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Common Dreams Quotes Eric LeCompte on Debt Relief

Common Dreams Pens In-Depth Article on Jubilee COVID Letter Endorsed by 260 Organizations Common Dreams Pens In-Depth Article on Jubilee COVID Letter Endorsed by 260 Organizations April 07, 2021 Common Dreams quotes Eric LeCompte on Jubilee USA s letter urging additional debt relief measures in low- and middle-income countries. Read an excerpt below, and click here for the full story. We Must Do More : Hundreds of Advocacy Groups Urge Biden, G20, and IMF to Increase Pandemic Aid By Common Dreams While both the G20 and IMF have agreed to temporarily suspend debt payments for dozens of developing nations, Eric LeCompte, a United Nations finance expert who heads the Jubilee USA Network, said these moves are not enough. 

Pope Francis warns us: Covid-19 is not the only global crisis we re facing right now

Pope Francis leads his general audience in the library of the Apostolic Palace at the Vatican April 7, 2021. (CNS photo/Vatican Media) Pope Francis has highlighted a global crisis that has been obscured by the inescapable Covid-19 catastrophe but has the potential to lead to comparable human suffering. In a letter on April 8 to the participants in the spring 2021 virtual meeting of the World Bank and the International Monetary Fund, Pope Francis called for “a model of ‘recovery’” from Covid-19 “capable of generating new, more inclusive and sustainable solutions to support the real economy. and the universal common good,” not “a return to an unequal and unsustainable model of economic and social life, where a tiny minority of the world’s population owns half of its wealth.”

Major economies support $650 billion boost in IMF resources | News, Sports, Jobs

The Associated Press ap photo The logo of the International Monetary Fund is visible on their building Monday in Washington. WASHINGTON Finance officials of the world’s major economies on Wednesday agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion as a way to provide more support to vulnerable countries struggling to deal with a global pandemic. The Group of 20 major industrial countries issued a joint statement that also announced the approval of a final six-month moratorium on debt payments by 73 of the world’s poorest countries. The proposal to increase the IMF’s resources received a boost earlier this year when it got the backing of the Biden administration. The resources are known as IMF Special Drawing Rights and create an asset that countries can use to bolster their own reserves.

Major economies support US$650-billion boost in IMF resources

Major economies support US$650-billion boost in IMF resources
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.

Major economies support US$650-billion boost in IMF resources

Major economies support US$650-billion boost in IMF resources
jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.

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