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Joint statement for the global week of action on debt and IFIs 2013

Debt payments, tax avoidance and capital flight are impoverishing people to enrich a few. Money is transferred from the global South to the global North, from the marginalised to the powerful, from the 99% to the 1%. This financial system devastates the lives and livelihoods of hundreds of millions of people through the impacts and crises it creates.Predatory and reckless lenders are protected from the impacts of the debt crises they have caused, whilst people who had no say in the loans are ...