Join us in Manhattan, at 542 W 36th Street, on Monday, August 14, at 6:30pm to demand that BlackRock cancel their holdings of Zambia’s national debt! Debt is one of the major tools that big corporations and US-led multinational financial institutions, like the IMF and World Bank, use to keep poorer countries beholden to Western global dominance.
BlackRock, the $8.6 trillion NY-based investment company, holds the highest private ownership of Zambia’s external debt at a whopping $220 million. BlackRock has refused to restructure, delay, or even lower interest rates on this debt and makes huge profits from keeping this stranglehold on Zambia. This is money that could go to social service spending or building key infrastructure, but instead goes to paying the shareholders of BlackRock. Capitalist financial institutions have no solutions for the economic challenges facing African people! Cancel Zambia’s debt now!
CALL FOR ART - Artists Against Apartheid