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Treasury Secretary Yellen and Religious Leaders Hold Historic Meeting on Global COVID Response

Treasury Secretary Yellen and Religious Leaders Hold Historic Meeting on Global COVID Response Treasury Secretary Yellen and Religious Leaders Hold Historic Meeting on Global COVID Response March 16, 2021 Debt Relief, Transparency, Climate, Aid, Puerto Rico, SDR Reserves and Bankruptcy Discussed Washington DC – Treasury Secretary Janet Yellen, Jubilee USA Network and some of the highest-ranking religious leaders met on global COVID response on Tuesday. The high-level roundtable discussion focused on emergency SDR reserve funds, debt policies, aid, climate change, Puerto Rico relief and bankruptcy, transparency and tax proposals to prevent future crises. The meeting with Secretary Yellen and leaders from the largest faith traditions was historic, noted Jubilee USA Executive Director Eric LeCompte who organized the meeting. Since the beginning of the pandemic, religious institutions have called for responses to the COVID crisis that protect the vulnerable and address inequali

Yellen says poor nations need COVID-19 aid

Yellen says poor nations need COVID-19 aid Jordan Williams © Getty Images Treasury Secretary Janet Yellen Treasury Secretary Janet Yellen on Tuesday said poorer nations will need continued coronavirus relief given the pandemic s role in widening economic inequality everywhere. Yellen made the comments during a discussion with interfaith leaders as well as leaders from nonprofit Jubilee USA, according to a readout of the meeting posted by the Treasury Department. The Secretary observed that the pandemic has accelerated global economic inequality, and with limited policy space, low-income countries will need continued international support to address the COVID-19 crisis, the department said. Yellen also noted the Treasury Department s support for the Debt Service Suspension Initiative, which was established by G-20 nations to provide debt relief for low-income countries, and for the Common Framework for debt treatments, which helps countries achieve long

Reuters Quotes Eric LeCompte on Meeting with Secretary Yellen and Faith Leaders

Reuters Quotes Eric LeCompte on Meeting with Secretary Yellen and Faith Leaders Reuters Quotes Eric LeCompte on Meeting with Secretary Yellen and Faith Leaders March 17, 2021 Reuters quotes Eric LeCompte on Jubilee USA s meeting with Treasury Secretary Yellen along with many religious faith leaders. Read an except below, and click here for the full story. Yellen vows to use full power of U.S. government to tackle climate change By Andrea Shalal Yellen also said she saw a potential new allocation of the International Monetary Fund’s emergency reserves, or Special Drawing Rights, as part of a broader package of assistance to low-income countries, but gave no details.

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