Global Action for Debt Cancellation
@debtgwa
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#CancelTheDebt | #StopTheHarm, Reparations Now! | ๐ฃ Global Days of Action Against the IMF-World Bank | 15-27 OCTOBER 2024
Joined September 2020
To #HLPF: without real debt relief, including thru cancelation of illegitimate & unsustainable debts, your call for accelerated action on #SDGs will NOT be met. We need just, democratic rules on borrowing & lending. #CancelTheDebt
#UNDebtConventionNow
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which cost developing countries an unparalleled $1.4 trillion in 2023 alone. The cause is not lost for fairer, democratic rules in lending and borrowing. Support the call for a #UNDebtConvention! #CancelTheDebt
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of 163 deaths per 100,000 live births or more than double the national priority target of 70. (SDG Tracker, Bangladesh). Prioritizing debt service puts lives at risk. We need a#UNDebtConvention to establish fair and democratic rules on lending and borrowing. #CancelTheDebt
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To #HLPF - As Bangladeshโs presents its SDG national review, we note that almost 17% of national revenue went to external debt repayments in 2024, while a mere 3.08% was budgeted for health. Meanwhile, it lags behind in health indicators, such as a maternal mortality rate
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We call on the delegates to #HLPF2025, as you ponder how the $4 trillion++ SDG finance gap will be closed โ we need fairness and democracy in global debt rules, and shift away from IFI and G7 dominated spaces. #UNDebtConvention #LeaveNoOneBehind #CancelTheDebt
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countries stand in the trillions of dollars. But debt service payments eat up funds for the #SDGs and other development needs, while loans continue to be aggressively pushed as climate finance upon the majority of Global South peoples who least contributed to the climate crisis.
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But Global North interests watered down the Sevilla Commitment, in effect rejecting calls to move decision-making on public debt away from lender-dominated processes. Only 5 years to the #SDGs deadline, the development finance challenges to AOSIS and many other Global South
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๐Time and again, we are forced to borrow in the aftermath of crises we did not create, driving us deeper into unsustainable debt. This cycle cannot continue," said the Alliance of Small Island States (AOSIS) in a statement to #FFD4, hoping for bold actions from the Conference.
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To #HLPF: SDG5/Gender Equality faces a $360B annual gap. Not surprising with debt interest payments eating up education, health & social protection budgets in the Global South. Remember the pledge #LeaveNoOneBehind - Women's rights first, not debt service! #CancelTheDebt
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including debt cancellation, to the SDG's annual financing gap of over US$4 trillion. The fight continues for a #UNDebtConvention! @AsianPeoplesMvt
#LeaveNoOneBehind
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#HLPF2025 comes at the heels of #FFD4, where a weakened #CompromisoDeSevilla brought us no closer to addressing massive debt burdens that block fulfilling many #SDGs. Democratizing debt governance would have been a key step towards finding durable solutions,
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End the double-speak and walk the talk @G7! Stop coddling private lenders and peddling false financial solutions. @debtgwa
#CancelTheDebt
#G7Summit2025
#DebtJusticeNow
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๐ขCall them out! #EU, #JAPAN, #UK are effectively opposing #DebtJustice in #FFD4, protecting a system that impoverishes millions in the Global South with burdensome debt. #UNDebtConvention
@GobiernoMX @NorwayUN @NepalUNNY @ZambiaMissionUN
@ZambiaUN
@MexOnu
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โ ๏ธThe #UK and #EU are actually saying NO๐คto democratic debt governance demanded by the Global South, blocking chances for an #FFD4People and hindering urgent action on the DEBT INJUSTICE that the Global South already bears. @debtgwa @NepalUNNY @NorwayUN @ZambiaMissionUN
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๐ขStay the course, no weakening of ambition for bold, meaningful actions that the Global South needs from FFD4! #UNDebtConvention @NepalUNNY @NorwayUN @ZambiaMissionUN @MexOnu @PakistanUN_NY #DebtJustice @debtgwa @cs_ffd @AsianPeoplesMvt
The #EU and #UK are stopping the global south from having a say by blocking UN-led #debt reform in #FfD4 outcome document. ๐ Our press release: https://t.co/Tib8Uclupn
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๐ข๐ช๐ผ๐ฟ๐น๐ฑ ๐๐ฎ๐ป๐ธ ๐ผ๐ป ๐ง๐ฟ๐ถ๐ฎ๐น๐ข Independent People's Tribunal on World Bank/IMF @ 80 Years ๐ ๐ฉ๐ฒ๐ป๐๐ฒ: ๐๐ต๐ฎ๐ฟ๐ฎ๐ ๐ฆ๐ฎ๐ฏ๐ต๐ฎ ๐๐ฎ๐น๐น, ๐ก๐ฒ๐ฎ๐ฟ ๐๐ฒ๐ป๐๐ฟ๐ฎ๐น ๐ ๐ฒ๐๐ฟ๐ผ ๐ฆ๐๐ฎ๐๐ถ๐ผ๐ป ๐๐ฎ๐๐ฒ ๐ก๐ผ ๐ฑ, ๐๐ผ๐น๐ธ๐ฎ๐๐ฎ ๐
๐๐ฎ๐๐ฒ: ๐๐ฒ๐ฐ๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ณ, ๐ฎ๐ฌ๐ฎ๐ฐ
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We demand trillions in finance as grants, NOT loans. Rich countries must #PayUp! ๐ข #COP29
#CancelTheDebt
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