What we want is to achieve the abolition of all illegitimate public debts, both in the North and in the South, it is NOT to debate and/or mobilize for the ‘Swapping public debt for climate action proposal’
What we want to achieve is the abolition of all illegitimate public debts, both in the North and the South, it is NOT a debate and/or mobilization on a specific issue or management of debt structure such as the Swapping public debt for climate action proposal.
This initiative, which promotes Swapping public debt for climate action swaps, is currently supported by international financial institutions (IMF IMF
International Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed….
Read the full article at: http://www.cadtm.org/Why-the-CADTM-disputes-the-Swapping-public-debt-for-climate-action-proposal