A Kampala Initiative webinar on 2 November 2022
13.30-15.00 EAT / 10.30-12.00 UTC

“Currently, 54 countries in the global south are in a debt crisis and the talk often is about debt as a technical or financial issue, the fault of global south governments, or even the ‘generous’ or a necessary form of development finance. However, from colonialism to the present day, debt has been used to exploit, control and plunder the wealth of countries in the global south. While global south governments must choose between investing in healthcare or meeting debt payments, lenders in the global north stand to make huge profits while being able to wield their power as lenders to impose their neo-liberal economic logic onto borrowing nations. Normal people are paying the price, faced with cut public services and other devastating implications of austerity. This is neo-colonialism. Join us as we discuss debt and colonialism on 2 November 2022.”

MMI is happy to be an active member of the Kampala Initiative, also hosting its temporary website.