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<td>[Nyéléni] New Nyéléni edition: Resisting the threat of
global finance</td>
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<th valign="BASELINE" align="RIGHT" nowrap="nowrap">Datum: </th>
<td>Tue, 17 Jun 2025 11:57:34 +0100</td>
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<th valign="BASELINE" align="RIGHT" nowrap="nowrap">Von: </th>
<td>Nyeleni newsletter <a class="moz-txt-link-rfc2396E" href="mailto:newsletter-en@nyeleni.org"><newsletter-en@nyeleni.org></a></td>
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<h2
style="display:block;margin:0;padding:0;color:#202020;font-family:Helvetica;font-size:22px;font-style:normal;font-weight:bold;line-height:125%;letter-spacing:normal;text-align:left"><a
href="https://nyeleni.org/en/category/newsletters-nyeleni-in-english/newsletter-no-60-resisting-the-threat-of-global-finance-building-food-sovereignty-coming-soon/"
style="color:#007c89;font-weight:normal;text-decoration:underline"
target="_blank"
moz-do-not-send="true"><span style="color:#008000"><b>Resisting the
threat of
global
finance,
building food
sovereignty </b></span></a></h2>
<h4
style="display:block;margin:0;padding:0;color:#202020;font-family:Helvetica;font-size:18px;font-style:normal;font-weight:bold;line-height:125%;letter-spacing:normal;text-align:left"><br>
<b>The new edition
of the Nyéléni
newsletter is
online! </b></h4>
<p
style="margin:10px 0;padding:0;color:#202020;font-family:Helvetica;font-size:16px;line-height:150%;text-align:left"><i>Illustration:
This
illustration was
created by
members of
Tricontinental’s
art department,
for the dossier
no.88: <a
href="https://thetricontinental.org/dossier-faustian-bargain-imf-africa/"
style="color:#007c89;font-weight:normal;text-decoration:underline"
target="_blank" moz-do-not-send="true">Africa’s Faustian Bargain with
the
International
Monetary Fund
</a>. The
artwork
illustrates the
Faustian bargain
that all African
countries have
to make, which
comes at a cost
to their
financial,
industrial,
agricultural,
and political
sovereignty.</i><br>
<br>
The 3rd Global
Nyéléni Forum is
set to take place
in Sri Lanka this
September. Sri
Lanka is a
deliberate choice:
in 2022, a
people’s
uprising—known as
Aragalaya—ousted a
corrupt neoliberal
regime that had
plunged the
country into a
severe debt crisis
and societal
distress.<br>
<br>
Of Sri Lanka’s
staggering US $57
billion external
debt, about 32% is
owed to
multilateral
financial
institutions such
as the Asian
Development Bank,
World Bank (WB),
and International
Monetary Fund
(IMF), and another
28% is owed to the
Paris Club. Nearly
a quarter of the
government’s
revenue is spent
on repaying
foreign creditors,
and much of this
debt comes with
conditions that
promote the
privatization of
public services
and the
commodification of
land and natural
resources.<br>
<br>
Sri Lanka is not
alone. Twenty
African countries
are facing debt
distress and
nearly half of the
world’s population
lives in countries
that spend more on
debt repayments
than on public
services.
International
financial
institutions
(IFIs) have
reconfigured
national budgets
and financial
architecture such
that the interests
of finance capital
take precedence
over the
well-being and
health of people
and the planet. A
global pushback is
necessary to build
food sovereignty
and resilient
agroecological
food systems.<br>
At a recent
dialogue hosted by
the Committee on
World Food
Security, the
Civil Society and
Indigenous
Peoples’ Mechanism
emphatically noted
that there can be
no food
sovereignty
without financial
sovereignty! This
edition of the
newsletter delves
into some of the
salient issues
related to this
and proposals for
a push-back.<br>
<br>
<i>Focus on the
Global South and
La Via Campesina</i><br>
<br>
<a
href="https://nyeleni.org/DOWNLOADS/newsletters/Nyeleni_Newsletter_Num_60_EN.pdf"
style="color:#007c89;font-weight:normal;text-decoration:underline"
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(pdf)</i></a>
or read it
directly on the <a
href="https://nyeleni.org/en/category/newsletters-nyeleni-in-english/newsletter-no-60-resisting-the-threat-of-global-finance-building-food-sovereignty-coming-soon/"
style="color:#007c89;font-weight:normal;text-decoration:underline"
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<br>
For any further
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<span class="gmail_signature_prefix">-- </span><br>
<div dir="ltr" class="gmail_signature"
data-smartmail="gmail_signature">
<div dir="ltr">Emanuela Russo<br>
Coordinator of the international <i>Nyéléni Newsletter
</i><br>
on Food Sovereignty<br>
<br>
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