Discover and read the best of Twitter Threads about #IllegitimateDebts

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Happening now: Activists from @AsianPeoplesMvt in Manila gathered to show #SolidaritywithPakistan people who are bearing the brunt of debt, humanitarian, and climate crises. Intense rainfall and floods left 33 million in dire need of urgent relief and protection. #CanceltheDebt
Before the floods, public debt was already unsustainable: $242Bn in 2021, $7 billion more than 2020. $5Bn paid to foreign lenders in Jul-Dec 2021 alone. Continued debt service will divert funds for emergency relief and climate resilience. #CanceltheDebt #SolidaritywithPakistan
“People are dying from the devastating impacts of the debt crisis and the climate
emergency” @lnacpil, APMDD coordinator, expressed #SolidaritywithPakistan affected by
unprecedented heavy, continuous monsoon rains and onslaught of flash floods. #CanceltheDebt
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