06/08/2026
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PASAY CITY - Global health leaders, parliamentarians, and debt justice advocates gathered in Manila for the Freedom from Debt Press Conference, where they called for urgent reforms to the global debt system and warned that rising debt payments continue to undermine investments in health, education, and social protection in developing countries.
Organized by AIDS Healthcare Foundation (AHF) as part of its global Freedom from Debt campaign, the event was strategically held while international delegates were in Manila for the UNITE Global Summit 2026, providing an opportunity to bring the campaign's message directly to parliamentarians and policymakers from around the world.
Advocates highlighted that 3.4 billion people live in countries that spend more on debt servicing than on health or education, while the Philippines now allocates more than β±2 trillion, or about 30% of its national budget, to debt servicing.
"Every budget season, Filipinos hear promises of better healthcare, education, and social services. But these goals become harder to achieve when a substantial share of public resources is devoted to debt payments," said Raquel Castillo of the Freedom from Debt Coalition Philippines.
Speakers also stressed that debt should be viewed not only as an economic issue but as a public health and development concern.
"Debt is not an abstract economic issue. It affects the services people receive, the opportunities available to communities, and the government's ability to respond during times of crisis," said Dr. Ryan Guinaran, Country Program Manager of AHF Philippines.
The campaign is advancing three key reforms: the establishment of a Borrowers' Forum to strengthen the negotiating power of developing countries, automatic debt-service pauses during public health and climate emergencies, and a 1% AI Solidarity Levy to help fund debt relief and essential public services.
"No country should have to choose between paying its creditors and investing in the health, education, and future of its people. Debt must be a tool for development, not a barrier to it," said Dr. Chhim Sarath, AHF Asia Bureau Chief.
The press conference featured Dr. Chhim Sarath, Ariel TerrΓ³n of the AHF Global Public Health Institute, Guilherme Duarte of the UNITE Parliamentarians Network for Global Health, Raquel Castillo of the Freedom from Debt Coalition Philippines, and Namibian parliamentarian Hon. Utaara Mootu.