We Stand with Billions, Not Billionaires
Cancel the Debt, Change the System
We are a Global South-led movement comprised of civil society networks, trade unions, activists and academics, grounded in our joint values of inclusion and solidarity, united for economic justice. Our collective mobilization engages policy makers, political leaders and the public at national and international levels to drive systemic change.
2025 is a Jubilee Year — a rare opportunity to cancel debts and start afresh. Let’s create a new financial system to prevent future debt crises, end austerity, create a progressive tax system and tackle climate change. We pledge to stand together and make our values and demands visible everywhere, so that every government feels the urgent pressure to act.
Here’s what we’re fighting for:
1. Cancel the Debt: End the debt crisis today by canceling unsustainable and illegitimate debts — no strings attached — and requiring rich countries to pay their climate debts to support communities on the frontlines of the climate crisis.
2. Change the System: Transform the outdated, rigged financial system with a fair, democratic and transparent one under the United Nations — including a binding debt framework and international tax convention. Everyone deserves a voice in shaping the future, not just a few billionaires.
3. Choose Hope and Justice: Debt cancellation cannot be done in isolation. To build just economies we must (a) tax the super-rich and large corporations to curb inequality, (b) guarantee public services including health care, education, and social protection for all, and (c) accelerate a just transition for people and planet, including a fair, equitable and timebound transition away from fossil fuels as well as the protection of biodiversity and community livelihoods.
Read the full statement here.
Please sign this public statement by 31st May 2025.
The statement will be published in media in June 2025 before the FfD4 Conference. We will contact you before!
Please add your voice by signing this statement on behalf of your organisation.
