Thread by @DebtforClimate

1/5 Do you want to know why is the debt illegitimate?
Read the thread and feel free to reply to us with your thoughts on the illegitimate debt 🧵👇 #DebtForClimate #DeudaXClima

2/5 The creditors we're targeting - @IMFNews and the @WorldBank, development banks, commercial banks, and mega-investors - are truly the debtors of the people and the earth they continue to exploit. 👇#DebtForClimate

3/5 💯This is their climate and neocolonial debt. This is why the debt that they hold, the one that's currently legal, is illegitimate: it perpetuates exploitation and is the exact opposite of the climate and neocolonial debt that remains to be paid. 👇#DebtForClimate

4/5 💯And very often, a tiny local elite maintains itself by taking a huge part of the credited money without paying it back; whereas the many only see their debt burden skyrocketing. 👇#DebtForClimate

5/5 💯Lastly, the Global South, and poorer people in the North, pay several times more interest than what the rich pay for their debt. This debt is a trap!
#DebtForClimate #DeudaXClima