Page 3 - Deuda Externa News Today

India: Proposals against new attempts to privatise state-owned banks 11 March by Public sector banks account for more than two-thirds of the banking market in India. Currently, they are subjected to a systematic smear campaign launched by the reactionary Narendra Modi government, big media including the international press such as the Financial Times. [1] These canards are aimed at accelerating the privatisation drive underway since the 1990s. Critics of the public sector argue that...

8 February by Miriam Lang Ecuador’s third largest city Cuenca, of more than 600.000 inhabitants, has voted clearly against large-scale mining on February 7 th, 2021. According to estimates published on Sunday night, 80% of voters have expressed themselves for water and life, and against mining and extractivism. This referendum has been approved by the Constitutional Court in September 2020, what makes its results binding. While the results of the simultaneous presidential election we...

Neoliberal Authoritarianism in Egypt Yanis Iqbal The whiplash of authoritarianism is being ruthlessly used in Egypt. On January 6, 2021, Ahmed Khalifa, social news editor of Egypt 360 website, was arrested after publishing a series of reports on workers’ legitimate protests. He was falsely charged with joining a terrorist group and spreading fake news, and remains in detention to date. Before his arrest, Khalifa published articles about strikes at the state-owned ElDelta Company for Fertilize...

Evolution of the external debt of developing countries between 2000 and 2019 Part 1 An update of the three part series “A new trap of indebtedness of the South to the North” published in September-October 2020. At the end of the 1990s and the early years of the new millennium, developing countries (DC) were emerging from an unprecedented debt crisis, the “lost decades of development”, which had started in 1982 with Mexico defaulting. Between 1980 and 1999 there had been at least 280 deb...

What are the challenges of World Social Forum 2021 in relation to the global situation? 18 January by   Contents   The challenges of the World Social Forum 2021 are high. In a deep contradictory world situation, it must make it possible to: redefine an alterglobalist proposal corresponding to the new situation; understand the new contradictions of the world system; start from the movements to resist, define the alternatives, build a new emancipation project.  Taking into account a c...

The Macron Doctrine, or the Paris Consensus, pledges to reverse those trends. To fight back against the ills of the financialised economy, Macron offers a three-pillar solution: more Europe, a true Europe-Africa partnership, and coalitions with governments and non-governmental players. Indeed, the Macron Doctrine is notionally post-colonial. It calls for re-inventing the ‘Afro-European Axis’ and puts the onus on Europeans to ‘show that this universalism we uphold is not universalism of t...

World Bank: Investigate Cambodia’s Micro-Loans Coerced Land Sales Linked to Predatory Lending 5 January by Human Rights Watch The World Bank Group should investigate alleged coerced land sales and other rights abuses linked to predatory lending and over-indebtedness in the micro-loan sector, Human Rights Watch said today. These longstanding problems have worsened during the economic crisis resulting from the Covid-19 pandemic. An external report in March 2020, the Microfinance Index ...