NGO Debt Treaty Movement (DTM)
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Founded
1993-05 Montréal QC Canada
History
May 1993, Montréal (Canada). Also referred to as International Debt Treaty Movement (IDTM). Ceased to exist.
Aims
Pressure governments and banks to establish a democratic process for resolution of debt problems by submitting to full transparency and greater accountability and by participation of people's organizations and NGOs in the making of debt policies; work for recognition of the planetary ecological debt of the North with respect to the South; work for cancellation of the debt, for elimination of net transfer of resources from South to North, for generation of local technologies and for establishment of appropriate technology transfer to the South; work for massive reduction of the debt burden starting with immediate repudiation of illegal and fraudulent debts; oppose debt conversion measures that do not meet people's interests; strive to replace the present global development model with sustainable, equitable and participatory models; pressurize Northern governments and interested institutions for fair and just terms of trade for the South, including dismantling of unfair protective measures imposed by the North; hold Northern governments accountable to the minimum overseas development assistance of 0.7% of GNP, ensuring financial flows support ecologically, socially sustainable and participatory development, ultimately eliminating Southern dependence on this assistance; initiate campaigns for elimination of destructive structural adjustment through restructuring of multilateral agencies, addressing the ethics of debt and structural adjustment programmes; work for establishment of democratic institutions at subregional, regional and international levels, independent of states, to monitor, regulate and sanction global economic agents and transactions; press Southern governments to establish a collective debt resolution strategy; repudiate administration of the Global Environment Facility by the World Bank, working to have it placed within a transparent, democratic and ecologically responsible institution; pressure the United Nations, governments and commercial banks to establish a conference on foreign debt and related issues to be attended by all actors in the debate.
Activities
Available with paid subscription only.Structure
Coordinating Committee.
Relations with Non-Governmental Organizations
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Available with paid subscription only.Type I Classification
Available with paid subscription only.Type II Classification
Available with paid subscription only.Subjects *
Available with paid subscription only.UN Sustainable Development Goals **
UIA Org ID
XF3374
** UN SDGs are linked to the subject classification.
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