Global Week of Action for Justice and Debt Cancellation
More than 300 organisations and individuals from 64 countries are calling the IMF and the World Bank for the immediate debt cancellation!
“We stand in solidarity with the millions of people in countless countries who have taken to the streets over recent months to demand an end to debt domination and the destructive policies of the International Monetary Fund (IMF), the World Bank and other global lenders. From 14-16 October, the IMF and World Bank will again hold their annual meetings to advance their neoliberal policy reforms, a typically wasted opportunity to take bolder actions in support of debt-burdened, climate-stricken countries in the Global South. The IMF has consistently imposed these reforms amid debt crises rooted in global inequalities and colonial legacies. The Covid-19 pandemic has highlighted and aggravated these long-evolving failures of our public health, social and economic systems, requiring a deep rethink of the practices and conditionalities of the IMF, which have frequently contributed to these failures. Almost three years since the UN declared COVID-19 a pandemic, the world faces a troublesome outlook, more deeply unjust, unequal and unsustainable than before..”