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The world is facing a global #debt crisis, and behind the numbers are billions of people paying the real cost of debt.
Hear their stories and listen to their experiences in the #RealCostofDebt.
⏰Set a reminder: The first story launches on 5 May 🇦🇷
#CancelTheDebt
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Today's @EUCouncil conclusions have poised the #GlobalGateway as *the* blueprint for EU development. While we welcome increased transparency, country ownership & CSO engagement, the reliance on private investment & mutual benefit remains deeply alarming. bit.ly/4xtDjrN
ALT attempting to merge partner-country priorities with the EU’s geostrategic interests is simply rebranding EU corporate self-interest as development cooperation. María José Romero Eurodad
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As the World Cup kicks off, many countries on the pitch face the worst #debt crisis in 35y - trapped by rules that favour lenders.
Let's bring the rules back onside & #TackleUnfairDebt !
🚨Laws to cancel unjust debt
🌐A new debt framework at the #UN to fix the system for good
ALT An image of a red card. Over the top is written: European Union Show them the RED CARD for blocking debt reform at the UN! Between the two sentences are the flags of the 10 EU countries who qualified - Belgium, Austria, Croatia, Czechia, France, Germany, Netherlands, Spain, Portugal
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More & more we're hearing that #aid only makes sense if it also benefits rich countries. This is a hugely problematic rebranding exercise that dresses Global North self-interest up in the language of partnership & serves to further entrench power imbalances.
@civil7official
ALT When self-interest becomes a key condition of cooperation, poverty reduction becomes secondary to the question of what rich countries get in return.
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Eurodad retweeted
Jun 5
Le #C7 se poursuit ! La deuxième session met au cœur des échanges les conditions de financement du développement : services essentiels, action climatique, financement des organisations de la société civile notamment féministes et rôle des populations #autochtones dans les dynamiques de justice sociale et environnementale.
Deux tables rondes ont rythmé les échanges :
→ 𝐂𝐨𝐦𝐛𝐚𝐭𝐭𝐫𝐞 𝐥𝐞𝐬 #𝐢𝐧𝐞́𝐠𝐚𝐥𝐢𝐭𝐞́𝐬 𝐩𝐨𝐮𝐫 𝐬𝐨𝐮𝐭𝐞𝐧𝐢𝐫 𝐥𝐞 𝐝𝐞́𝐯𝐞𝐥𝐨𝐩𝐩𝐞𝐦𝐞𝐧𝐭 𝐡𝐮𝐦𝐚𝐢𝐧
Les échanges ont souligné les conséquences des coupes budgétaires sur les organisations de défense des droits, notamment féministes, dans un contexte de multiplication des crises et de recul des libertés. Les femmes et les filles demeurent les premières touchées par les conflits et les déplacements forcés.
Face à ces défis, les intervenant·es ont plaidé pour des financements plus flexibles, durables et fondés sur la confiance, permettant aux organisations locales et aux communautés concernées de définir et mettre en œuvre leurs propres solutions. Un message fort s'est dégagé : de véritables partenariats se construisent lorsque les décisions sont prises ensemble.
→ 𝐋'𝐚𝐢𝐝𝐞 𝐚𝐮 𝐝𝐞́𝐯𝐞𝐥𝐨𝐩𝐩𝐞𝐦𝐞𝐧𝐭 #𝐀𝐏𝐃, 𝐮𝐧 𝐛𝐢𝐞𝐧 𝐩𝐮𝐛𝐥𝐢𝐜 𝐦𝐨𝐧𝐝𝐢𝐚𝐥 𝐞𝐧 𝐯𝐨𝐢𝐞 𝐝𝐞 𝐝𝐢𝐬𝐩𝐚𝐫𝐢𝐭𝐢𝐨𝐧 ?
Alors que plusieurs pays du G7 réduisent leur APD, les intervenant·es ont alerté sur les conséquences concrètes de ces coupes pour les organisations de la société civile et les populations les plus vulnérables. Un constat partagé : ce n'est pas parce que l'APD recule que les besoins diminuent, bien au contraire.
Les échanges ont également mis en lumière l'émergence d'un nouveau récit selon lequel la coopération au développement ne serait légitime que si elle sert directement les intérêts des pays bailleurs. Face à cette évolution, les participant·es ont appelé à réaffirmer l'APD comme un bien public mondial, à renforcer la redevabilité des engagements pris par les États et à construire des alternatives capables de répondre aux défis actuels.
📣 Dans un contexte de fragmentation croissante, les financements restants doivent prioritairement soutenir les services essentiels et les populations les plus vulnérables.
Merci à Olivia Ngou et @ImpSanteAfrique , Dieynaba N'Diom et @ipbfpananetugri, Hindou Oumarou Ibrahim et Association des Femmes Peules et Peuples Autochtones du Tchad (AFPAT), Lucile Hermant et @GHAFrance , Matthew Simonds et @eurodad, Ida Mc Donnell et @OCDE_fr , Olivier Bruyeron, Blaise Gonda et @FinanceInCommon (FICs), Maé Kurkjian et @ONE_Fr
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A new report by the @OECD shows that loans continue to dominate public #ClimateFinance provided by rich countries - meaning more #debt for countries already facing fiscal distress 👎
Read our blog: eurodad.org/oecd_climate_fin…
#ClimateJustice #DebtJustice #EconomicJustice
ALT "The OECD's recommendations largely align with the ''private sector first'' approach while avoiding more difficult questions about the adequacy, accessibility and concessionality of climate finance flows from developed countries." Blog by Bertha Argueta, Eurodad
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Eurodad retweeted
🌍💸 Can there be climate justice without debt justice?
Join this webinar to explore how sovereign debt, climate finance, and austerity policies are shaping the fight for climate justice.
🗓️ June 4 | 🕔 17:00 CEST
🎙️ Featuring speakers from LATINDADD, Eurodad, and CPDC.
👉 Register here: bit.ly/4a48jVi
#ClimateJustice #DebtJustice #ClimateFinance
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❓Will you be joining us this Thursday to look deeper into the links between #Climate and #DebtJustice?
Register now: eurodad.org/webinar_why_can_…
📹 Watch how the climate emergency and debt crisis is impacting women's lives in the #Philippines youtu.be/YbsnziIwsOk?si=vKsb…
The debt & climate crises are shaping our futures, yet #DebtJustice is often missing from mainstream climate conversations.
Join us on 4 June to learn more about the links between sovereign debt, climate finance, austerity, and #ClimateJustice.
Register: eurodad.org/webinar_why_can_…
ALT Why can there be no climate justice without debt justice? Webinar, 4 June, 5-6pm CEST. Debt and climate breakdown are shaping our futures, yet debt justice is often missing from mainstream climate conversations. This webinar will introduce youth activists and young civil society advocates to the links between sovereign debt, climate finance, austerity, and climate justice. Speakers: Iolanda Fresnillo (Eurodad), Carola Mejia (LATINDADD), Naresa McRwray-Williams (Caribbean Policy Development Centre).
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Next month, @WorldBank's #ClimateChange Action Plan ends - without a clear plan on how the Bank will continue to advance it's climate commitments.
In an open letter, 90 orgs argue that future of the CCAP is a referendum on the credibility of the Bank. eurodad.org/cso_letter_world…
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Eurodad retweeted
#News Lens: 90 civil society organisations call on the @WorldBankGroup to act on the soon to expire Climate Change Action Plan (CCAP) & come up with a clear plan about how to advance its climate commitments👇
bigshiftglobal.org/CSOLetter…
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Eurodad retweeted
🌍 Tax Justice Europe, a regional network of @GA4TJ, held a meeting last week in Berlin.
Tax justice advocates from across Europe came together to discuss:
🇺🇳 Delivering a strong #UNTaxConvention
🌱 Making polluters pay
💸 Taxing the rich
🌐 Making multinationals pay their share
ALT Photo of a group of people with their fists raised.
ALT Photo of a group of people discussing in a roundtable.
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Eurodad retweeted
🔵 There is no #DebtJustice without #ClimateJustice. In the #Philippines, rebuilding from devastating natural disasters adds to the debt burden. The result? The most vulnerable Filipinos are left to fend for themselves.
For the women in Quezon City, this is the #realcostofdebt.
👉bit.ly/4dBTURo
@eurodad @AsianPeoplesMvt
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Eurodad retweeted
May 21
The Philippines is on the frontline of the #debt & #climate crises. The 2️⃣nd #RealCostOfDebt story follows the women of Oriang, who are mobilising against policies prioritising debt repayment over protecting Filipinos from climate change.
Hear more 👉
youtube.com/watch?v=YbsnziIw…
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The Philippines is on the frontline of the #debt & #climate crises.
The 2️⃣nd #RealCostOfDebt story follows the women of Oriang, who are mobilising against policies prioritising debt repayment over protecting Filipinos from climate change.
eurodad.org/debt_story_clima…
@AsianPeoplesMvt
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The debt & climate crises are shaping our futures, yet #DebtJustice is often missing from mainstream climate conversations.
Join us on 4 June to learn more about the links between sovereign debt, climate finance, austerity, and #ClimateJustice.
Register: eurodad.org/webinar_why_can_…
ALT Why can there be no climate justice without debt justice? Webinar, 4 June, 5-6pm CEST. Debt and climate breakdown are shaping our futures, yet debt justice is often missing from mainstream climate conversations. This webinar will introduce youth activists and young civil society advocates to the links between sovereign debt, climate finance, austerity, and climate justice. Speakers: Iolanda Fresnillo (Eurodad), Carola Mejia (LATINDADD), Naresa McRwray-Williams (Caribbean Policy Development Centre).
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The future of #aid is again the subject of debate, & many govs across Europe are arguing for ‘mutual benefit’, which reimagines aid to suit their self-interest over reducing #poverty & increasing global solidarity.
It doesn't have to be like this 👉eurodad.org/aid_is_being_red…
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At the same time, the wider public in the Global North wildly overestimate how much is already being spent on aid, which governments are using to fuel public support for further cuts to already below-target aid budgets.
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ALT People in G7 countries think that nearly one-fifth of GNI is spent on aid. In 2025, it was just 0.26%
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Rich countries are abandoning their commitments and putting lives at risk in the global South.
The future of #aid must rebalance power.
📢Rich countries can't continue to bend the rules in their own self interest.
Read more ▶️ eurodad.org/aid_is_being_red…
/END
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While @IMFNews pushes #Argentina to exploit oil & gas in #VacaMuerta to pay off its #debt, indigenous communities in Patagonia face environmental and social crises. For Aylén, this tunnel vision from Buenos Aires is part of the #RealCostOfDebt.
Hear more 👉eurodad.org/debt_story_democ…
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❓What does the future of #aid look like?
A reset is urgently needed, but while @OECDdev continues to work within a competitive framework, collapse is inevitable.
We don’t have an absence of resources, we have a lack of true partnership. 🧵
cc. @DAC_CSORG, @DACchairOECD
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With the #aid cuts, Europe is cutting ties with the #GlobalSouth. But we need to be building alliances to achieve global stability through #development cooperation.
⚠️There isn’t a lack of money, governments have no excuse not to invest in development.
@globalpolicy
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