Audit

EUROMEDITERRANEAN MEETING ON DEBT AND AUDITS

by Eurodad

17 March 2012

On Saturday, April 7th an Euromediterranean meeting on debt and audits will be held in Brussels in order to greater knowledge and empower coordinated actions among campaigners. More

GREECE: FOSTERING A STRATEGY TO TACKLE THE CRISIS

by Jorge Marchini

18 February 2012

The publication of the book “ Breaking up? A Route out of the Eurozone Crisis” is of great importance at this so critical moment for Europe. It is immediately apparent the commitment of the authors for not being neutral and distant specialists who write only for connoisseurs. Their work and contributions of exceptional quality respond to the challenges facing today a troubled society that requires with its outcry and mobilization immediate responses and proposals. More

PARLIAMENTARY INQUIRY COMMISSION (CPI) OF THE PUBLIC DEBT IN BRAZIL: MAIN ACHIEVEMENTS SO FAR

by Maria Lucia Fattorelli y Rodrigo Vieira de Ávila

12 April 2010

The Debt CPI has contributed to the discussions on the public debt in Brazil, and to disseminate the diverse and serious illegitimacies that marked the process of the Brazilian debt. The article delves on the achievements of the commission. More

AUGUST 19, 2009 : A HISTORIC DAY FOR BRAZIL

by Auditoria Cidadã da Dívida

3 September 2009

August 19, 2009, was a historic day in the struggle for official auditing of public debt in Brazil, a process already drafted in the Federal Constitution of 1988, and demanded for many years by the Brazilian social movements, especially Auditoria Cidadã da Dívida ("Citizens’ Auditing the Debt"), a campaign that begun after the National Plebiscite about the Debt in 2000, in which more than 6 million Brazilians participated. At 3 p.m. on that day the 16th Plenary meeting of the House of (...) More

USA: BERNARD MADOFF AND THE SEC’S REVOLVING DOOR

by Pam Martens

31 August 2009

The long-awaited investigative report by the Securities and Exchange Commission’s (SEC) Inspector General on how the SEC bungled multiple investigations of Bernard Madoff is set for release this week. More

EUROPEAN SOCIAL ORGANIZATIONS CALL FOR NEXT JUNE 1-3 UNITED NATIONS SUMMIT (G- 192)

by European Cross-Sectoral Network on the Combined Crises

14 May 2009

A call to UN Conference on the World Financial and Economic Crisis and its Impact on Development (1- 3 June 2009), and especially the European leaders attending the event to focus on reforms that directly benefit people and the planet. More

ECUADOR OFFERS TO BUY BACK PUBLIC BONDS AT 70% DISCOUNT

by News Agencies

21 April 2009

Ecuador offered to repay holders of defaulted bonds as little as 30 cents on the dollar. Yhe proposal was launched as a resolution for the 2012 and 2030 Global Bonds More

FINANCIAL CRISIS: SECRECY JURISDICTIONS UNDER PRE-G20 SUMMIT PRESSURE

by Eurodad

20 March 2009

The financial crisis has definitely put tax havens on the spotlight. In the run up to the G20 London summit on 2 April, secrecy jurisdictions are on the front pages of most newspapers More

JUBILEE SOUTH- ACTIVITIES IN WORLD SOCIAL FORUM 2009

by Jubilee South

28 January 2009

Jubilee South will be participating in numerous activities during the coming edition of the World Social Forum in Belém, Brazil, and we invite you to join us!! More

BRAZILIAN PUBLIC DEBT: WHO OWS WHO?

by Gabriel Strautman

30 July 2008

Gabriel Strautman is an economist of the Institute of Alternative Policies for the Southern Cone (PACS), member of the Brazilian Network on Multilateral Financial Institutions and of the Jubilee South Network.
The recent announcement of Brazil’s upgrade to the net external creditor position - when a country’s external assets surpass its liabilities - was very welcome by the Brazilian Government’s financial authorities as a triumph of our economic policy. According to the government, for the (...) More

GOVERNMENTS URGED SPECIAL AUDITS ON FOREIGN DEBT MANAGEMENT

by ANTARA News

20 May 2008

A non-governmental organization urged the government to conduct special audits on the management of Indonesia`s foreign debt in order to ascertain its effectiveness from the viewpoint of the government as its user and the creditors` responsibility.
"The use of foreign debt must be audited comprehensively and transparently so that the public will have an understanding of the government`s rationale in covering state budget deficits with foreign loans," Dani Setiawan, chairman of the Coalition (...) More

ILLEGITIMATE DEBTS AND HUMAN RIGHTS: THE CASE OF ECUADOR-NORWAY

by Centro de Derechos Económicos y Sociales (CDES)

21 December 2006

When we hear that countries should honor the payment of their public foreign debts, we need to ask: Who contracted these debts and how were they used? And, why should we pay them if we derived no benefit from them?
The existing foreign public debt was contracted under financial conditions that are very favorable for the creditors and extremely onerous for the State of Ecuador, creating a vicious cycle within which, although we pay, we end up more and more indebted.
Many creditors, private (...) More

‘OPENING THE BOOKS’: BRAZIL’S EXPERIENCE WITH DEBT AUDITS

by Alessandra Fontana

18 November 2005

Yes, debt audits work! Brazil managed to reduce its foreign debt stock by half after a debt audit initiated by the government of Getúlio Vargas in 1943. As of today, this is one of, if not, ‘the’ most successful experience in terms of achieving actual debt cancellation as a result of an auditing process (see page 06 for an account of the Vargas’ debt audit).
However Brazil has engaged in other audit efforts more recently. It is on these more recent efforts that this report focuses.
Eurodad has (...) More