WE KNOW THROUGH HISTORY that daring and persisting to struggle for what seems to be the impossible has given rise to major advances in human civilization. It is in this spirit that we gathered here in Nairobi, Kenya June 18 to 2006, for an International Strategy Conference on Debt Repudiation.

The call for debt repudiation is based on our common conviction that not only is it unjust to extract “debt” payments from people of the South because of the debilitating and destructive impacts on lives, communities, economies and environment, but also that the debts being claimed from the people of the South are illegitimate and should not be paid. Moreover, we assert that the peoples of the South are in fact the creditors of immeasurable historical, social, economic and ecological debts of the North.

 

We also believe that the struggle against debt domination is a struggle to change the relations of power, and debt repudiation is an assertion of power from the South.

 

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