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http://www.avaaz.org/en/pakistan_cancel_the_debt/?vl
Pakistan's staggering $55 billion debt burden comes from decades of reckless spending by its autocratic ruling elites, matched by irresponsible lending
on the part of Western creditors and banks.
But 60% of Pakistanis still live below the poverty line. It is a tragic irony that these tens of millions of Pakistanis whose lives have been destroyed in
these floods and who have received little or no benefit from these massive loans, are the ones now footing the bill of such unjust debt.
In the aftermath of Haiti's earthquake, Hurricane Mitch in Central America, and the Asian tsunami, the world responded by suspending and cancelling debt
payments from affected countries. Pakistan's debt is too vast to cancel in one swoop, but a two year moratorium with accountability mechanisms to
ensure that the released funds are spent on relief is a first step and now is the moment to push for it.
Together we have donated a stunning $1 million which is already making a difference to desperate Pakistani flood victims. But if we win this debt
campaign, we can make billions available for relief and reconstruction. Let's make sure the international community does the right thing. Sign the urgent
petition below and share this message with all your friends and family:
http://www.avaaz.org/en/pakistan_cancel_the_debt/?vl
With hope and solidarity,
Luis, Iain, Paula, Ricken, Alice, Pascal and the entire Avaaz team
PS - Over the last 2 weeks, thousands of us have contributed US$1 million for relief and recovery from the Pakistan floods, which has been sent to
support the Sungi Development Foundation, Hirrak Development Centre (HDC), Participatory Welfare Services (PWS) and other outstanding local
organisations provide life-saving food, water, shelter and medical care across the country.
Sources:
Race against winter in Pakistan's north-west:
http://www.bbc.co.uk/news/world-south-asia-11128880
Reuters, IMF talks: all options being explored to help Pakistan:
http://www.reuters.com/article/idUSN26195747._CH_.2400
"Fuelling Injustice: Debt and Muslim countries", Report by Jubilee Debt Campaign and Islamic Relief UK:
http://www.jubileedebtcampaign.org.uk/?lid=6302&bid=13
Jubilee USA Network Calls for Immediate Debt Service Moratorium in Response to Disaster, Assistance in Grant Form:
http://www.jubileeusa.org/press/press-item/article/new-debt-for-disaster-for-pakistan.html?tx_ttnews[backPid]=170&cHash=02e62f133f
EURODAD, "Pakistan needs debt cancellation, not new IMF loans":
http://www.eurodad.org/whatsnew/articles.aspx?id=4220
Support the Avaaz community! We're entirely funded by donations and receive no money from governments or corporations. Our dedicated team ensures
even the smallest contributions go a long way -- donate here.
Pakistan's staggering $55 billion debt burden comes from decades of reckless spending by its autocratic ruling elites, matched by irresponsible lending
on the part of Western creditors and banks.
But 60% of Pakistanis still live below the poverty line. It is a tragic irony that these tens of millions of Pakistanis whose lives have been destroyed in
these floods and who have received little or no benefit from these massive loans, are the ones now footing the bill of such unjust debt.
In the aftermath of Haiti's earthquake, Hurricane Mitch in Central America, and the Asian tsunami, the world responded by suspending and cancelling debt
payments from affected countries. Pakistan's debt is too vast to cancel in one swoop, but a two year moratorium with accountability mechanisms to
ensure that the released funds are spent on relief is a first step and now is the moment to push for it.
Together we have donated a stunning $1 million which is already making a difference to desperate Pakistani flood victims. But if we win this debt
campaign, we can make billions available for relief and reconstruction. Let's make sure the international community does the right thing. Sign the urgent
petition below and share this message with all your friends and family:
http://www.avaaz.org/en/pakistan_cancel_the_debt/?vl
With hope and solidarity,
Luis, Iain, Paula, Ricken, Alice, Pascal and the entire Avaaz team
PS - Over the last 2 weeks, thousands of us have contributed US$1 million for relief and recovery from the Pakistan floods, which has been sent to
support the Sungi Development Foundation, Hirrak Development Centre (HDC), Participatory Welfare Services (PWS) and other outstanding local
organisations provide life-saving food, water, shelter and medical care across the country.
Sources:
Race against winter in Pakistan's north-west:
http://www.bbc.co.uk/news/world-south-asia-11128880
Reuters, IMF talks: all options being explored to help Pakistan:
http://www.reuters.com/article/idUSN26195747._CH_.2400
"Fuelling Injustice: Debt and Muslim countries", Report by Jubilee Debt Campaign and Islamic Relief UK:
http://www.jubileedebtcampaign.org.uk/?lid=6302&bid=13
Jubilee USA Network Calls for Immediate Debt Service Moratorium in Response to Disaster, Assistance in Grant Form:
http://www.jubileeusa.org/press/press-item/article/new-debt-for-disaster-for-pakistan.html?tx_ttnews[backPid]=170&cHash=02e62f133f
EURODAD, "Pakistan needs debt cancellation, not new IMF loans":
http://www.eurodad.org/whatsnew/articles.aspx?id=4220
Support the Avaaz community! We're entirely funded by donations and receive no money from governments or corporations. Our dedicated team ensures
even the smallest contributions go a long way -- donate here.
Dear Friends,
Whilst tens of millions struggle to survive the flood devastation, 30% of
Pakistan's budget revenue will be sent abroad to foreign creditors for massive
loans made to dictators years ago. Sign the petition to stop Pakistan's crippling
debt:
As Pakistan struggles to rescue families from flood waters and fend off disease
and starvation before winter sets in, it is scrambling to pay out a shocking 30%
of its annual budget revenues to foreign creditors on debt incurred by previous
dictatorships.
If Pakistan is obliged to make these debt payments, rescue efforts for tens of
millions of people whose lives have been devastated could be crippled. Earlier
this year, we persuaded creditor governments to drop Haiti's debt after it was
devastated by an earthquake -- and now we could do the same for Pakistan.
Right now international financial institutions and donor countries are assessing
how to assist Pakistan. Let's come together and call for life-saving debt
relief for the people of Pakistan. Sign the petition below to stop these
stifling debt payments and let Pakistan rebuild, and it will be delivered
directly to ministers and senior officials attending the Annual
Meetings of the World Bank and the International Monetary Fund (IMF).
Whilst tens of millions struggle to survive the flood devastation, 30% of
Pakistan's budget revenue will be sent abroad to foreign creditors for massive
loans made to dictators years ago. Sign the petition to stop Pakistan's crippling
debt:
As Pakistan struggles to rescue families from flood waters and fend off disease
and starvation before winter sets in, it is scrambling to pay out a shocking 30%
of its annual budget revenues to foreign creditors on debt incurred by previous
dictatorships.
If Pakistan is obliged to make these debt payments, rescue efforts for tens of
millions of people whose lives have been devastated could be crippled. Earlier
this year, we persuaded creditor governments to drop Haiti's debt after it was
devastated by an earthquake -- and now we could do the same for Pakistan.
Right now international financial institutions and donor countries are assessing
how to assist Pakistan. Let's come together and call for life-saving debt
relief for the people of Pakistan. Sign the petition below to stop these
stifling debt payments and let Pakistan rebuild, and it will be delivered
directly to ministers and senior officials attending the Annual
Meetings of the World Bank and the International Monetary Fund (IMF).