Videos
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Between October 10-17, hundreds upon hundreds around the world stood together for justice & debt cancellation — debt cancellation that is urgently needed for peoples to face the multiple crises.
Between October 10-17, hundreds upon hundreds around the world stood together for justice & debt cancellation — debt cancellation that is urgently needed for peoples to face the multiple crises.
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Right now, 54 countries are in debt crisis. This is not an accident.
For centuries, powerful governments, institutions and corporations have used debt to control and plunder the resources of countries in the global south for their own gain.
But this is often left out of discussions on global south debt.
Instead, the issue is repeatedly presented as technical at best, or the fault of corrupt and inefficient global south governments at worst.
Civil society, communities and organisers are exposing how debt has been used to exploit and extract over the last century. From colonial powers forcing countries into debt at the point of independence, to allowing corporations like BlackRock to continue to make huge profits from debt repayments today, we can’t fight today's debt crisis without understanding its roots.
Lower income country debt is a legacy of colonialism and a tool for those in power to maintain a system of extraction and exploitation.
#DebtJusticeIsRacialJustice
#DebtJusticeIsClimateJustice
#DebtIsExploitation
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Debt Justice are part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet.
Voice over: Tati Garavito
Video: Andy Redwood
Music: Timpani Beat by Nana Kwabena via YouTube Audio Library
Right now, 54 countries are in debt crisis. This is not an accident.
For centuries, powerful governments, institutions and corporations have used debt to control and plunder the resources of countries in the global south for their own gain.
But this is often left out of discussions on global south debt.
Instead, the issue is repeatedly presented as technical at best, or the fault of corrupt and inefficient global south governments at worst.
Civil society, communities and organisers are exposing how debt has been used to exploit and extract over the last century. From colonial powers forcing countries into debt at the point of independence, to allowing corporations like BlackRock to continue to make huge profits from debt repayments today, we can’t fight today's debt crisis without understanding its roots.
Lower income country debt is a legacy of colonialism and a tool for those in power to maintain a system of extraction and exploitation.
#DebtJusticeIsRacialJustice
#DebtJusticeIsClimateJustice
#DebtIsExploitation
--
Debt Justice are part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet.
Voice over: Tati Garavito
Video: Andy Redwood
Music: Timpani Beat by Nana Kwabena via YouTube Audio Library
For centuries, powerful governments, institutions and corporations have used debt to control and plunder the resources of countries in the global south for their own gain.
But this is often left out of discussions on global south debt.
Instead, the issue is repeatedly presented as technical at best, or the fault of corrupt and inefficient global south governments at worst.
Civil society, communities and organisers are exposing how debt has been used to exploit and extract over the last century. From colonial powers forcing countries into debt at the point of independence, to allowing corporations like BlackRock to continue to make huge profits from debt repayments today, we can’t fight today's debt crisis without understanding its roots.
Lower income country debt is a legacy of colonialism and a tool for those in power to maintain a system of extraction and exploitation.
#DebtJusticeIsRacialJustice
#DebtJusticeIsClimateJustice
#DebtIsExploitation
--
Debt Justice are part of a global movement to end unjust debt and the poverty and inequality it perpetuates. Only together can we build a fair economy that serves people and the planet.
Voice over: Tati Garavito
Video: Andy Redwood
Music: Timpani Beat by Nana Kwabena via YouTube Audio Library
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DESCRIPTION
The climate emergency is fuelling the accumulation of debt in countries in the global south. While having contributed very little to it, countries suffering from the impacts of climate change are facing more expensive borrowing costs because of their climate vulnerabilities, and are left with almost no option but to borrow to finance climate mitigation and adaptation, and to fund reconstruction and recovery after a climate extreme event. Furthermore, climate finance, that should respond to the principle of common but differentiated responsibilities, is being delivered mainly through loans and debt creating modalities, putting the financial burden on the shoulders of the global south.
The need to transition globally towards a more sustainable and equitable economy will not be possible without sustainable, responsible, fair and non-debt creating climate finance, as well as finance for transition that does not exacerbate debt vulnerabilities in the global south.
The climate emergency is fuelling the accumulation of debt in countries in the global south. While having contributed very little to it, countries suffering from the impacts of climate change are facing more expensive borrowing costs because of their climate vulnerabilities, and are left with almost no option but to borrow to finance climate mitigation and adaptation, and to fund reconstruction and recovery after a climate extreme event. Furthermore, climate finance, that should respond to the principle of common but differentiated responsibilities, is being delivered mainly through loans and debt creating modalities, putting the financial burden on the shoulders of the global south.
The need to transition globally towards a more sustainable and equitable economy will not be possible without sustainable, responsible, fair and non-debt creating climate finance, as well as finance for transition that does not exacerbate debt vulnerabilities in the global south.
The need to transition globally towards a more sustainable and equitable economy will not be possible without sustainable, responsible, fair and non-debt creating climate finance, as well as finance for transition that does not exacerbate debt vulnerabilities in the global south.
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Organized by the Asian Peoples’ Movement on Debt and Development (APMDD), ActionAid International, Fight Inequality Alliance, Asian Music for Peoples’ Peace and Progress (aMP3), 350.org, and the European Network on Debt and Development (EURODAD), the “Rise to the Beat of Debt Justice” concert-rally brought together more than 300 civil society leaders and activists, performing artists, musicians and private individuals from Asia and the Pacific, Middle East, Africa, Latin America, North America and Europe in solidarity, weaving themes of freedom from hunger, human rights violations, discrimination and catastrophes, and raising the resounding call for Debt Cancellation, and for a just and rights-based response to COVID, for a life of dignity and a gender-just, equitable and sustainable future.
Organized by the Asian Peoples’ Movement on Debt and Development (APMDD), ActionAid International, Fight Inequality Alliance, Asian Music for Peoples’ Peace and Progress (aMP3), 350.org, and the European Network on Debt and Development (EURODAD), the “Rise to the Beat of Debt Justice” concert-rally brought together more than 300 civil society leaders and activists, performing artists, musicians and private individuals from Asia and the Pacific, Middle East, Africa, Latin America, North America and Europe in solidarity, weaving themes of freedom from hunger, human rights violations, discrimination and catastrophes, and raising the resounding call for Debt Cancellation, and for a just and rights-based response to COVID, for a life of dignity and a gender-just, equitable and sustainable future.
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Reject false solutions! We demand debt cancellation NOW!
As the G7 held their annual meeting in the UK last June 2021, APMDD held debt actions in the Philippines, Indonesia, India, Pakistan and Bangladesh to raise anew the global call for debt cancellation. The meeting of G20 finance ministers from July 9-10 only reiterated the G7 positions of promoting limited, temporary and meager debt relief solutions and peddling more debts, while remaining silent on dire conditions in middle-income countries excluded from these schemes. With peoples of the South facing deeper debt burdens in the coming years, without adequate public health support and facing ever-intensifying climate change, debt cancellation grows even more urgent. It is a vital step for peoples’ survival from COVID-19 and the multiple crises.
Reject false solutions! We demand debt cancellation NOW!
As the G7 held their annual meeting in the UK last June 2021, APMDD held debt actions in the Philippines, Indonesia, India, Pakistan and Bangladesh to raise anew the global call for debt cancellation. The meeting of G20 finance ministers from July 9-10 only reiterated the G7 positions of promoting limited, temporary and meager debt relief solutions and peddling more debts, while remaining silent on dire conditions in middle-income countries excluded from these schemes. With peoples of the South facing deeper debt burdens in the coming years, without adequate public health support and facing ever-intensifying climate change, debt cancellation grows even more urgent. It is a vital step for peoples’ survival from COVID-19 and the multiple crises.
As the G7 held their annual meeting in the UK last June 2021, APMDD held debt actions in the Philippines, Indonesia, India, Pakistan and Bangladesh to raise anew the global call for debt cancellation. The meeting of G20 finance ministers from July 9-10 only reiterated the G7 positions of promoting limited, temporary and meager debt relief solutions and peddling more debts, while remaining silent on dire conditions in middle-income countries excluded from these schemes. With peoples of the South facing deeper debt burdens in the coming years, without adequate public health support and facing ever-intensifying climate change, debt cancellation grows even more urgent. It is a vital step for peoples’ survival from COVID-19 and the multiple crises.
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Latindadd’s member organizations join the campaign to demand “the unconditional cancellation of the external debt”.
Latindadd’s member organizations join the campaign to demand “the unconditional cancellation of the external debt”.
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Pacto Ecosocial del Sur
Pacto Ecosocial del Sur
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APMDD Debt Justice Webinar Series
Session 1: Debt Justice, A South Perspective
Last Aug. 11, APMDD kicked off its 3-part webinar series with “Debt Justice, A South Perspective”. APMDD Coordinator Lidy Nacpil and leaders of member-organizations in the Philippines, Indonesia, Pakistan and India laid down the historical and political starting points in understanding the debt problem in Asia, with a view to sharply understanding the current debt landscape. The webinar was joined by 93 participants from 12 countries.
APMDD Debt Justice Webinar Series
Session 1: Debt Justice, A South Perspective
Last Aug. 11, APMDD kicked off its 3-part webinar series with “Debt Justice, A South Perspective”. APMDD Coordinator Lidy Nacpil and leaders of member-organizations in the Philippines, Indonesia, Pakistan and India laid down the historical and political starting points in understanding the debt problem in Asia, with a view to sharply understanding the current debt landscape. The webinar was joined by 93 participants from 12 countries.
Session 1: Debt Justice, A South Perspective
Last Aug. 11, APMDD kicked off its 3-part webinar series with “Debt Justice, A South Perspective”. APMDD Coordinator Lidy Nacpil and leaders of member-organizations in the Philippines, Indonesia, Pakistan and India laid down the historical and political starting points in understanding the debt problem in Asia, with a view to sharply understanding the current debt landscape. The webinar was joined by 93 participants from 12 countries.
