After decolonisation, debt maintained the colonial yoke of the imperialist powers over the Glob-al South. Over-indebted nations sought assistance from the World Bank and the International Monetary Fund during the 1980s debt crisis, and in exchange for their loans, these oganisations imposed policies to cut social spending, privatise, and open up their economies. Officially, the Bretton Woods institutions were asking these countries to cut back their spending in order to get out of debt. Unofficially, the aim was political to repay private creditors and integrate as many countries as possible into capitalist globalisation, to the benefit of the ruling classes in the North and in the Global South. We find ourselves in the same predicament forty years later. Where does it come from? What role do the IMF and World Bank play? Which regions or countries are most impacted? […]