As part of the World Social Forum the International People’s Tribunal on Debt convened between February 1 and 2 in Porto Alegre, Rio Grande del Sul, Brazil. Jubilee South, the Jubilee South Brazil Campaign joined with the American Association of Jurists, the Committee for Third World Debt Cancellation, the Ecological Debt Creditor’s Alliance, Ustawi and the World March of women, among many others, joined together to organize this international tribunal. Social movements, churches, unions, professional organizations, NGOs, political parties and renown personalities are brought together in the Jubilee South network extending to 45 countries of the South and enjoying the support of diverse entities in the North. The International People’s Tribunal convened in order to determine and rule upon the responsibility of Banks and Transnational Corporations, Governments in the North, the IMF, the World Bank and other international financial institutions for the crime of illegitimately indebting the countries and peoples of the South. This has generated a high cost in human lives, the destruction of our productive capacity, the quality of life of our peoples, with increases in poverty, infant mortality, social exclusion and grave economic and environmental damages. This Tribunal in addition to ruling on evidence as regards the illegitimacy of the debt, identifying the principal responsible culprits and their respective roles, also assumed the task of proposing alternative paths to secure debt repudiation and cancellation.