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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 12/10/2026

What is #TheRealCostofDebt? 🏥 It’s raiding health & education budgets to make repayments ❌ It’s harsh austerity measures forcing up the cost of living 🪧It’s activists being criminalised when they say 'enough is enough' Explore the systemic drivers behind the stories👉 www.eurodad.org/the_real_cos...

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Bretton Woods Project @brettonwoodsproject.org · 13/10/2026

In a time when the World Bank is pushing further towards private capital mobilisation, our colleagues from @eurodadnews.bsky.social have published this very timely report on the Bank's failed Billions to Trillions agenda👇

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 13/10/2026

New report: The failed Billions to Trillions experiment: What comes next? A decade on, the World Bank’s promise to unlock trillions in private finance has fallen short. It's time for Global South-led, rights-based development finance. 🌍 Read the report: www.eurodad.org/the_failed_b...

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 08/10/2026

💰🌍 Want to fix the global economy? Start with the IMF and World Bank! 🔧 Our new toolkit is for activists who want to better understand, engage with, and challenge the Bretton Woods Institutions. 💪 Download it here: www.eurodad.org/who_holds_th... #IMFNews #WBGNews

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Iolanda Fresnillo @ifresnillo.bsky.social · 29/09/2026

A new "The Real Cost of Debt" story brings us to Madagascar. Dina shares about the impacts of debt, extractivism and climate change in this African country. Please share it!!! 👇

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Iolanda Fresnillo @ifresnillo.bsky.social · 15/09/2026

⚠️ Do not miss this new hashtag#RealCostofDebt story!!! 🧐 From a rice and lentil traditional dish hashtag#Koshary to debt and inflation - how economic policies that prioritise creditors impact the daily lives and girls and women survival in hashtag#Egypt 👇

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 14/09/2026

Today, the #IMF board will meet to discuss the outcome of its Review of Program Design and Conditionality. Eurodad, & more than 130 CSOs around the world, have sent an open letter warning against a return to frontloading austerity in IMF programmes. Read in full 🔗 www.eurodad.org/global_civil...

The answer to unsustainable debt burdens must not be more of the same failed austerity and liberalisation policies.

Iolanda Fresnillo
Eurodad

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 21/05/2026

The Philippines is on the frontline of the #debt & #climate crises. The 2️⃣nd of our #RealCostOfDebt series follows the women of Oriang, who are mobilising against policies that prioritise debt repayment over protecting Filipinos from climate change. www.eurodad.org/debt_story_c... #EraOfJustice

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 06/05/2026

What happens to democracy, when #debt repayments dictate government spending❓ Creditors’ interests are prioritised over the human rights of citizens❗ In #Argentina, Aylén's traditional land are under threat from #FossilFuel exploitation. More 👉 www.eurodad.org/debt_story_d... #RealCostOfDebt

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Iolanda Fresnillo @ifresnillo.bsky.social · 30/04/2026

More coming up next week! Help us spread the word on #RealCostOfDebt #CancelTheDebt 👇

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 16/04/2026

The war in Iran & Lebanon is leading to #FoodInsecurity, #EnergyCuts and a worsening #DebtCrisis in the Global South. 6️⃣5️⃣CSOs are demanding to * #StopTheWar * Grant finance * #CancelTheDebt * Suspend IMF surcharges! More 👉 www.eurodad.org/_stop_the_wa...

* Stop wars of aggression against Iran and the MENA region.
* Support countries with unconditional non-debt creating finance.
* Suspend all debt payments to all lenders.
* Unconditionally cancel all unsustainable debts.
* Suspend the IMF surcharges.
* New Special Drawing Rights (SDR) allocation
* Overhaul the international multilateral system to make it truly inclusive and rights-based.
* Establish an automatic debt payments cancellation mechanism in parallel to a multilateral debt resolution mechanism and within a UN Framework Convention on Sovereign Debt

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Reposted by Iolanda Fresnillo

Debt Justice @debtjustice.bsky.social · 11/03/2026

Over 1,000 lives have already been lost since the US and Israel’s attack on #Iran. Alongside immense human suffering, the war is already having huge economic consequences that extend far beyond the region. A 🧵 on the impacts, and what could happen to countries in debt if the situation continues

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Observatori del Deute en la Globalització @observatoriodg.bsky.social · 10/02/2026

💰 Pot ser una eina legal que els estats membres tradueixin a lleis nacionals per controlar el poder corporatiu. Un poder que des dels anys 90 opera sense llei ni restriccions a escala internacional, explica @ifresnillo.bsky.social d'@eurodadnews.bsky.social. #MakePollutersPay #EraOfJustice

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Observatori ODG @odg.mastodon.social.ap.brid.gy · 10/02/2026

💰 Pot ser una eina legal que els estats membres tradueixin a lleis nacionals per controlar el poder corporatiu. Un poder que des dels anys 90 opera sense llei ni restriccions a escala internacional, explica @ifresnillo.bsky.social des de @eurodadnews.bsky.social. #MakePollutersPay #EraOfJustice

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Reposted by Iolanda Fresnillo

Jesse Griffiths @jesselgriffiths.bsky.social · 02/02/2026

This new UN report is truly shocking: globally, THIRTY TIMES as much finance flows to nature-destroying activities as to nature-supporting activities. Finance directly harmful to nature reached $7.3 trillion, while investments in nature-based solutions were only $0.22 trillion in 2023.

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DAWN @dawnmenaorg.bsky.social · 02/02/2026

"In a letter to state and local officials, the human rights organization DAWN warned on Friday that any investment in Israeli sovereign debt by New York City would violate local and international law ... Israeli bonds have emerged as a crucial source of funding for the Israeli government."

theintercept.com

Zohran Mamdani Wants NYC to Divest From Israel — But New Comptroller Pledges to Buy War Bonds

New York City Mayor Zohran Mamdani opposes the investments, but City Comptroller Mark Levine has pledged to invest in Israeli sovereign debt.

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Reposted by Iolanda Fresnillo

Debt Justice @debtjustice.bsky.social · 03/02/2026

“Official creditors were right to reject the deal with bondholders, which would have forced the people of Ethiopia to pay far too much, putting essential public services at risk,” said Heidi Chow, executive director of Debt Justice www.ft.com/content/d7cb...

ft.com

Bondholders prepare to sue Ethiopia over $1bn debt default

Private-sector lenders say official creditors led by China and France have ‘unreasonably’ blocked a deal

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Iolanda Fresnillo @ifresnillo.bsky.social · 03/02/2026

This is precisely why we need debt legislation in key jurisdictions like the UK and New York, and why we need a broader process to reform the debt architecture, including debt resolution rules and restructuring mechanism ... this is through a UN framework convention on sovereign debt!

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Reposted by Iolanda Fresnillo

Oxfam EU @oxfameu.bsky.social · 19/01/2026

‼️ Billionaire wealth jumps three times faster in 2025 to highest peak ever, sparking dangerous political inequality. Read Oxfam's new report ahead of #Davos 🔗 www.oxfam.org/en/press-rel... #RuleOfTheRich #FightInequality #TaxTheSuperRich #WEF26

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Debt Justice @debtjustice.bsky.social · 19/01/2026

Financial giant #BlackRock has made BILLIONS from countries in debt crisis 💸 At #Davos this week, they’re joining fellow billionaires to discuss “bold, collective action” in today’s economy. BlackRock we can tell you what bold action looks like. #CanceltheDebt now! #CancelDebtChooseHope

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Reposted by Iolanda Fresnillo

Jason Hickel @jasonhickel.bsky.social · 03/01/2026

Over and over the US inflicts obscene violence against the global South, in flagrant violation of international law, to maintain the conditions for capital accumulation for its decadent billionaire class. It's disgusting and intolerable. We cannot continue to accept this.

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Reposted by Iolanda Fresnillo

Raimundo Viejo @simbiosis.bsky.social · 03/01/2026

Lo que viene…

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Iolanda Fresnillo @ifresnillo.bsky.social · 17/12/2025

This is what happens without a rules-based debt restructuring mechanism. As Sankara said: Lenders "gambled as if in a casino. As long as they had gains, there was no debate. But now that they suffer losses, they demand repayment. They played, they lost, that’s the rule of the game, and life goes on"

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 05/12/2025

Despite its rhetoric, the #EU is undermining multilateral processes aiming to democratise & improve global economic governance. This hypocrisy was evident last week when it again opposed a UN intergovernmental process on #debt architecture. Read our OpEd: euobserver.com/eu-and-the-w...

"It appears the EU is reluctant to embrace multilateralism when real decisions are at stake, yet eager to participate in symbolic side-shows ." - Iolanda Fresnillo, Eurodad

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European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 17/11/2025

Will #COP30 be remembered as the COP of uncomfortable truths❓ "At the heart of the negotiations is the gap between ambition and the provision of public #ClimateFinance to the Global South." Read a blog by our #ClimateJustice expert Bertha Argueta ➡️ www.eurodad.org/truth_tensio...

A group of Indigenous Peoples stands in a line on a street outside a fenced conference venue marked with United Nations and COP30 Brasil Amazonia signage. Behind the fence, security personnel are visible, and crowds gather further down the road.

A diverse group of people stand together indoors in front of a large banner reading “BAM! Belém Action Mechanism for a Global Just Transition.” Several hold a red banner that says “People Power, Just Transition.” In front of them is a table covered with a cloth that reads “A seat at the table to put food on the table — Just Transition in Agriculture,” with fruits and props arranged on top. A colorful floor banner in the foreground reads “Just Transition Rising.” One speaker addresses the group with a microphone.

A diverse group of women stand together outdoors in front of a large purple banner reading “Feminists demand climate justice” and a smaller one "No to mining".

A large group of demonstrators marches down a city street holding banners and flags. The front banner reads “Que os ricos paguem pela crise ambiental” (“Let the rich pay for the environmental crisis”).

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 24/11/2025

The #G20 "paralysis is structural." With the South African Presidency ending last weekend, the G20 has once again failed to deliver solutions to the debt crisis. It is time to look to the United Nations for a #debt architecture reform. Read the oped: www.ipsnews.net/2025/11/the-... @ipsnews.net

"While it attempts to appear to be inclusive, the problem with the G20 is that it is not a truly multilateral and democratic institution, but an informal exclusive forum for dialogue among competing powers." OpEd by Iolanda Fresnillo (Eurodad) and Theophilus Jong Yungong (AFRODAD).

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Iolanda Fresnillo @ifresnillo.bsky.social · 16/10/2025

We reiterate, reaffirm, remain commited, continue to support ... many ways for @g20org.bsky.social to say 'nothing changes in the broken debt architecture' The SA led G20 debt declaration illustrates how the G20 is NOT the space to advance solutions to #DebtCrisis www.resbank.co.za/content/dam/...

resbank.co.za

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 14/10/2025

South Africa’s #G20 presidency has the potential to catalyse meaningful global #debt reform, but so far nothing tangible has been achieved. 1️⃣6️⃣5️⃣ organisations have called on @cyrilramaphosabsky.bsky.social to take action on the #debtcrisis. Read the call here➡️ www.eurodad.org/letter_to_sa...

While this year's G20 has been put forward as an 'African G20', there is no evidence that any progress has been made on the debt crisis facing Africa and many other countries worldwide.

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 23/06/2025

📢 Economic, #Climate & #GenderJustice Caring for one = caring for all European leaders have missed an opportunity to show their support for #EconomicJustice reform at #FfD4 next week. Now more than ever, we need an #EraOfJustice! Join us in Sevilla 🪭 www.eraofjustice.org/sign-the-pet...

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Iolanda Fresnillo @ifresnillo.bsky.social · 20/06/2025

Many other interesting proposals that we’ll need to review more carefully, some fully aligned with @eurodad and global civil society ☺️ and others raising some doubts 🤔 Great have this to continue calling for a better and fairer debt architecture and #CancelTheDebt (6/6)

media.tenor.com

a baby is reading a book with his eyes closed while sitting at a table .

ALT: a baby is reading a book with his eyes closed while sitting at a table .

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Iolanda Fresnillo @ifresnillo.bsky.social · 20/06/2025

👎The report doesn’t reflect on the proposal by many global south countries and civil society on the need for a #DebtConvention and a multilateral debt resolution mechanism eurodad.org/un_framework... 👍But it calls for the creation of an international bankruptcy court (5/6)

eurodad.org

UN framework convention on sovereign debt - Building a new debt architecture for economic justice

European Network on Debt and Development

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Iolanda Fresnillo @ifresnillo.bsky.social · 20/06/2025

#JubileeCommission states “If we don't reform the system itself, we'll continue to reproduce the very dynamics that led us here. The international financial architecture must be redesigned” We’re all in for international financial architecture systemic transformation (4/6)

media.tenor.com

a woman in a purple suit is saying " i 'm in "

ALT: a woman in a purple suit is saying " i 'm in "

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Iolanda Fresnillo @ifresnillo.bsky.social · 20/06/2025

⚠️HIPC was not unconditional, opening the door for many neoliberal reforms that then led to new debts We need to learn from what worked (#CancelTheDebt) and what didn’t work 🤔It doesn't seem the report does that in detail But good to see such a clear call for #DebtRelief (3/6)

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Iolanda Fresnillo @ifresnillo.bsky.social · 20/06/2025

🧐The report rightly points at the need for #DebtCancellation, calling HIPC II. While I agree on the need for broad debt cancellation of all unsustainable (& illegitimate) debts, it needs to be unconditional 🤔 (2/6) www.theguardian.com/world/2025/j...

theguardian.com

Developing countries ‘need more debt relief’ to fund education and health

Research warns poorer governments prioritising debt payments over essential development spending

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European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 14/06/2025

The #EU and #UK are stopping the global south from having a say by blocking UN-led #debt reform in #FfD4 outcome document. 👎 Our press release: www.eurodad.org/eu_and_uk_bl...

"The refusal by the EU and UK to support a debt reform process at the UN is deeply concerning. the outcome of these talks will have
far-reaching consequences for the global financial system and the lives of billions across the Global South." Iolanda Fresnillo, Eurodad

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Observatori del Deute en la Globalització @observatoriodg.bsky.social · 03/06/2025

🎂 Fa #25AnysODG que reclamem justícia financera i climàtica, i la defensa dels béns comuns. 🌐 Som més necessàries que mai les persones i entitats que lluitem contra el poder corporatiu. ✊ Ajuda'ns a seguir lluitant a contracorrent. Fes-te sòcia: odg.cat/odg-25e-aniv...

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Thomas Piketty @thomaspiketty.bsky.social · 09/06/2025

Different rules of the game would have radically changed history. Our counterfactual simulations show that without colonial transfers, Europe would have been a debtor — and South Asia or Latin America could have become global creditors. [5/8]

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Thomas Piketty @thomaspiketty.bsky.social · 09/06/2025

Colonial extraction and unequal exchange have shaped two centuries of North-South inequality. A thread on the new study written with @gatonievas.bsky.social [A thread 1/8🧵]

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Eulàlia Reguant i Cura @aramateix.bsky.social · 07/06/2025

Avui se celebren els 25 anys de @observatoriodg.bsky.social: escola de formació en l'anàlisi del deute com a mecanisme d'opressió i despossessió del capitalisme i escola de formació en la construcció d'alternatives davant del poder de les corporacions transnacionals. #25anysODG

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Observatori del Deute en la Globalització @observatoriodg.bsky.social · 27/05/2025

🆕 Ja disponible l'episodi Desenredades #29: '2025, una nova oportunitat per la justícia financera?'. 🎙️ Amb @ifresnillo.bsky.social (@eurodadnews.bsky.social) i Nicola Scherer (ODG) per fer memòria sobre 25 anys de lluita per la cancel·lació del deute extern. 🎧 www.ivoox.com/desenredades...

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Observatori del Deute en la Globalització @observatoriodg.bsky.social · 02/06/2025

💸 Cada vegada hi ha més països que destinen un 20% o un 30% dels seus pressupostos a pagar el deute extern, alerta @ifresnillo.bsky.social, d'@eurodadnews.bsky.social, en el nostre pòdcast. És una situació insostenible! 🎧 #Desenredades 29: odg.cat/desenredades...

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Reposted by Iolanda Fresnillo

European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 03/06/2025

#FfD4 will not be a success without any meaningful #debt reform! But rich countries' fear of an inclusive process - where borrowing countries can participate on equal footing with creditors - is blocking the process. #EraOfJustice @ifresnillo.bsky.social

The EU and other European countries like the UK, have done nothing but to defend the status quo and offer peanuts in FfD4 negotiations.

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Observatori del Deute en la Globalització @observatoriodg.bsky.social · 07/06/2025

💬 Comencem el diàleg sobre el passat, present i futur de les lluites contra el deute amb @ifresnillo.bsky.social , Brid Brennan, Lidy Nacpil i la Birch. Quins aprenentatges ens donen les lluites dels últims 25 anys? #25anysODG

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European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 05/06/2025

The @oecd-ocde.bsky.social's DAC Chair says int'l development cooperation needs more 'transparency & accountability'. We agree, but we can't wait for another closed-door reflection exercise. Any redesign must take place in the only fully inclusive space where all countries have an equal say - the UN

Open letter

DAC CSO reference group

Our long-standing call for a UN Convention on International Development Cooperation remains as relevant and urgent as ever.

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European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 27/05/2025

1️⃣3️⃣0️⃣ countries in the #GlobalSouth are critically indebted. 👉#FfD4 won’t be a success without #DebtReform! The #EU’s latest proposal is woefully insufficient, but it’s not too late for @ec.europa.eu & @europarl.europa.eu to support an #EraOfJustice. Get involved! eurodad.org/jubilee_2025_petition

On a yellow background, the words ‘Cancel the debt’ are in the top left corner. Underneath is a square image of a megaphone, taken looking directly into it. The megaphone obscures the person holding it.

On a hot pink background in yellow text is written: “No justice without breaking the global chains of debt”

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Oxfam EU @oxfameu.bsky.social · 26/05/2025

Today’s @press.consilium.europa.eu Conclusions are disappointing, but EU countries can still show more ambition in the 40 days left until #Ffd4. Read our joint reaction with @eurodadnews.bsky.social & @actionaideu.bsky.social 👇 www.oxfam.org/en/press-rel...

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European Network on Debt and Development - Eurodad @eurodadnews.bsky.social · 26/05/2025

⚠️The #EU is not going to deliver the ambition needed for Sevilla, unless they show more ambition in the remaining. +/- 40 days. Read our joint reaction with @oxfameu.bsky.social & @actionaideu.bsky.social to the @consilium.europa.eu Conclusions 👉 ow.ly/Ze0N50VYNqU

It's not too late for EU Countries to back outcomes that will deliver a better future for the world's poorest people.

Jean Saldanha
Director
Eurodad

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