Thread by @AsianPeoplesMvt

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

Over 1 million houses damaged and destroyed, more than 1,000 deaths and thousands more injured. #CanceltheDebt and climate finance must be delivered immediately to help humanitarian relief and recovery of livelihoods. #SolidaritywithPakistan #ClimateFinanceNow @APMDD_Pakistan

UN launched a humanitarian appeal for $160Mn to aid those affected by the floods but more is needed. And yet, Pakistan is projected to pay $392 million in IMF surcharges for 2021-30 on top of regular debt payments. #StopIMFSurcharges #CanceltheDebt bit.ly/3KUDncp

In #SolidaritywithPakistan, activists held a die-in rally to dramatize the hardships faced by the people burdened by the lack of substantive, just and lasting relief from the debt burden, economic hardships, and climate catastrophe. #DebtJustice #CanceltheDebt #ClimateFinanceNow

Along with IMF's approved $1.1Bn new program comes fiscal belt-tightening and cutting subsidies on essential goods and services--loan conditions that will worsen poverty and fuel greater inequality. No to IMF austerity measures! #SolidaritywithPakistan #FightInequality

📢 @IMFNews @IMFSpokesperson
Unconditional and immediate cancellation of unsustainable and #IllegitimateDebts of Pakistan and all countries of the South!
No to IMF austerity loan conditions!

#SolidarityWithPakistan 🇵🇰