The new edition of the Nyéléni newsletter is online!
The Arabic version is coming soon.
تصدر النشرة الدورية نييليني باللغة العربية قريباً.
اللغة العربية فيما بعد
*Resisting the threat of global finance, building food sovereignty *
<https://nyeleni.org/en/category/newsletters-nyeleni-in-english/newsletter-n…>
*The new edition of the Nyéléni newsletter is online! *
*Illustration: This illustration was created by members of Tricontinental’s
art department, for the dossier no.88: Africa’s Faustian Bargain with the
International Monetary Fund
<https://thetricontinental.org/dossier-faustian-bargain-imf-africa/>. 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.*
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.
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.
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.
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.
*Focus on the Global South and La Via Campesina*
*Click here to download the English edition (pdf)*
<https://nyeleni.org/DOWNLOADS/newsletters/Nyeleni_Newsletter_Num_60_EN.pdf>
or read it directly on the website
<https://nyeleni.org/en/category/newsletters-nyeleni-in-english/newsletter-n…>!
For any further information, contact info(a)nyeleni.org - www.nyeleni.org
<https://nyeleni.org/en/homepage/>
*Circulate it!*
*Help us to build the movement for food sovereignty from the grassroots.*
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لمزيد من المعلومات، تواصل مع
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--
Emanuela Russo
Coordinator of the international *Nyéléni Newsletter *
on Food Sovereignty
www.nyeleni.org
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