A Critical Moment for A New, Just Global Debt Policy for Ireland
Our TDS are rightly being challenged on the injustice of the people of Ireland repaying bad debts that they had no part in creating.
We must tell our TDs that people in impoverished countries are repaying unjust debts too - and have been for generations. Poverty and exploitation in impoverished countries will not be tackled without global debt and tax justice. Ask your TDs to support:
Cancellation of unjust debts for all impoverished countries that need it and an end to damaging policy conditions attached to IMF and World Bank loans.
Impoverished countries owe trillions of euro in external debt. Much of this debt is for loans that did not benefit the people in those countries. The people have a right to a fresh start. And reckless lenders and borrowers must be held to account if this cycle of unjust debt is to be ended. Policy conditions attached to loans in impoverished countries have often increased unemployment, denied people access to social services, and ruined local industries. A strong commitment to tackling unjust debts and ending damaging policy conditions attached to those loans will help the world's most impoverished people. And it will help establish fairer lending and borrowing standards that support unjustly indebted people everywhere.