From:   acpollack2@juno.com
Sent time:   Tuesday, October 18, 2011 10:56:01 AM
To:   september17@googlegroups.com
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 <fbp@igc.org>
To: ufpj-news@yahoogroups.com
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:
<http://www.gopetition.com/petitions/support-a-debt-free-timor-leste.html>http://www.gopetition.com/petitions/support-a-debt-free-timor-leste.html

Background:

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."
http://etan.org/news/2011/08debt.htm

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 (www.etan.org), 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 http://www.laohamutuk.org/econ/debt/09Borrowing.htm and
Tetum: http://www.laohamutuk.org/econ/debt/09BorrowingTe.htm

Sign the petition:
<http://www.gopetition.com/petitions/support-a-debt-free-timor-leste.html>http://www.gopetition.com/petitions/support-a-debt-free-timor-leste.html

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:
<http://www.gopetition.com/petitions/support-a-debt-free-timor-leste.html>http://www.gopetition.com/petitions/support-a-debt-free-timor-leste.html

etanetanetanetanetanetanetanetanetanetanetanetan

Please donate! Support ETAN: http://www.etan.org/etan/2011micaapp.htm

Follow ETAN on Twitter: http://twitter.com/etan009

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: john@etan.org Skype: john.m.miller

Website: http://www.etan.org
Blog: http://etanaction.blogspot.com/
Facebook: http://apps.facebook.com/causes/134122?recruiter_id=10193810
Twitter: http://twitter.com/etan009

Send a blank e-mail message to info@etan.org to find out how to learn
more about East Timor and Indonesia on the Internet

etanetanetanetanetanetanetanetanetanetanetanetan

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