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Yellen backs new allocation of IMF s SDR currency to help poor nations

5 Min Read WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Thursday threw her support behind a new allocation of the IMF’s own currency, or Special Drawing Rights, but said broad parameters were needed to boost transparency on how the reserves are used and traded. FILE PHOTO: Federal Reserve Chairman Janet Yellen speaks during a news conference after a two-day Federal Open Markets Committee (FOMC) policy meeting, in Washington, U.S., September 20, 2017. REUTERS/Joshua Roberts Reversing the opposition of the Trump administration, Yellen told G20 finance officials in a letter that a new SDR allocation could boost liquidity for poor countries, which have been particularly hard hit by the global coronavirus pandemic.

United statesWorld bankDistrict of columbiaAlexandra hudsonPaul simaoChizu nomiyamaDavid lawderAndrea shalalEric lecompteJonathan oatisThomson reuters trust principlesJubilee united states networkUs congressInternational monetary fundGrowth trustFund poverty reduction

G20 urged to back IMF issuance to help poor countries in pandemic

G20 urged to back IMF issuance to help poor countries in pandemic
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United statesDonald trumpJoe bidenJubilee united states networkInternational monetary fundSpecial drawing rightsPresident donald trumpPresident joeDirector kristalina georgievaCatholic bishopsPresident joe bidenஒன்றுபட்டது மாநிலங்களில்டொனால்ட் துருப்புஓஹோ பிடென்ஜூபிலி ஒன்றுபட்டது மாநிலங்களில் வலைப்பின்னல்சர்வதேச பண நிதி

Catholic Bishops and Jubilee USA Network Ask Biden for Global COVID Aid and Debt Relief

Catholic Bishops and Jubilee USA Network Ask Biden for Global COVID Aid and Debt Relief Catholic Bishops and Jubilee USA Network Ask Biden for Global COVID Aid and Debt Relief February 23, 2021 $3 Trillion in Global Reserve Funds Should be Released to Support Developing Countries, Encourage Faith Leaders Washington DC – The Biden Administration should support the release of $3 trillion in global reserve funds to support developing countries confront the COVID pandemic, say the US Catholic Bishops and Jubilee USA Network in a letter to President Biden. The letter also encourages the G20 and private groups to cancel debts for suffering developing countries, stopping tax avoidance, increasing aid and creating a permanent global bankruptcy process to prevent future economic crises.

United statesWorld bankDistrict of columbiaJanet yellenEric lecompteBishop davidj malloyJubilee united states networkCatholic churchBiden administrationCommittee on international justiceGlobal reserve funds shouldSupport developing countriesEncourage faithBishop davidInternational justiceCatholic bishops

Devex Highlights Joint USCCB-Jubilee Letter to President Biden

Devex Highlights Joint USCCB-Jubilee Letter to President Biden
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United statesWhite houseDistrict of columbiaCatholic bishopDonald trumpJubilee united states networkUnited states conferencePresident donald trumpஒன்றுபட்டது மாநிலங்களில்வெள்ளை வீடுமாவட்டம் ஆஃப் கொலம்பியாகத்தோலிக் பிஷப்டொனால்ட் துருப்புஜூபிலி ஒன்றுபட்டது மாநிலங்களில் வலைப்பின்னல்ஒன்றுபட்டது மாநிலங்களில் மாநாடுப்ரெஸிடெஂட் டொனால்ட் துருப்பு

US bishops call on Biden to sponsor a boost of IMF resources to support poor countries

US bishops call on Biden to sponsor a boost of IMF resources to support poor countries
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United statesJubilee united states networkInternational monetary fundWorld bankUnited states conferenceCatholic bishopsPresident joe bidenRoman catholicSpecial drawing rightsஒன்றுபட்டது மாநிலங்களில்ஜூபிலி ஒன்றுபட்டது மாநிலங்களில் வலைப்பின்னல்சர்வதேச பண நிதிஉலகம் வங்கிஒன்றுபட்டது மாநிலங்களில் மாநாடுகத்தோலிக் ஆயர்கள்ப்ரெஸிடெஂட் ஓஹோ பிடென்