260 Faith, Labor and Development Groups Press IMF, G20 and White House on COVID Response
260 Faith, Labor and Development Groups Press IMF, G20 and White House on COVID Response
April 07, 2021
Ahead of Spring IMF and World Bank Meetings, World s Largest Unions, Human Rights Groups, Environmental and Religious Institutions Call for Aid, Debt Relief, Access to Emergency Reserves and Climate Protections
Washington DC – As G20, IMF and World Bank Spring Meetings convene virtually on global COVID response, 260 groups call for developing country aid and policies to prevent future crises and protect the environment.
Organized by Jubilee USA Network, 260 religious groups, anti-poverty organizations, labor unions, environmental and human rights institutions signed a letter on coronavirus crisis response to the White House, G20 and IMF.
Jubilee USA Statement on G20 Communiqué s COVID Response and Recovery Plans
Jubilee USA Statement on G20 Communiqué s COVID Response and Recovery Plans
April 07, 2021
Washington DC – The G20 Finance Ministers and Central Bank Governors met on global COVID-19 response and plans for a green and inclusive recovery ahead of the IMF and World Bank Spring Meetings.
Eric LeCompte the Executive Director of Jubilee USA Network and a United Nations finance expert, releases the following statement on the G20 Communiqué: We ve seen progress on debt relief and aid, but we still need to solve multiple challenges so countries can get through this crisis.
IMF: Indebted Countries Suffer if US Interest Rates Rise
IMF: Indebted Countries Suffer if US Interest Rates Rise
April 06, 2021
Washington DC – The IMF warns that rising US interest rates could impact the ability of developing countries to pay debt, leading to prolonged economic crisis. The warning comes ahead of IMF, G20 and World Bank meetings, with the Fund s release of the Global Financial Stability Report.
“All countries that defaulted over the last year were middle-income countries,” said Eric LeCompte, the Executive Director of the religious development organization Jubilee USA Network. “Unfortunately, developing middle-income countries are not included in IMF and G20 debt relief solutions.
Major economies support $650 billion boost in IMF resources
By MARTIN CRUTSINGERApril 7, 2021 GMT
FILE - The logo of the International Monetary Fund is visible on their building, Monday, April 5, 2021, in Washington. Finance officials of the world’s major economies on Wednesday, April 7, 2021 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. (AP Photo/Andrew Harnik)
FILE - The logo of the International Monetary Fund is visible on their building, Monday, April 5, 2021, in Washington. Finance officials of the world’s major economies on Wednesday, April 7, 2021 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. (AP Photo/Andrew Harnik)
Major economies support $650 billion boost in IMF resources mynorthwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mynorthwest.com Daily Mail and Mail on Sunday newspapers.