Excellencies,  Good morning. My name is Mae Buenaventura, working with the Asian Peoples’ Movement on Debt and Development and speaking today on behalf of the Civil Society Financing for Development Mechanism.  We note with concern that little/no attention has been given to increasing lending for climate action when there shouldContinue Reading

PRESS RELEASE: April 19, 2024 Activists gathered on the sidelines of the annual meeting of the IMF and World Bank in Washington DC today to demand “deep, wide and urgent debt cancellation” for Global South countries. Demonstrations were also held in the Philippines, Pakistan, Bangladesh, Sri Lanka and Nepal.  “WhileContinue Reading

Public debts at all-time high Burden of debt Illegitimate debts: harmful to people, communities and the plant The consequences of WB projects, coupled with IMF neoliberal policies have been devastating for vulnerable communities in the Global South. Indigenous peoples, rural communities, and marginalized populations have borne the brunt of environmentalContinue Reading