Sent time:   Tuesday, October 18, 2011 10:56:01 AM
Subject:   [september17discuss] Fw: Don't Let the Bankers Occupy Timor - Sign the petition For Debt-F ree Timor-Leste

 apropos of Shaista's latest:
---------- Original Message ----------
From: ETAN <>
Subject: [ufpj-news] Don't Let the Bankers Occupy Timor - Sign the petition For  Debt-Free Timor-Leste
Date: Tue, 18 Oct 2011 09:10:25 -0400

Sign the petition:


The Government of Timor-Leste is currently free of debt. Despite
current substantial income from petroleum resources, the government
has announced plans to begin borrowing.

In September, more than 137 organizations based in 32 countries
endorsed a statement that urged "the government of Timor-Leste to
keep the nation debt-free and refrain from borrowing money from
international lenders.... to protect its future generations." The
groups argue that "Rather than repeat the mistakes of other
developing countries that have struggled with debt during recent
decades, Timor-Leste should learn from their experiences, which often
inflicted great hardships on their people."

Income from oil and gas provides 95% of state revenue, making
Timor-Leste the most petroleum-export dependent country in the world.
Timor-Leste has not yet borrowed funds from other countries or
international financial institutions, but the government has passed
laws to enable borrowing. In the 2012 budget, the government has
proposed borrowing.

This petition is a joint project of the the Movimento Kontra Deve, a
coalition of civil society organizations in Timor-Leste opposed to
their country taking out loans, and the East Timor and Indonesia
Action Network (, a 20-year old U.S.-based group working
in solidarity with the people of Timor-Leste.

Additional background on Timor-Leste and borrowing can be found in
English at and

Sign the petition:

Petition Text

We, the undersigned, urge the government of Timor-Leste to keep the
nation debt-free and refrain from borrowing from international lenders.

We come from many countries, including those that have experienced
onerous conditions that placed a priority on repaying loans over the
needs of our people. Others of us come from nations that have imposed
those conditions.

We have seen how too many developing countries have struggled with
debt. We urge Timor-Leste to learn from their experiences.

Despite Timor-Leste's current petroleum wealth, when Timor-Leste's
oil and gas run out in less than 15 years and loans still must be
repaid, Timor-Leste's children and grandchildren will suffer the consequences.

Sign the petition:


Please donate! Support ETAN:

Follow ETAN on Twitter:

John M. Miller, National Coordinator
East Timor & Indonesia Action Network (ETAN)
PO Box 21873, Brooklyn, NY 11202-1873 USA
Phone: +1-718-596-7668 Mobile phone: +1-917-690-4391
Email: Skype: john.m.miller


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more about East Timor and Indonesia on the Internet


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