A guide to collecting, analyzing, and presenting data, to shed
new light on how the global debt crisis impacts people’s rights.
By the Centre for Economic and Social Rights
Tag: debt (page 3 of 3)
Today’s capitalism bears uncomfortable semblance to the Soviet economic system. Three key features I contend, are held in common between the systems. They are:a) central planning
b) the credits, subsidies and protections provided by central banks to failing ‘enterprises’
c) the requisitioning of surpluses and/or the looting of corporate profits and capital gains by powerful apparatchiks/elites.
Read the very interesting article by Ann Pettifor
An increasing number of middle and low income countries are facing crushing economic strains. From Argentina to Pakistan to Zambia, living costs are rising, economic growth is stalling and absolute poverty is increasing. At the same time, governments are finding it staggeringly difficult to find ways to pay the interest and principal on their vast foreign debts.
In classic bureaucratic language, the IMF and the World Bank call these the “debt distressed countries.” The truth is that the economic conditions, and the policies that governments feel forced to impose, are gravely adding to poverty.
Read the article about debt distress
Report reveals the challenges and risks of the growing indebtedness in Global South countries – interesting report by Latindadd
Wealthy Group of Seven (G7) countries owe low- and middle-income countries $13.3 trillion in unpaid aid and funding for climate action, reveals new analysis from Oxfam ahead of the G7 Summit in Hiroshima, Japan.
Despite failing to pay what they owe, G7 countries and their rich bankers are demanding that Global South countries pay $232 million a day in debt repayments through 2028. This money could otherwise be spent on healthcare, education, gender equality and social protection, as well as addressing the impacts of climate change.
G7 owes huge $13 trillion debt to Global South | Oxfam International
Eurodad’s reaction to the IMF/WB spring meetings 2023
As governments converge on Washington for the International Monetary Fund (IMF)-World Bank spring meeting, they are confronted with the daunting prospect that 2023 might be the year that the world will be hit by a developing country debt crisis much like that which took place in the early 1980’s that led to the infamous lost decade in Latin America and Africa. A number of defaults on debt repayments over the last three years have served as the alarm bells for a possibly even bigger implosion.
Read the article by Walden Bello
The Global South is enduring its worst debt crisis in decades. Unless there is immediate relief, any progress made on tackling extreme poverty risks being wiped out.
Read the paper by Grace Blakeley
An overview of different articles on the current situation in the South, different eminent authors:
We may disagree with some arguments in this OECD/Development matters article, but yes, the debt problem needs an urgent solution! And poor countries do indeed need a new start!
© 2026 Global Social Justice
Theme by Anders Noren — Up ↑