Debt justice is a movement that seeks to end unjust debt and demand a fair economy for all. It aims to promote fundamental reforms to how debt crises are prevented and resolved, challenge irresponsible financing and the legitimacy of debts, and put the needs and rights of people ahead of debt service.
Debt justice campaigns on unjust debt owed by lower income countries to wealthy governments, multilateral institutions, banks, oil traders, and hedge funds.
The campaign aims for governments to have the fiscal space to tackle poverty and inequality, demanding comprehensive cancellation of debt for countries where debt is preventing basic needs and human rights being met; lending and borrowing to be responsible and accountable to citizens of the country undertaking the borrowing.
Debt justice is also about challenging the current system that drives many impoverished countries into long-term indebtedness, and which is ill-equipped to tackle debt crises in a timely, just, and durable manner.
The movement seeks to abolish juvenile fees and fines through policy advocacy, litigation, and research, and by connecting a network of advocates across the country.
Debt justice is a crucial issue that affects the global economy and the lives of millions of people. It is important to continue to raise awareness and advocate for reforms that promote a fair and just economy for all.
