Philippines

Why are Philippine funds being used to bail out irresponsible European banks?

2 July 2012

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 dire need of financial help. It will do no such thing. The IMF funds may be nominally earmarked for Greece, Spain, or Ireland, but they will actually flow to the big banks that made loans to these countries. A supply-driven crisis As in the (...)

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

15 January 2009

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 (IFIs) and the Debt Crisis” have called for region wide resistance movements against anti-people policies of the International Financial Institutions (IFIs) . This conference has been jointly organized by SAAPE, VAK and NGO Federation of Nepal. Around 50 (...)

6th International Seminar on Debt and Law

19 October 2007

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 in Brussels

VIe séminaire international sur le Droit et la Dette

19 octobre 2007

Compte-rendu du séminaire : "L’audit de la dette". Etude de cas de 4 pays des 3 trois continents du Tiers Monde. Afrique : République démocratique du Congo et Mali, Amérique latine : Equateur, Asie : Philippines. En présence d’invités des 4 pays en question. Téléchargez les exposés avec diaporamas, enregistrements audio ou textes

World Bank poverty measure unreliable

18 April 2007

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 Sonny Africa, “The Bank’s estimates using 2000 population figures, of 15 million Filipinos a day living on less than $1 a day and 43 million on less than $2 a day, are not based on the real needs of Filipinos but on an arbitrary poverty line adopted to (...)

Tsunami Aid or Debt Cancellation

4 December 2006

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 even before the Tsunami that ravaged the coast lines, the coastal poor were suffering from the powerful neoliberal wave. The servicing of debt which accounts for the colossal amount is a major obstacle to the development of these countries. Their (...)

The World Bank and the Philippines

15 January 2006

The Philippines remained a Spanish colony until 1898, when Spain was defeated in a war declared by the United States. Japan then occupied the country during the Second World War. In 1946 the Philippines became independent from the United States that laid down some conditions: a fixed exchange rate between the Philippine peso and the American dollar to protect the United States companies against the effects of devaluation, free trade agreements, etc. At the beginning, everything went easily (...)