of them are on the verge of defaulting or have already suspended payment on all or part of their debt.
Since March 2020, international institutions have repeated declarations of intent without really taking the measure of the current crisis. Faced with the distress of the populations, it is urgent to act for the cancellation of the debt of the countries of the global suth! But how? Through restructuring or suspension? Through cancellation or repudiation? Through an audit or an international device under the aegis of the UN?
- Juan Pablo Bohoslavsky, UNCTAD
- Ndongo Samba Sylla, Senegalese development economist
- Iolanda Fresnillo, Eurodad
- Omar Aziki, CADTM