Abstract
In the period between 1980 and 2005 transnational civil society organizations (CSOs) and nongovernmental organizations (NGOs) challenged the monopoly of economic experts in dictating the rules and practices governing third world debt. This contestation reframed the “proper” role of international finance and shifted the ground on which these issues were debated from a narrow technical basis to one in which the impact of financial policies on human welfare assumed a central role in defining success or failure. Civil society campaigners invoked a broad interpretation of human rights which included economic and social rights, and by this measure international finance was found wanting. As the chronic third world debt crisis and the international response in the form of debt rescheduling coupled with economic restructuring came to exemplify all that was wrong in the organization of financial relations, civil society campaigners insisted that economic and social justice demanded the cancellation of the crippling burden of debt.
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