Gross Domestic Product

Seventeenth Sovereign Debt Justice News: The International Monetary Fund and African Sovereigns

The African Sovereign Debt Justice Network brings to you an update of African sovereign debt news and updates on events and happenings on and about Africa that reveal how sovereign debt issues are engaged by the various stakeholders.

Is Climate Action Worsening Nigeria’s Debt?

Although we tried to determine if and how internationally-financed climate action may be worsening Nigeria’s debt crisis, we weren’t able to find data that would lead us to a definitive analysis. It is logical that any borrowing, especially on non-concessional terms, that will not pay for itself through productivity, will contribute to Nigeria’s debt, and in that way, further undermine Nigeria’s ability to take much-needed climate action (or any humanitarian or development objectives).

Reflections on the 9th Afronomicslaw Academic Forum Guest Lecture Delivered by Harrison Mbori and John Nyanje

The lecture was fascinating because it provided various ways of moving forward. These include the questioning of international law as amateurs, the need to produce ‘African’ international law, and the duty we have in promoting and protecting our epistemic locations.

Eighth Sovereign Debt News Update: The Re-Incurring and Extinguishing of Sovereign Debt

The African Sovereign Debt Justice Network brings to you an update of African sovereign debt news and updates on events and happenings on and about Africa that reveal how sovereign debt issues are engaged by the various stakeholders.

Keynote Address by Denise Namburete Civil Society Forum on African Sovereign Debt ahead of the March 17-21 African Finance, Development and Planning Ministers Meeting

March 22, 2021

I am thankful to the organisers of this Forum for the invitation to speak on African sovereign debt ahead of the African Finance, Development and Planning Ministers Meeting from March 17th to 21st, 2021. As Civil Society Organizations, we are meeting at a crucial time, as African leaders devise strategies to support the continent’s recovery from COVID-19 induced economic devastation.

I am angry but Hopeful.

News: 3.18.2021

The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law.

Tax Evasion in Latin America and the Caribbean: An Urgent Call for Attention in the Most Unequal Region in the World

The primary objective of this post is to highlight the importance and gravity of the existing tax evasion in Latin America and the Caribbean today. A study conducted by Santiago Diaz de Sarralde Miguez reports that Latin America and the Caribbean are characterized by a relatively low tax burden, which averages 22.8% of GDP. That is 11.5% less than the OECD (2015). While it is true that there are large differences between countries, as the tax burden varies from 12.4% in Guatemala to 38.6% in Cuba.

Neoliberal Children: A Silent Dialogue with Ian Taylor

Neo colonialism as described by Ian Taylor is as valid then as it is now, but there are alternatives beyond the modern paradigm and we have to run the risk of decolonizing the academy, people are changing and fighting from other ways of life, but our academies? can you hear them? Indigenous peoples, community organizations, peasants and nature are speaking to us. The question is what language and what knowledge we will use to listen and speak them.

Niños Neoliberales: Un Diálogo Silencioso Con Ian Taylor

Neo colonialism as described by Ian Taylor is as valid then as it is now, but there are alternatives beyond the modern paradigm and we have to run the risk of decolonizing the academy, people are changing and fighting from other ways of life, but our academies? can you hear them? Indigenous peoples, community organizations, peasants and nature are speaking to us. The question is what language and what knowledge we will use to listen and speak them.

Adopting a Universal Tax Regime for Outer Space Exploration

For decades, humans have been drawn to space exploration for scientific, security and commercial purposes. Private companies such as SpaceX and Blue Origin have undertaken daring projects to commercialize outer space, including tourism, mining space resources and establishing installations and even extra-terrestrial habitats. The allocation of the benefits from outer space is a highly disputed issue, from the early days of space exploration to date. We believe that the issue of taxation, hardly discussed so far, is vital when considering the proper distribution of space benefits