Group items tagged

"It was particularly relevant then that this morning's sessions, which focussed on lessons for Europe from the global South, looked in some detail as to how the 'Third World debt' crisis had been created and prolonged by all manner of 'bail-out' and restructuring packages. We heard from representatives from Peru, the Philippines, Brazil, Morocco, Argentina, and Zimbabwe (virtually), who showed how their debt crises were used to force detrimental policies on their countries by institutions like the International Monetary Fund, which set back their economies for decades. "

Primarily intended users of the Guide are auditors and supreme audit institutions (SAIs) who possess little or no knowledge and experience of public debt auditing. SAI auditors who are completely new to public debt management auditing are advised to first build their understanding of the subject of public debt before using this guide. One option for this would be study the IDI's training materials on public debt management auditing. Auditors who already possess knowledge of public debt issues or who have experience in public debt auditing can use this guide to scope their public debt management audits and develop their audit work plans.

By the same authorMarie-Christine Vergiat By the same authorGabi Zimmer By the same authorCADTM Press release 4 April 2011 by Marie-Christine Vergiat, Gabi Zimmer, CADTM Press release of Marie-Christine Vergiat (Front de Gauche) and Gabi Zimmer (Die Linke) MEPs and of the CADTM (Committee for the Abolition of the Third World Debt) Following a meeting held in the European parliament in Brussels organised by the CADTM (committee for the Abolition of the Third World Debt) and two MEPs from the GUE-NGL (European United Left-Nordic Green Left), Marie Christine Vergiat (Front de Gauche) and Gaby Zimmer (Die Linke), and several members of the European and national parliaments belonging to different political affiliations, are launching an appeal calling for the immediate suspension of the EU debt repayment by Tunisia (with frozen interests).

Eurodad partners and have released a new report on Tunisia, Egypt and Bahrain's debts to Norway During the winter of 2011 the world witnessed a political earthquake in North Africa and in the Middle East. The Arab spring raised several questions around debt cancellation and especially on debt legitimacy.

"86 percent was used to pay for previously accumulated debt"

PAPER: II. The Rule of Repayment in State and Government Succession III. Definitions of Odious Debt. IV. Odious Debt in the Sources of International Law

"sovereign debt crisis"

"a critique of these financial packages needs to be seen as much more than just a further illustration of Western hypocrisy"

A glance at Egypt's public finances reveals a disturbing fact: the interest that the country pays on its foreign loans is larger than its budget for education, healthcare, and housing combined. Indeed, these debt-service costs alone account for 22 percent of the Egyptian government's total expenditures.

On 31 October, a group of researchers, activists and civil society organizations will launch the Egyptian Debt Audit and Cancellation Campaign in coordination with international actions in Europe and Latin America. The main goal of the campaign is to audit and cancel Egypt's foreign debt that was accumulated under ousted President Hosni Mubarak.

SCAF has not raised Egypt's foreign debt ceiling, so far: Official The IMF may yet ink a $3 billion loan deal with Egypt despite disagreements between the country's military and finance and planning ministries over foreign borrowing, an insider tells Ahram Online Salma Hussein, Thursday 27 Oct 2011 The current visit of an IMF delegation to Cairo could end up yielding a loan agreement, a finance ministry official has told Ahram Online on condition of anonymity.

publication on the process of auditing Irish debt