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The Saker
A bird's eye view of the vineyard

offsite link Why America?s revolution won?t be televised Wed Jun 03, 2020 18:34 | amarynth
by Pepe Escobar – posted with permission The so far purely emotional insurrection lacks political structure and a credible leader to articulate grievances   The Revolution Won?t Be Televised because this

offsite link Protesting, corona-conscience, a good dole: the US is doing things it can?t & it?s chaos Wed Jun 03, 2020 18:21 | amarynth
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offsite link Italy?s worst virus? Its ultracasta Tue Jun 02, 2020 13:01 | amarynth
by Postfataresurgo for the Saker Blog Years ago, as Italy?s real estate market was spiraling upward after the euro came into effect, I strived to be of assistance to a

offsite link Lebanon?s path of corruption and destruction Tue Jun 02, 2020 12:52 | amarynth
By Intibah Kadi for the Saker Blog With COVID-19 capturing almost total world attention, eyes are not focused on the numerous alarming events occurring around the world. In Lebanon, a

The Saker >>

Human Rights in Ireland
A Blog About Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

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Human Rights in Ireland >>

Cedar Lounge
"A flaky website that purports to be ?leftist,? The Cedar Lounge Revolution, occasionally makes a relevant point or two."

offsite link Assumptions? wrong 11:19 Wed Jun 03, 2020 | WorldbyStorm

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Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Some Thoughts on the Brexit Joint Report 11:50 Sat Dec 09, 2017

offsite link IRISH COMMONWEALTH: TRADE UNIONS AND CIVIL SOCIETY IN THE 21ST CENTURY 14:06 Sat Nov 18, 2017

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offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

Dublin Opinion >>

President Trump Authorizes Somalia Debt Relief

category international | miscellaneous | press release author Saturday December 21, 2019 15:12author by Kate Zeller - Jubilee USA Network Report this post to the editors

President Trump signed a year-end spending bill which authorizes the first phase of debt relief for Somalia.

Washington DC - President Trump signed a year-end spending bill which authorizes the first phase of debt relief for Somalia. Earlier in the week Congress passed the spending package which included $35 million to begin paying the principle of $1.1 billion in US held Somalia debt.

"Relieving Somalia's debt could mean building new roads, women's empowerment, kids going back to school and moving forward measures to end extreme poverty," stated Eric LeCompte, the Executive Director of the religious development group Jubilee USA. Jubilee USA worked on debt relief for Somalia for the last two years.

On Wednesday, the International Monetary Fund announced it is organizing the cancellation of its share of Somalia debt which stands at around $140 million.

"We are seeing good progress from the United States Government and the IMF on Somalia debt relief," noted LeCompte who serves on United Nations debt expert groups. "Almost three-quarters of the Somalia population lives in extreme poverty and debt relief is desperately needed."

Somalia owes about $4.6 billion in debt. The United States is the largest creditor holding $1.1 billion in Somalia debt. The majority of the remainder of the debt is held by the International Monetary Fund, World Bank, France and Italy.

Related Link: http://www.jubileeusa.org
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