CADTM prompts Argentina to embrace the Calvo doctrine and to follow the example of Ecuador in setting up an integral debt audit
by CADTM
The Argentine parliament has just passed legislation for launching a debt audit commission. It will look into the debts contracted by the country since the military junta took over in 1976. The Commission, which is yet to take off, is supposed to submit its report within 180 days. The audit can genuinely serve the interest of the people. Thus, CADTM urges the Argentine government to follow the example of Ecuador which set up a commission in 2007 for an audit of the debt incurred between 1976 and 2006.
That commission included members of the public administration and the government, the Ecuadorian and the Amerindian social movements, and also international representatives like the CADTM. On the basis of the commission's conclusions the Ecuadorian president Correa took two important steps without asking for the creditors' approval.