Page 17 - Eric Lecompte News Today

Biden Revives White House Office for Faith-Based Organizations February 15, 2021 President Joe Biden speaks with NIH staff members at the Viral Pathogenesis Laboratory at the National Institutes of Health in Bethesda, Md., Feb. 11, 2021. Biden signed an executive order Feb.14 to reestablish a White House Office of Faith-based and Neighborhood Partnerships created under the Bush administration and revamped during the Obama years. (Photo: CNS/Carlos Barria, Reuters) By John Lavenburg, Nati...

G7-ECONOMY/ (UPDATE 3, PIX, TV):UPDATE 3-U.S. tells G7 that it is back at the table to help with global recovery

US Treasury Secretary Janet Yellen tells her G7 peers that Washington 'places a high priority on deepening our international engagement and strengthening our alliances'

WASHINGTON/LONDON: U.S. President Joe Biden's administration told allies on Friday it was re-engaging with them to help steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone approach of Donald Trump.

WASHINGTON/LONDON: Some Group of Seven (G7) countries are keen to back a new issuance of the International Monetary Fund’s own currency, known as special drawing rights (SDRs), to help low-income countries hit by the coronavirus crisis, a step last taken in 2009. Officials from the US, the IMF’s biggest shareholder, had signaled they were open to a new issuance of $500

Britain said officials discussed giving help to workers and businesses hit by the pandemic.. Read more at straitstimes.com.

Chad has officially requested a debt restructuring, the first country to do so under a new common framework hammered out last year by China and other Group of 20 countries with the help of the Paris Club, the International Monetary Fund said on Wednesday.

Debt burdens of a number of African nations have worsened due to the pandemic’s economic fallout

Zambia seeks debt restructuring under G20 common framework Reuters"> By Reuters - 05 February 2021 - 18:13 Zambian flag Image: Picture: 123RF/GRAF VISION Zambia, which became Africas first pandemic-era sovereign default late last year, said on Friday it had requested a restructuring of its debt under a new framework supported by the Group of 20 major economies. The precarious debt burdens of a number of African nations have worsened due to the economic fallout from t...

After Default, Zambia Becomes Third Country Seeking G20 Debt Relief After Default, Zambia Becomes Third Country Seeking G20 Debt Relief February 05, 2021 Washington DC – Zambia requested the G20 coronavirus debt relief process, the "Common Framework for Debt Treatment beyond the Debt Service Suspension Initiative." The process allows up to 73 of the world’s poorest countries to seek support under the mechanism. “The pandemic is hitting the economies of poor countries pretty hard and many ...