Odious Debts

Demands for arbitration mechanism to end odious debts as IMF receives funding boost

Stanley Kwenda
InterPress Service
April 7, 2009

Apparently while the G-20 leaders were agreeing in London last week to quadruple the IMF’s financial capacity to $1 trillion, they had no idea that parliamentarians, intergovernmental representatives and civil society campaigners in Johannesburg were hatching a plan to challenge the massive debts created by IMF lending policies. IPS’s Stanley Kwenda reports on the arbitration mechanism demanded to end the “scourge of debt.”

Read the full story at ipsnews.net [PDFver here]

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Categories: Odious Debts

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