This article analyses the process by which the issues of debt and structural adjustment were redefined by a plurality of actors, from institutional experts to activists, during the 1980s and 1990s. Although it mainly focuses on the 1990s, when the Jubilee 2000 campaign emerged, blossomed, and died, it takes into account the institutional mobilization preceding it. It then points to the need to think about the dynamics of competition and the division of labour among international players. While the leading Jubilee 2000 coalition in the Global North opposed debt on economic and religious grounds, African anti-structural adjustment programme (SAP) activists who joined the Jubilee Afrika campaign promoted an alternative framework: according to them, debt was not just economically “unsustainable”; it was first and foremost “illegitimate”, as were any conditions attached to its reduction, beginning with the implementation of SAPs. The story of the anti-debt campaign is the story of their failure.

中文翻译：

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调整良好的债务：国际反债运动如何未能将债务减免与结构调整脱钩

本文分析了在 1980 年代和 1990 年代期间，从机构专家到活动家的多个参与者重新定义债务和结构调整问题的过程。虽然它主要关注 1990 年代，当 Jubilee 2000 运动出现、开花和消亡时，它考虑到了它之前的制度动员。然后它指出需要考虑竞争的动态和国际参与者之间的分工。虽然全球北方的主要 Jubilee 2000 联盟以经济和宗教为由反对债务，但加入 Jubilee Afrika 运动的非洲反结构调整计划 (SAP) 活动家提倡另一种框架：据他们说，债务不仅在经济上“不可持续” ”；它首先是“非法的”，从 SAP 的实施开始，减少它的任何附加条件也是如此。反债务运动的故事就是他们失败的故事。