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      -------- Weitergeleitete Nachricht --------
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            <th valign="BASELINE" align="RIGHT" nowrap="nowrap">Betreff:
            </th>
            <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>
          </tr>
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            <th valign="BASELINE" align="RIGHT" nowrap="nowrap">Antwort
              an: </th>
            <td><a class="moz-txt-link-abbreviated" href="mailto:info@nyeleni.org">info@nyeleni.org</a></td>
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            <th valign="BASELINE" align="RIGHT" nowrap="nowrap">An: </th>
            <td><a class="moz-txt-link-abbreviated" href="mailto:Newsletter-EN@nyeleni.org">Newsletter-EN@nyeleni.org</a></td>
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style="display:block;margin:0px;padding:0px;color:rgb(32,32,32);font-family:Helvetica;font-style:normal;line-height:125%;letter-spacing:normal;text-align:left"><font
                size="2"><span
style="font-weight:normal;font-family:arial,sans-serif">The new edition
                  of the Nyéléni newsletter is online! </span></font></h4>
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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"
                                                        target="_blank"
moz-do-not-send="true"><i>Click here to download the English edition
                                                          (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"
                                                        target="_blank"
moz-do-not-send="true">website</a>!          <br>
                                                      <br>
                                                      For any further
                                                      information,
                                                      contact <a
href="mailto:info@nyeleni.org" target="_blank" moz-do-not-send="true"
class="moz-txt-link-freetext">info@nyeleni.org</a> - <a
href="https://nyeleni.org/en/homepage/"
style="color:#007c89;font-weight:normal;text-decoration:underline"
                                                        target="_blank"
moz-do-not-send="true">www.nyeleni.org</a><br>
                                                      <b>Circulate it!</b></p>
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                                                          <div
style="text-align:center"><span style="font-size:16px"><b>Help us to
                                                          build the
                                                          movement for
                                                          food
                                                          sovereignty
                                                          from the
                                                          grassroots.</b>
                                                          Every
                                                          contribution
                                                          counts:</span></div>
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valign="middle" width="24"> <a href="https://x.com/InfoNyeleni"
target="_blank" moz-do-not-send="true"><img
src="https://cdn-images.mailchimp.com/icons/social-block-v2/color-twitter-48.png"
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            <span class="gmail_signature_prefix">-- </span><br>
            <div dir="ltr" class="gmail_signature"
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              <div dir="ltr">Emanuela Russo<br>
                Coordinator of the international <i>Nyéléni Newsletter
                </i><br>
                on Food Sovereignty<br>
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