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   DIR By: chandonarani55 sk
       Date: August 29, 2023, 11:50 pm
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       Most recently, on February 27, 2023, the Debt for Climate
       movement launched an invitation to meet with representatives of
       the countries most affected by the intersection of the climate
       crisis and debt, in order to discuss debt cancellation for the
       South. and thus enable a just transition. That day was the 70th
       anniversary of the London Agreement, by which Germany received a
       50% write-off of the debt it had accumulated before, during and
       after World War II. Some of the countries that allowed Germany
       to experience its so-called "economic miracle", thanks to this
       forgiveness, are now heavily in debt. However, Germany stands in
       the way of any progressive measures to relieve those countries
       of their heavy debt burden while, at the same time,
       According to the economist Alberto Acosta, if this India Email
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       possible for Germany, in
       a post-war context, why wouldn't it be for the countries of the
       South, in a post-pandemic and climate emergency scenario? The
       London Agreement also offers us a list of issues to consider
       when dealing with foreign debt: payment capacity, substantial
       debt forgiveness, significant reduction in interest rates,
       transparency in negotiations to determine the benefits of the
       parties. , contingency clauses, dispute management schemes and
       the possibility of fair and transparent arbitration, among many
       others.
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       In order to advance in the search for lasting solutions, it is
       necessary, although not sufficient, to demand the forgiveness of
       debts,29. In short, a reconfiguration of the international
       financial system that makes it clear that no country can be
       saved alone, something that will not arise spontaneously, but
       rather requires a reactivation of internationalist articulations
       that connect the global North and South in a polycrisis
       scenario. civilizational.In this framework, degrowth and
       post-extractivism are two complementary perspectives, of a
       multidimensional nature, that allow the creation of
       internationalist and North-South bridges around a comprehensive
       ecosocial transition.
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