Committee for the Abolition of the Third World Debt
Encyclopedia
The Committee for the Abolition of the Third World Debt (CADTM) is an international network of activists who strive to develop and implement radical alternatives that would contribute to the maintenance, and indeed retrieval, of fundamental human rights all over the world.

Through such actions as the publishing of a magazine and volumes of essays and the organising of seminars, lectures, debates, training sessions, international conferences and campaigns, it hopes to raise people’s awareness of North - South inequalities. With the same aim in view it participates in a number of national and international initiatives and in citizens’ mobilisations. Another of CADTM’s avenues of action is to lobby ministers, members of parliament and other politically active citizens.

CADTM’s specific focus is the Third World Debt and its aim is to achieve the cancellation of the external public debt in third world countries and subsequently to break the spiral of deeper and deeper indebtedness by setting up models of socially fair and environmentally sustainable development.

In this perspective CADTM works towards
  • the setting up of a development funds that would be democratically controlled by local populations and financed through the cancellation of the public external debt of third world countries;
  • the retrocession of all ill-acquired goods;
  • the taxation of speculative financial transactions (similar to the tax proposed by Tobin
    Tobin tax
    A Tobin tax, suggested by Nobel Laureate economist James Tobin, was originally defined as a tax on all spot conversions of one currency into another...

    ) ;
  • an increase in the official aid budget of rich countries to 0.7% of the GDP;
  • the setting up of a world tax on large incomes;
  • the global conversion of military expenditure into social and cultural expenditure.


CADTM also demands
  • the setting up of a new international economic and structural regime through the suspension of the IMF
    International Monetary Fund
    The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...

    ’s and the WB
    World Bank
    The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...

    ’s adjustment policies;
  • a radical reform of the WTO’s underlying logic, which at the moment favours rich countries against poor countries;
  • a strict control on financial markets;
  • the suppression of tax haven
    Tax haven
    A tax haven is a state or a country or territory where certain taxes are levied at a low rate or not at all while offering due process, good governance and a low corruption rate....

    s.


Finally CADTM supports women’s emancipation
Feminism
Feminism is a collection of movements aimed at defining, establishing, and defending equal political, economic, and social rights and equal opportunities for women. Its concepts overlap with those of women's rights...

, peoples’ right to self-determination
Self-determination
Self-determination is the principle in international law that nations have the right to freely choose their sovereignty and international political status with no external compulsion or external interference...

, radical land reform
Land reform
[Image:Jakarta farmers protest23.jpg|300px|thumb|right|Farmers protesting for Land Reform in Indonesia]Land reform involves the changing of laws, regulations or customs regarding land ownership. Land reform may consist of a government-initiated or government-backed property redistribution,...

s and a general reduction of working hours.
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