Upcoming Events

International | Miscellaneous

no events match your query!

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

forward

Cedar Lounge
For lefties too stubborn to quit

offsite link Ah, no John, don?t do it? 12:09 Sat Apr 19, 2014 | WorldbyStorm

offsite link This weekend I?ll mostly be listening to? the Creatures (Siouxsie Sioux and Budgie) 03:17 Sat Apr 19, 2014 | WorldbyStorm

offsite link Paul Murphy European Elections Poster 17:47 Fri Apr 18, 2014 | irishelectionliterature

offsite link Incomes and inequality 15:53 Fri Apr 18, 2014 | WorldbyStorm

offsite link You may have missed this earlier: From the selection in the Left Archive?The Coffee Circle Papers (P... 13:48 Fri Apr 18, 2014 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link GOTTA LOVE THIS COUNTRY 18:11 Wed Apr 16, 2014

offsite link ?In light of our Christian Faith and the strong Christian values contained within our Cons... 11:08 Wed Apr 16, 2014

offsite link PLAYING OUT THE STRING WITH THE ANGLO TRIAL 18:16 Sun Apr 13, 2014

offsite link Care and Social Reproduction - Dublin Anarchist Bookfair 12 April 2014 09:58 Sat Apr 12, 2014

offsite link TUGGING THE FORELOCK 22:59 Tue Apr 08, 2014

Dublin Opinion >>

Irish Left Review
Joined up thinking for the Irish Left

offsite link Opening the Low-Low Corporate Tax Rate Door Wed Apr 09, 2014 12:55 | Michael Taft

offsite link April Edition of The Socialist Voice is Out Now Mon Apr 07, 2014 09:38 | Communist Party of Ireland

offsite link Sheehy Skeffington School, Saturday April 12th in Ireland Institute, 27 Pearse S... Mon Apr 07, 2014 09:15 | Irish Left Review

offsite link New LookLeft out now! Fri Apr 04, 2014 18:23 | Irish Left Review

offsite link National Competitiveness Council Twists the Evidence to Suit a Political Argumen... Fri Apr 04, 2014 16:50 | Michael Taft

Irish Left Review >>

MediaBite
A shot at bias in the media

offsite link Separating the News from the Noise Thu Apr 04, 2013 21:14

offsite link Blessed with nothing but good intentions Fri Feb 22, 2013 18:04

offsite link The Household Charge - How They Failed to Shape Our Perspectives Wed Apr 25, 2012 10:48

offsite link The web's political rainbow Wed Dec 07, 2011 09:47

offsite link The Forgotten Constituency: The Majority and The Irish Economic Crisis Fri Mar 11, 2011 11:49

MediaBite >>

Philippines’ Foreign Debt Payments Dwarf Relief Aid After Typhoon Haiyan

category international | miscellaneous | news report author Friday December 20, 2013 14:33author by Jennifer Tong, Policy & Communications Director Report this post to the editors

More than a month after Typhoon Haiyan devastated the Philippines, the country has paid approximately $900 million in debt repayments—more than twice as much as it’s received in pledged aid from countries around the world to support the recovery effort.

More than a month after Typhoon Haiyan devastated the Philippines, the country has paid approximately $900 million in debt repayments—more than twice as much as it’s received in pledged aid from countries around the world to support the recovery effort.

The Philippines government will spend a total of $6.7 billion on debt repayments this year alone, some of which originates from the corrupt and abusive regime of Ferdinand Marcos, who was responsible for the deaths of more than 3,000 Filipinos and the torture of 35,000. The World Bank and international lenders have yet to cancel the debts that fueled Marcos regime corruption.

“While Filipinos were tortured and lived in poverty, we watched Marcos’s wife accumulating one of the world’s largest shoe collections,” said Eric LeCompte, Executive Director of Jubilee USA Network. “If these debts were cancelled they could rebuild the Philippines and safeguard the country from the impacts of climate change.”

The death toll from Typhoon Haiyan is now at more than 6,000 people, while nearly 2,000 people remain unaccounted for. Meanwhile, more than 4 million people have been displaced.

"The World Bank and other international lenders must be subject to an independent debt audit," said LeCompte. “It's also critical that lenders offer unconditional grants to the Philippines rather than loans that will further drive the country into poverty.”

Jubilee USA Network is an alliance of more than 75 US organizations, 300 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

© 2001-2014 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy