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ACTIVISTS from peace group CodePink staged a protest at a meeting of the International Monetary Fund and World Bank, demanding that the bodies “cancel all debts.”
CodePink organisers Olivia DiNucci and Nancy Mancias disrupted the “Debt Restructuring: Why Too Little and Too Late” session on Tuesday at the IMF’s Washington DC headquarters.
CodePink campaign organiser Nancy Mancias said: “The IMF and World Bank are loan sharks trapping countries into debt. We need localisation and ecological sustainability for the people, planet, and peace.
“We are calling on the IMF and World Bank to end its debt trap monetary practices which are causing countries to sink further down into economic crises,” she added. “We are calling on them to cancel all debt.”
The group said: “The path to economic sovereignty for the global South is not through the predatory loans offered by the IMF/World Bank, but instead through reparations of all wealth and resources that have been stolen from countries through colonisation, illegal invasions, occupations, and extraction of oil, gas and coal.”
Ms Mancias said that activists from CodePink joined members of ShutDownDC and Debt for Climate “in the streets” protesting against the IMF and World Bank, demanding that they “decolonise their practice for the people, for the planet, and for peace.”
The CodePink protest came on the same day that the United Nations Development Programme published a paper calling on rich countries to deliver desperately needed debt relief to 54 developing nations that are home to more than half of the poorest people on the planet.
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