The International Debt Observatory is born under the impulse of the Committee for the abolition of the Third World Debt (CADTM) and of the Left-wing Economists (EDI, Argentina) on January 28th, 2005 at the World Social Forum in Porto Alegre, Brazil.
The International Debt Observatory is a tool of exchange of knowledge, analyses and research on the problematic of the debt. Its aim is to provide precise analyses in most domains relating to problematic of the debt as well as a unique statistical database to the individuals and the organizations that study the mechanism of the debt and/or act for an alternative to the domination of the most powerful countries of the North.
Bolivia’s new government took office in January 2006 with a strong mandate for economic reform, and with promises that such reform would both increase economic growth and benefit the poor. Nonetheless an electoral mandate for economic change does not necessarily translate into reform. There are various external pressures, from foreign governments (especially the United States), multi-lateral lending institutions, and other sources that can influence policy. This paper looks at Bolivia’s potential vulnerability to pressures in conjunction with external public debt and debt relief, grants and foreign borrowing, and trade. (Read more on Bolivia’s Challenges).
DILEMMAS AND RISKS OF THE CURRENT ACCOUNT DEFICIT IN THE U.S.A.
“Will US debt lead to a financial crisis?” is the title of a new KAIROS briefing paper on debt and finance issues.This paper is an abriged and updated version of a discussion paper first prepared for the South North Consultation on “Resistance and Alternatives to Debt Domination held in havana last September.The paper discusses the prospects for a global financial crisis caused by the USA’s huge external debts. It discusses some of the implications for Canada as well as how a financial crisis might create conditions for mass defaults or repudiations of illegitimate debts by Southern countries. (See Will US Debt Lead to a Financial Crisis?).
(See also policy briefing paper).