An Urgent Call For Debt, Climate And Economic Justice
Communities all over the world are struggling and resisting the impacts of multiple crises. At a time of intensifying climate impacts and speculative increases of food and energy prices, governments, particularly in the Global South, are responding to unsustainable public debts and the lack of development and climate finance, with a rising wave of austerity, subjugation and extractivism.
We vehemently denounce the role of the World Bank (WB) and the International Monetary Fund (IMF) that, together with other private and public lenders, perpetuate a flawed international financial architecture that exacerbates debt, climate, and economic crises, violating the basic needs and rights of millions of people and nature who have the least contribution, responsibility or control over these catastrophes.