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The West Has Been Hoarding More Than Vaccines

6 May 2021 - by Walden Bello

I’ve had my first Covid-19 vaccine jab, drawn from the limited supply of the AstraZeneca doses that has made its way to the developing world. As a senior, I’m part of a so-called priority sector eligible to receive it in the Philippines, a country (...)
Left in the lurch

Debt and Covid-19 in Ecuador, Kenya, Pakistan, the Philippines and Zambia

3 May 2021 - by Eurodad

This series of articles has been produced by Eurodad in collaboration with our global partners on the implementation of the Debt Service Suspension Initiative (DSSI), complementing and updating the report “Shadow report on the limitations of the (...)
Series: 1944-2020, 76 years of interference from the World Bank and the IMF (Part 11)

The World Bank and the Philippines

17 April 2020 - by Eric Toussaint

In 2020, the World Bank (WB) and the IMF are 76 years old. These two international financial institutions (IFI), founded in 1944, are dominated by the USA and a few allied major powers who work to generalize policies that run counter the (...)
Philippines: The Marcos debt

5 November 2018 - by Eduardo C. Tadem

Another compelling argument against the “hero’s burial” for Ferdinand Marcos was his corruption-ridden mismanagement of the country’s debt. At the height of martial law in 1977, he issued Presidential Decree 1177 mandating the automatic (...)
Exclusionary growth – Southeast Asian civil society to ASEAN: 50 years of exclusion is enough

14 August 2017 - by InterAksyon.com

MANILA – While officials of ASEAN governments and their dialogue partners met behind closed doors for the ASEAN and East Asia meetings, over 1,000 members of civil society marched Monday to call for an end to what they said had been 50 years of (...)
Beware of the dragon bearing gifts – Chinese loans and investments in the Philippines

1 June 2017 - by Randy David

Following President Duterte’s state visit to China in October 2016, 27 deals have been signed with Chinese state entities and business corporations covering around US$9 billion in loans and US$15 billion in investments. The President proudly (...)
Food sovereignty : A feminist struggle ?

21 March 2017 - by Aurélie Leroy

The starting point of this study is a paradox : among social, institutional and political actors, peasant and family farming are gradually becoming established as legitimate and credible alternatives to an agro-productivist model that has ’run (...)
Debt audit: An alternative weapon against state capture

20 February 2017 - by Mary Serumaga

Many African nations are mired in huge debts arising from foreign loans that have hardly benefitted the people. The citizens need to audit these debts. Odious debts should be repudiated, damn the consequences. Moreover, as Thomas Sankara (...)
World Bank money is helping to finance Asia’s coal boom: report

4 November 2016 - by Isabel Esterman

Should the World Bank Group be held accountable when financial institutions it supports invest in projects that threaten forests and communities? After tracing the Group’s links to controversial projects like the Rampal coal power station, the (...)
Philippines: For debt audit and repeal of automatic debt servicing

26 September 2016 - by Freedom from Debt Coalition, Butch Fernandez

FDC calls on PDU30 to prioritize debt audit, repeal of 40 year-old auto-debt payments MANILA, Philippines – Doves seemed to flock in Malacañang today as activist group Freedom from Debt Coalition (FDC) carried their demands for debt audit and (...)
Philippines: Duterte’s Budget, Foreign Debts and Pork Barrel

12 September 2016 - by Freedom from Debt Coalition, Business World, YAP D. J.

MANILA, Philippines – The Duterte administration’s proposed 2017 national budget has allocated P6.13 billion in foreign debt service for 13 fraudulent, wasteful or useless loans, the Freedom from Debt Coalition (FDC) bared in a recent news (...)
Philippines

Philippines debt must be cancelled to support typhoon recovery work

5 December 2013 - by Christian Aid

The enormous financial burden the Philippines labours under in servicing international debt while struggling to recover from Typhoon Haiyan and prepare for future emergencies must be lifted, said Christian Aid today. It joins with the Jubilee (...)
Why are Philippine funds being used to bail out irresponsible European banks?

2 July 2012 - by Walden Bello

The Philippine government’s decision to extend a $1 billion loan to the International Monetary Fund (IMF) to supplement the Fund’s war chest of $456 billion to contain the economic crisis in Europe has been justified as assistance to countries in (...)
Press Release

Participants of South Asian Workshop call for a resistance to the anti-people policies of the World Bank, IMF, ADB and other IFIs

The debt campaigners and activists from South Asia including participants from Nepal, Pakistan, Bangladesh, Sri Lanka, Bhutan and India that have assembled at Katmandu for the “2nd South Asian workshop on International Financial Institutions (...)
The Illegitimacy of Debt and Illegitimate Debt

15 January 2009 - by Lidy B. Nacpil

The perspective on the illegitimacy of debt is based on a critical, holistic and rigorous understanding of historical and prevailing realities. It is also a perspective that is EMPOWERING for the peoples of the South. From this perspective, (...)
6^th International Seminar on Debt and Law

Auditing the debt Case studies of 4 countries : Ecuador, Democratic Republic of the Congo, Mali, the Philippines Friday October 19 and Saturday October 20 from 9.30am to 5.30pm Venue : Congress room of the Belgian Senate, 21 rue de Louvain (...)
World Bank poverty measure unreliable

18 April 2007 - by IBON

Ibon press release Recently released poverty estimates by the World Bank are unreliable and grossly underestimate the extent of poverty in the country, according to independent think-tank IBON Foundation. According to IBON research head (...)
Tsunami Aid or Debt Cancellation

The studies in this book by Damien Millet, Eric Toussaint and François Houtart analyses the link between the post-Tsunami reconstruction and the cancellation of the multi and bilateral aid of the Tsunami affected countries. They are arguing that (...)