This collective work was carried out in July 2007 at the request of AFRODAD by a team at the CADTM composed of Benoît Bouchat, Virginie de Romanet, Stéphanie Jacquemont, Cécile Lamarque and Eric Toussaint.
It was revised by Myriam Bourgy, Damien Millet and Renaud Vivien.
The English translation was done by Elizabeth Anne, Vicki Briault, Judith Harris and Christine Pagnoulle.
A. Financial and economic crime against human development
B. Rafael correa’s government: towards a sovereign debt policy
C. The doctrine of illegitimate debt
D. The origins of Ecuador’s debts
A. The context
B. Ecuador’s illegitimate debt
C. The non-respect of legal provisions
D. Textbook cases
A. Debts and creditors
B. Objectives and results
A. An unsustainable debt burden imposed by the creditors
B. Economic policies imposed by the creditors
C. The social and economic consequences
A. Moratoria: wasted opportunities
B. Exchanges and rescheduling
C. Debt cancellations
A.Identifying Ecuador’s illegitimate debt as a prelude to political sovereignty
B. The right of governments to determine the illegitimacy of a debt
C. The World Bank and the IMF are legally responsible!
D. Actions by creditors of the North
E. Actions by the United Nations
F. Alternatives defended by social movements and some Latin-American governments against the debt