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The Saker
A bird's eye view of the vineyard

offsite link Azerbaijani Troops Are At Gates Of Capital Of Nagorno-Karabakh Republic Fri Oct 30, 2020 18:19 | amarynth
South Front The Nagorno-Karabakh war has apparently been developing in the favor of the Turkish-Azerbaijani bloc. On the evening of October 29, the Armenian side confirmed that Azerbaijani troops have

offsite link A Dem Presidency means The Return of the Blob Fri Oct 30, 2020 12:07 | amarynth
by Pepe Escobar with permission and cross posted with Asia Times What happens on November 3rd ? It?s like a larger than life replay of the famous Hollywood adage: ?No

offsite link Data in the Cloud Fri Oct 30, 2020 12:05 | amarynth
by Jimmie Moglia for the Saker Blog If flattery is the infantry of negotiations, then mendacity is the air force of politics. There are exceptions, but as a practical rule

offsite link MUST SEE interview of Glenn Greenwald MUST SEE Fri Oct 30, 2020 03:38 | The Saker
Note: listen to what a REAL progressive/Leftist thinks of the Dems and what they represent!

offsite link Cui bono from the situation in France Thu Oct 29, 2020 19:22 | The Saker
I won’t even bother repeating it all here, those who are interested in my views of this entire Charlie Hebdo canard can read my article “I am NOT Charlie” here:

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link David Quinn’s selective tolerance

offsite link A Woulfe in judges clothing Anthony

offsite link Sarah McInerney and political impartiality Anthony

offsite link Did RTE journalists collude against Sinn Fein? Anthony

offsite link Irish Examiner bias Anthony

Public Inquiry >>

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

Spirit of Contradiction >>

G7 Finance Ministers Support Debt Relief for Poor Countries Combating COVID-19 Crisis

category international | economics and finance | press release author Friday September 25, 2020 21:38author by Zach Conti - Jubilee USA Report this post to the editors

The G7 supports a process for debt cancellation for vulnerable countries, they announced this morning after Treasury convened a special Finance Ministers meeting.

The G7 supports a process for debt cancellation for vulnerable countries, they announced this morning after Treasury convened a special Finance Ministers meeting. In a G7 statement, the ministers also encouraged an extension of the G20 Debt Service Suspension Initiative (DSSI) into next year for the world’s 73 poorest countries. "The G7 recognizes that some countries will need debt cancellation and now is calling for a process to cut debts," stated Eric LeCompte, the Executive Director of Jubilee USA Network and a United Nations finance expert. "With the poorest countries struggling with the economic and health impacts of the coronavirus, countries desperately need more aid and debt relief." In April, the G20 agreed to a process for the 73 poorest countries to stop paying debts through 2020. So far, the initiative has allowed 43 of the poorest countries to free $5.3 billion for health and social spending to respond to the pandemic. The G7 statement encouraged private creditors and banks to "voluntarily" participate in the debt payment suspension and seemed to criticize China for not fully participating in the initiative. "Reading between the lines, the G7's statement is hard on China and weak on private creditor participation," said LeCompte. "All Chinese government entities should stop taking debt payments from poor countries and stronger action must be taken to ensure the private sector joins the coronavirus debt relief initiatives." Earlier this month, several Finance Ministers joined the World Bank and IMF chiefs in calling to extend the DSSI into 2021 and arguing that private creditors should stop collecting poor country debts. "It's time to extend debt relief initiatives to all developing countries, including Middle-Income Countries, struggling with the coronavirus pandemic," shared LeCompte.  In October and November, G20, IMF and World Bank meetings will discuss the future of coronavirus debt suspension and relief efforts. Read the G7 Statement here. Jubilee USA Network is an alliance of more than 75 US organizations and 750 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

Related Link: https://home.treasury.gov/news/press-releases/sm1135
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