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Africa

Thomas Sankara: Breaking with debt slavery

Updated on May 14, 2021, David Crawford Jones, John Riddell
Thomas Sankara: Breaking with debt slavery

Preaching a language of self-respect and self-help, Sankara sought to free the country from dependency on foreign capital. He severed financial ties with the IMF and World Bank and the austerity measures they had imposed on the country. Of the debts that prior governments had accrued to these institutions and other developed nations, Sankara argued that Burkina Faso and other poor countries should not honor such obligations.

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