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nohaelshoky

CADTM - Tunisia: Call for the immediate suspension of debt repayment - 0 views

www.cadtm.org/Tunisia-Call-for-the-immediate

debt loan economy WB IMF Tunisia suspension repayment

shared by nohaelshoky on 12 Apr 12 - No Cached
  • nohaelshoky on 12 Apr 12
     
    Tunisia urgently needs to marshal all of its financial resources to meet immediate needs, including extreme poverty, benefits for the unemployed, improving workers' material conditions, etc. Meanwhile, we're getting reports of foreign initiatives to develop an emergency "aid" package for Tunisia, including 17 million euros from the European Commission and 350,000 euros from the French state.
philip rizk

coalition against third world debt - 0 views

www.cadtm.org/Contacts,338

debt audit tunis

shared by philip rizk on 27 Sep 11 - No Cached
  • philip rizk on 27 Sep 11
     
    "RAID-CADTM Tunisia BP 133 8020 Slimene Tunisia Tel/Fax: 00216 79 325 915 E.mail : fatcham@yahoo.fr"
nohaelshoky

CADTM - Moratorium on Tunisian debt: an urgency for the people of Tunisia - 0 views

www.cadtm.org/Moratorium-on-Tunisian-debt-an

debt audit loan economy Tunisia Moratorium CADTM

shared by nohaelshoky on 12 Apr 12 - No Cached
  • nohaelshoky on 12 Apr 12
     
    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).
nohaelshoky

The Arab Spring and international debt: Tunisia, Egypt and Bahrain's debt to Norway | e... - 0 views

eurodad.org/?p=784725

debt egypt audit loan

shared by nohaelshoky on 09 Apr 12 - No Cached
  • nohaelshoky on 09 Apr 12
     
    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.
philip rizk

CADTM - Debt, Dictatorship, and Democratization - 0 views

www.cadtm.org/Debt-Dictatorship-and

cadtm tunisia egypt world bank

shared by philip rizk on 27 Sep 11 - No Cached
  • transitional justice
  • accountability for the past
philip rizk

Egypt's 'Orderly Transition'? International Aid and the Rush to Structural Adjustment - 0 views

www.jadaliyya.com/...E2%80%99-international-aid-and

aid neoliberalism imf worldbank hanieh

shared by philip rizk on 28 Sep 11 - No Cached
  • a critique of these financial packages needs to be seen as much more than just a further illustration of Western hypocrisy
  • a sustained effort to restrain the revolution within the bounds of an ‘orderly transition’
  • Egypt is, in many ways, shaping up as the perfect laboratory of the so-called post-Washington Consensus, in which a liberal-sounding ‘pro poor’ rhetoric – principally linked to the discourse of democratization – is used to deepen the neoliberal trajectory of the Mubarak-era
  • ...16 more annotations...
  • “As momentous as the current security and political restructuring challenges may be, it is absolutely critical that the transition authorities … place a high priority on deepening and accelerating structural economic reforms … transition and subsequent governments must articulate a credible medium-term reform and stabilization framework … [and] need to focus on creating the legal and institutional environment for fostering entrepreneurship, investment, and market-driven growth.”
  • The IIF went on to bluntly identify this acceleration of structural adjustment as the “context” in which aid to Egypt would be provided
  • designed to ensure greater legitimacy for neoliberalism
  • By limiting democracy to the ‘political’ sphere and expanding the notion of freedom to include ‘markets’, they obfuscate the necessary relations of power within the market, and explicitly block the ability of states to determine the use, ownership and distribution of their economic resources. Democratic control of the economy is thus precluded as a violation of ‘good governance’.
  • In the case of Egypt, the discourse of institutional reform has allowed neoliberal structural adjustment to be presented not just as a technocratic necessity – but as the actual fulfillment of the demands innervating the uprisings
  • emphasized by US and European spokespeople over the last weeks: this was not a revolt against several decades of neoliberalism – but rather a movement against an intrusive state that had obstructed the pursuit of individual self-interest through the market
  • Perhaps the starkest example of this discursive shift was the statement made by World Bank President Robert Zoellick at the opening of a World Bank meeting on the Middle East in mid-April. Referring to Mohammed Bouazizi, the young peddler from a Tunisian market place who set himself on fire and became the catalyst for the uprising in Tunisia, Zoellick remarked “the key point I have also been emphasizing and I emphasized in this speech is that it is not just a question of money. It is a question of policy … keep in mind, the late Mr. Bouazizi was basically driven to burn himself alive because he was harassed with red tape … one starting point is to quit harassing those people and let them have a chance to start some small businesses.”  
  • Western loans act to extract wealth from Egypt’s poor and redistribute it to the richest banks in North America and Europe.
  • Contrary to what has been widely reported in the media, this was not a forgiveness of Egypt’s debt. It is actually a debt-swap – a promise to reduce Egypt’s debt service by $1 billion, provided that money is used in a manner in which the US government approves.
  • dependent upon a continuous stream of new loans in order to service previously accumulated long-term debt
  • A PPP is a means of encouraging the outsourcing of previously state-run utilities and services to private companies
  • “a useful phrase because it avoids the inflammatory effect of “privatization” on those ideologically opposed
  • “The EBRD was created in 1991 to promote democracy and market economy, and the historic developments in Egypt strike a deep chord at this bank."
  • A research institute that tracks the activity of the EBRD, Bank Watch, noted in 2008 that a country cannot achieve top marks in the EBRD assessment without the implementation of PPPs in the water and road sectors.
  • The current Egyptian government has given its open consent to this process
  • “the current transition government remains committed to the open market approach, which Egypt will further pursue at an accelerated rate following upcoming election.”
  • philip rizk on 28 Sep 11
     
    "a critique of these financial packages needs to be seen as much more than just a further illustration of Western hypocrisy"
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