Fw: [FDC-e] Please support the call for a Debt-Free East Timor!

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Rich De Los Santos

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Aug 31, 2011, 11:02:09 PM8/31/11
to women's committee e-group

Dear FDC Women's Committee members,

Magandang umaga!

Itanong ko lang po kung gustong pumirma ng inyong mga org dito? At Tayo bilang Women's Committee ay gusto ring pumirma dito?

Maraming salamat!

Rich de los Santos
Campaign Support Staff
Freedom from Debt Coalition (www.fdc.ph)


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Sent: Thursday, September 1, 2011 3:08 AM
Subject: [FDC-e] Please support the call for a Debt-Free East Timor!

 
Dear Friends and Colleagues,
 
Last call for signatories for a "Debt-Free East Timor"! Please sign on before 6 pm Manila time tomorrow.
 
Pls find statement below with partial list of signatories.
 
Lidy
 
For a Debt-Free East Timor!
 
We, the undersigned Timor-Leste and international organizations, urge the government of Timor-Leste to keep the nation debt-free and refrain from borrowing money from international lenders.
 
We do not take this position to hold Timor-Leste back, but to protect its future generations. Rather than repeat the mistakes of other developing countries that have struggled with debt during recent decades, Timor-Leste should learn from their experiences, which often inflicted great hardships on their people. This is especially important because of Timor-Leste’s high dependence on exporting non-renewable oil and gas wealth, a resource which will run out soon.
 
More than thirty years ago, lenders made loans to developing countries, creating unsustainable debt and causing the "debt crises" of the 1980s and 1990s. Today, creditors continue to drain scarce resources that could have been spent on essential services like health care, education, water and sanitation. International financial institutions - like the IMF and the World Bank - forced countries which owed them money to implement so-called austerity measures, demanding cuts in public services in order to repay debt. This has included the privatization of state services like water and electricity.
 
The poorest and most vulnerable members of society have been forced to pay more for essential services, and salaries of public servants have been lowered. Even when loans are made at concessional interest rates, borrowing countries are often legally obligated to prioritize debt payments above their people's needs.
 
Some argue that revenue from Timor-Leste’s oil and gas wealth can provide a cushion against which to borrow. History proves such thinking is wrong. The more oil a country produces and the greater its dependence on petroleum exports, the more debt that country is likely to accumulate – and Timor-Leste today is the most petroleum-export-dependent country in the world, with oil and gas providing 95% of state revenues.
 
Oil prices and interest rates are very volatile and beyond Timor-Leste’s control, leaving it especially at risk, as petroleum revenues will decline and interest rates may rise while loans are still being paid back. When Timor-Leste's oil and gas run out in less than 15 years, and debts still must be repaid, Timor-Leste’s children and grandchildren will suffer the consequences.
 
In most developing countries with oil resources, worsening economic and development conditions with little long term benefit are the result, including increased conflict, impoverishment, and corruption. Timor-Leste should avoid such a tragedy by learning from other’s experiences, not repeating them.  The Democratic Republic of Timor-Leste began life in 2002 without owing money to anyone. For the sake of an equitable, prosperous, and environmentally sound future for today’s and tomorrow’s children, Timor-Leste should remain debt-free.
 
We urge Timor-Leste’s leaders and international institutions to use other ways to finance the country’s much-needed development.
 
East Timor
La'o Hamutuk
Hasatil (Haburas Agrikultura Sustentavel Timor-Leste)
ETADEP (East Timor Development Action and Peace)
Haburas Foundation
Mata Dalan Institute (MDI)
Ponta-Leste Watch((PLW)
Community Development Interest (CDI)
Movimento Kontra Deve (KONDENA)
Fundasaun Mahein
Instituisaun Edukasaun Popular (IEP)
Front Mahasiswa Timor-Leste
Movimentu Estudantes Fakuldade  Ekonomia -Timor-Leste (MEFE-TL)
KNUA HABERAN COMUNIDADE (KHC)

International and Regional Networks
East Timor and Indonesia Action Network (ETAN), USA
Jubilee South Asia Pacific Movement on Debt and Development (JSAPMDD)
Sustainable Energy & Economy Network/Institute for Policy Studies
CADTM International Network
LDC Watch
South Asia Alliance for Poverty Eradication (SAAPE)
Asian Regional Exchange for New Alternatives (ARENA)
Global Network Against Weapons & Nuclear Power in Space
 
North America
Jubilee USA Network
Jubilee NW, USA
Baltimore Nonviolence Center, USA
Green Delaware , USA
 
Europe
Foundation ProPapua, The Netherlands
Swedish East Timor Committee
Who owes whom? campaign / Campaña ¿Quién debe a Quién? - SPAIN
Observatorio de la Deuda en la Globalización – SPAIN
Ongd AFRICANDO Ingenio (Canary islands) SPAIN
 
Asia and the Pacific
Justice for Palestine Matters, Sydney, Australia
Civil Society Forum for Climate Justice, Indonesia
JATAM (Jaringan Advokasi Tambang)/ Indonesia Mining Advocacy Network
JATAM/Friends of Earth (FoE) of East Java
Pantau Foundation, Indonesia
WALHI - Friends of The Earth, Indonesia
International NGO Forum on Indonesian Development (INFID)
KRUHA Indonesia
Solidaritas Perempuan, Indonesia
Koalisi Anti Utang (KAU), Indonesia
Indian Social Action Forum (INSAF), India
Bangladesh Krishok Federation
Equity and Justice Working Group (EquityBD),  Bangladesh
SUPRO, Bangladesh
Nabodhara, Bangladesh
Resource Integration Centre, Bangladesh
All Nepal Peasants' Federation (ANPFa)
Right to Food Network (RtFN), Nepal
Rural Reconstruction Nepal (RRN)
Jagaran Nepal
Aniban ng Manggagawa sa Agrikultura (AMA), Philippines
Freedom from Debt Coalition – Philippines
Freedom from Debt Coalition – Iloilo Chapter, Philippines
Freedom from Debt Coalition – Negros Chapter, Philippines
Freedom from Debt Coalition - Socsksargen Chapter, Philippines
Freedom from Debt Coalition – Western Mindanao Chapter, Philippines
Farmers Forum - South Cotabato,  Philippines
Kalimudan Culture and Arts Center – Mindanao, Philippines
KAISA – University of the Philippines Diliman, Philippines
Partido ng Manggagawa, Philippines
Sanlakas Youth, Philippines
Samahang Demokratiko ng Kabataan (SDK), Philippines
Youth for Nationalism and Democracy (YND), Philippines
Youth Against Debt (YAD), Philippines
Faith-based Congress Against Immoral Debts (FCAID), Philippines
WomanHealth Philippines
Pakistan Fisherfolk Forum
EARTH (Ecological Alert and Recovery-Thailand
 
Latin America and the Caribbean
USAAidwatch, AustraliaProceso de Comunidades Negras (Palenke Alto Cauca) Colombia
 
Africa
Jamaa Resource Initiatives, Kenya
 
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judy ann miranda

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Sep 1, 2011, 9:27:19 AM9/1/11
to wc_...@googlegroups.com
I agree with the statement.
I hope everyone in the FDC Women committee agrees to sign the document.


--- On Thu, 9/1/11, Rich De Los Santos <rich...@yahoo.com> wrote:
.

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