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The Philippine Debt Campaign |
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The heightened attention and alarm over the country's fiscal and debt situation contributed greatly to the build-up of support for the FDC campaign on the debt, especially the call for the audit of all public debts and contingent liabilities. Click for FDC's call for comprehensive audit of public debt and contingent liabilities. Philippine_Country_Experience_Debt_Audit
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Philippine Experience on Power Privatization |
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Freedom from Debt Coalition
Overview
1987 – government first opened power generation to the private sector. Then President Aquino said that government needs the private sector to invest in the power sector to avert a possible power crisis in the late 1980s until early 1990s.
1991-1995 – the Philippines had experienced a crippling power crisis. Thus, the Philippine Legislature granted then President Ramos special powers to enter into contracts with privately-owned (and mostly foreign-controlled) independent power producers. To entice the private sector investors, the Ramos administration granted them handsome guarantees for their profits, fuel needs, equity guarantees, and foreign exchange guarantees.
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Panay – at the tail-end |
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Issues, struggles and campaigns
on the power sector
in the Island of Panay, Philippines
by Ian M. Seruelo
Freedom from Debt Coalition
Iloilo Provincial Chapter
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The island of Panay is part of the Visayas islands, the island group in the middle of the Philippine archipelago. It is composed of 4 provinces –Iloilo, Capiz, Aklan and Antique. Found at the bottom part of Panay is the island-province of Guimaras.
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ECAs in the Philippine Power Sector and the Continuing Debt Problem |
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Maristella Cardenas
Freedom from Debt Coalition-Philippines
Introduction
Most, if not all, of the projects that Export Credit Agencies (ECAs) support have only redounded to more harm than good for the people of the “recipient countries”. These projects guarantee profits of private companies while ignoring the financial, economic, social, and environmental impacts to the supposed beneficiaries of the project – the consumers, taxpayers, and host communities.
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Consumers, farmers and environment duped in privatization of water in the Philippines |
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,,The government should turn the tap''
From our editor in the Philippines
CALAPAN/MANILA – “In the mean time I still can give drink to my pigs. My well is almost 80 meters deep. But the one of my neighbor, which is only half as deep, doesn’t provide a single drop anymore. At that level, the water already has been drained by a huge drilling pit of a private water supplier. Later he might even let us pay for the water he first stole from us.”
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