Tag: foreign debt
Pope Francis calls for foreign debt forgiveness in Jubilee Year
"We are now faced with a debt crisis that mainly affects the countries of the Global South, generating misery and distress"
Contradictions in Philippine fossil gas production for Japan
Already, environmental disasters are upon us because of the nonstop burning of fossil fuel, coal, gas, and oil for a hundred years
World Bank slammed for locking developing countries into fossil fuels, heavy...
Despite its pledge to align its projects with the goals of the Paris Agreement, the World Bank is pouring US$379B in new gas infrastructure
Asian activists express solidarity with debt-burdened Sri Lankan people
The worsening condition in Sri Lanka can also happen in the Philippines and other Asian countries, which are dependent to foreign debts
The crushing burden of debt
So why not call it quits. Cancel the foreign debt of the poor nations and in return cancel the climate debt owned by the rich nations?
Activists from across Asia call for debt cancellation amidst health, economic...
“Our governments spend more on debt service payments than on peoples’ needs and still continue with their borrowing spree” - Lidy Nacpil
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