We continue to witness country after country from the Global South falls victim to the ‘debt trap’ and inability to repay foreign loans.
People in these countries bear the multiple burdens of indirect taxation as governments failing to repay debts and interests to powerful governments pass the responsibility on to unwitting people through indirect taxes, and cuts on subsidies on health and education that further impoverish an already oppressed mass.

This forces governments and people to depend on fossil fuels, resort to regressive social practices and encourage displacements and migrations in search of sustainable life.

This webinar with renowned experts will examine the reasons for the debt and explain how people put pressure to escape these cyclical debt and poverty traps.

Watch the Webinar

Speakers:

– Lidy Nacpil: Asian Peoples’ Movement on Debt and Development (APMDD), Philippines
– Eric Toussaint: Committee for the Abolition of Illegitimate Debt (CADTM), Belgium
– Ahilan Kadirgamar: Senior Sociology Lecturer, University of Jaffna, Sri Lanka