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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 pr...

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...

World Council of Churches Quotes Eric LeCompte on Civil Society Policy Forum World Council of Churches Quotes Eric LeCompte on Civil Society Policy Forum April 01, 2021 World Council of Churches Quotes Eric LeCompte on faith-based organizational meetings with the IMF and World Bank to discuss global debt reductions. Read an excerpt below, and click here for the full story. As debt piles onto the backs of poor countries, Christian community calls for relief Jeronim Zettelmeyer, deputy director of the International Monetary Fund’s Strategy, Policy and Review Department, shared current efforts...

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, Mo...

(Adds dropped word in first paragraph) FILE PHOTO: U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) - Women now hold many of the jobs controlling the world’s largest economy - and they’re trying to fix it. Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo and trade czar Katherine Tai hold top jobs in U.S. President Joe Biden’s administration and many of his economic advis...