Eight national and Asian regional organizations based in the Philippines, Indonesia, Bangladesh, Pakistan, and Sri Lanka on Wednesday asked China to listen to the voices of the people in communities most directly affected by Belt and Road Initiative (BRI) projects.
Lidy Nacpil, coordinator of the APMDD, said today the new Department of Energy moratorium on new coal-fired power plant projects is a step in the right direction even as she called on the Philippine government to adopt soonest “a total-coal-exit policy.”
Last week saw a divided world on the issue of debt.
On October 12 to 18, the International Monetary Fund (IMF) and the World Bank (WB) gathered the world’s finance officials and central bankers in their annual Joint Conference, held online for the first time. The main agenda: how to address the world’s health and economic crises through new loans, new financing mechanisms and new programs to ease the debt servicing burden of borrowing countries.