• Home
  • About us
    • Our Vision & Values
    • The Jubilee Scotland Team
    • Board Members
    • Jobs and volunteering
    • Annual reports
    • Contact
  • The Issue
    • History of Debt
    • Campaigning for cancellation
    • Guide to debt jargon
    • Country case studies
  • Campaigns
    • Campaign successes
    • Rethinking Private Financing in Scotland
    • Open the books on PFI!
    • Defuse the debt crisis
    • Debt Cancellation for Nepal
    • Build a Movement
  • Get involved
    • Sign the debt justice pledge
    • Donate
    • Events
    • Become a member
    • Resources
      • Order form
    • Find campaign groups
  • Articles & Blogs
You are here: Home / News / Cancel the debt of the Philippines!

Cancel the debt of the Philippines!

December 20, 2013 By Jubilee Scotland Leave a Comment

Freedom from debt coalition philippinesThe devastation caused to the Philippines as a result of Typhoon Haiyan (Yolanda) has shocked us all, and people have responded to the overwhelming crisis with incredible generosity. While emergency relief is essential to help with the immediate havoc caused by the Typhoon, we must remember that the Philippines has long struggled with the an unsustainable burden of unjust debt.

In fact, the Philippines is forced to send $22 billion out of the country in debt repayments every day.

Many of these debts are inherited from the odious rule of Ferdinand Marcos in the 1970s and 80s – a period of Martial Law when loans poured in from these same international lenders, who turned a blind eye to the government’s crimes and corruption. As our partners in the Freedom from Debt Coalition, Philippines, ask: ‘Why pay debts we don’t owe?’- they are calling for an audit into the debts to find out which are illegitimate and should never be paid.

Please help campaigners in the Philippines by signing a letter to the international lenders who have the chance to end this vicious cycle of unjust debt.

Spread the word...Share on FacebookShare on Google+Tweet about this on TwitterEmail this to someone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign up for our e-news updates

News Archive

Tag cloud

arms trade Brexit commonweal covid-19 debt debt campaigns debt cancellation debt justice debt relief dexter whitfield DFID Edinburgh EURODAD european services strategy unit G8 G8 Watch Gleneagles HIPC IMF Indonesia Jubilee Scotland Jubilee South local national partnership Make Poverty History MDRI MSP Non-profit distributing NPD ODA oxgangs school PFI pfis Philippines poverty PPP Private Finance Initiative private financing privatisation of life public private partnerships Public Works Loan Board robin mcalpine Scotland Suharto UK World Bank

News

Financing Climate Justice : Scotland at COP26

Financing Climate Justice: Scotland at COP26 At Jubilee Scotland we have been part of many campaigns calling for debt relief and the cancellation of unjust debt in the global south. Adding to the unjust sovereign debt that many nations need relief for financially, there is another type of debt that needs to be addressed by […]

Tweets by jubileescotland

Get in touch

Jubilee Scotland is an independent coalition of organisations and local groups across Scotland who campaign for cancellation of the unjust and unpayable debts which are ruining the world’s poorest countries.

JUBILEE SCOTLAND
41 GEORGE IV BRIDGE
EDINBURGH
SCOTLAND
EH1 1EL

T: 0131 225 4321
E: mail@jubileescotland.org.uk

  • Accessibility
  • Sitemap
  • Privacy and Cookies

Scottish Charity Number: SC031827 Company Number: SC220549

Copyright © 2021 Jubilee Scotland · Site built by graphics.coop · Powered by WordPress