As the G7 held their annual meeting in the UK last June 2021, APMDD held debt actions in the Philippines, Indonesia, India, Pakistan and Bangladesh to raise anew the global call for debt cancellation.
The meeting of G20 finance ministers from July 9-10 only reiterated the G7 positions of promoting limited, temporary and meager debt relief solutions and peddling more debts, while remaining silent on dire conditions in middle-income countries excluded from these schemes grows more. With peoples of the South facing deeper debt burdens in the coming years, without adequate public health support and facing ever-intensifying climate change, debt cancellation grows even more. It is a vital step for peoples’ survival from COVID-19 and the multiple crises.