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Latin America and the Caribbean are facing a serious debt crisis - Vimarsana News

Latin America and the Caribbean are facing a serious debt crisis

Latin America and the Caribbean are facing a serious debt crisis Part 4 In the previous three parts we have observed the evolution of the DCs’ external debt over the last twenty years. The first part shows a dramatic increase of indebtedness, which multiplied by 2.5 with a steep acceleration from 2008 onward. The second part highlights the main threats on the DCs’ external debt, among which the growing significance of bonds, the evolution of interest rates and the depreciation of their currencies against the US dollar. The third part examines the various factors that lure DCs into the de...

Source: cadtm.org
Full solidarity with the fight of our comrade Omar Radi who is on hunger strike for almost 2 weeks - Vimarsana News

Full solidarity with the fight of our comrade Omar Radi who is on hunger strike for almost 2 weeks

Full solidarity with the fight of our comrade Omar Radi who is on hunger strike for almost 2 weeks 22 April by Omar Radi, investigative journalist and human rights activist, has been on hunger strike since April 9 against his continued detention and to demand his immediate release. His state of health is becoming very critical. This is also the case for Soulaiman Raissouni, a journalist known in Morocco for his articles criticizing the regime, in detention since May 2020. Omar Radi is an opponent of despotism and defends body and soul as the cause of his people and their struggles. H...

Source: cadtm.org
IMF and debt: a new consensus? - Vimarsana News

IMF and debt: a new consensus?

IMF and debt: a new consensus? 16 April by MD Kristalina Georgieva conversation with World Bank’s David Malpass (CC - Flickr - IMF) There is much talk among ‘progressive’ economists that the IMF and the World Bank have turned over a new leaf. Gone are the days of supporting fiscal austerity, demanding that national governments get public debt levels down and insisting on conditions for countries borrowing IMF-WB funds that their governments privatise their state assets, deregulate markets and reduce labour rights. Now after the experience of the unprecedented COVID pandemic sl...

Source: cadtm.org
Sankara case and companions. The trial quickly! ... Blaise Compaoré must be extradited and France must cooperate! - Vimarsana News

Sankara case and companions. The trial quickly! ... Blaise Compaoré must be extradited and France must cooperate!

Sankara case and companions. The trial quickly! ... Blaise Compaoré must be extradited and France must cooperate! 16 April by Press Release The decisions of the pre-trial hearing, published on April 13, 2021, confirm the indictment of the main defendants. The case has now been referred to the Military Tribunal for due process. We demand that Blaise Compaoré be extradited to Burkina Faso and that France make the archives relating to the assassination of Thomas Sankara available to the Burkinabe justice system. The way is thus open to organize the trial. However, no date has been se...

Source: cadtm.org
A grim new year for debt-trapped rural women in Sri Lanka - Vimarsana News

A grim new year for debt-trapped rural women in Sri Lanka

A grim new year for debt-trapped rural women in Sri Lanka 16 April by M. Champa Irangani is in no mood to celebrate ‘Avurudu’, or New Year, the biggest annual festival that Sri Lanka’s majority Sinhalese community observes mid-April, while Tamils celebrate the Tamil New Year around the same time. “ The New Year will dawn only the day our debts are cancelled. Until then we cannot celebrate. Surely not, when so many women have died by suicide under the pressure of microfinance loans,” she says, seated with dozens of affected women who have been observing a ‘satyagraha’ ...

Source: cadtm.org