History rhymes: 30 years ago Earthlife Africa made this demand during a policy consultation process. #OdiousDebt https://www.dailymaverick.co.za/opinionista/2022-10-13-the-quickest-way-to-reduce-eskoms-balance-sheet-declare-odious-debt-on-medupi-and-kusile/

> When the #USA took over Cuba 100 years ago it cancelled Cuba’s debt to #Spain on the grounds that the burden was “imposed upon the people of #Cuba without their consent and by force of arms.” Such debts were later called “#OdiousDebt” by legal scholarship, “not an obligation for the nation” but the “debt of the power that has incurred it,” while the creditors who “have committed a hostile act with regard to the people” can expect no payment from the victims.
https://chomsky.info/19980515/
#Chomsky

> .. “It is unfair for BlackRock and other lenders to make massive profits out of Zambia’s #DebtCrisis. If BlackRock refuse to cancel #Zambia’s debt, then the #UK and other# G20 countries should support Zambia to stay in default on #BlackRock, and pass legislation to make them accept #DebtCancellation.”
https://debtjustice.org.uk/press-release/blackrock-could-make-110-profit-out-of-zambias-debt-crisis
#Jubilee I learned a lot from the #Jubilee2000 movement. A RT by @JayatiGhosh brought my attention to this example of #OdiousDebt, #DropTheDebt