Linked with Jubilee South JS, and with Total and Unconditional DebtCancellation.
She is the International Coordinator of Jubilee South, a network of anti-debt coalitions in more than 60 countries across Asia, Africa, and Latin America. She also currently serves as vice president of Freedom from Debt Coalition in the Phillippines, the oldest organization working for debt cancellation since 1988. (greenfestivals.org).
Lidy is also Vice-President of the Freedom from Debt Coalition in the Philippines and was previously its Secretary-General. Prior to that, Lidy was a student activist during the time of the Marcos dictatorship in the Philippines. A passionate political activist and feminist, she has campaigned on issues of debt, democratisation and citizenship for more than 20 years. (full text)
She says: « It is a lie that IFIs are giving loans to ‘poor’ countries because they need capital. It is a lie that the goal of these organizations is poverty reduction and development. It is business lending, pure and simple. And the biggest lie is lie of the ‘poor’ countries’ call them poor, developing, backward, whatever. We call them the Global South, not in geographical terms but as a term of reference. The fact is that as of today, more funds are flowing from the Global South to the North than vice versa. The powerful countries are financing us with our own money. The so called poor countries are not poor at all, they are supplying huge amounts of riches to the rich and powerful countries, while unable to retain any for themselves. If this plunder of the South stops, the so called poor countries would not have any need for loans ». June 9, 2006. (full text).
Lidy Nacpil – Philippines
As the G8 Closes … , June 8, 2007.
She says also: « The G-8 governments claim to support calls for responsible behavior by lenders like vulture funds, » Lidy Nacpil, of Jubilee South, said in a statement. « But the G-8 must recognize that the issue of irresponsible lending and illegitimate debt begins first and foremost with themselves ». (full text).