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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

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Human Rights in Ireland
Promoting Human Rights in Ireland

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Lockdown Skeptics

The Daily Sceptic

offsite link Jaguar?s Sales Crash 98% After Woke Rebrand Wed Jul 02, 2025 19:00 | Will Jones
Jaguar's sales have plummeted by 98% after a woke rebrand that left customers stunned ? though the company claims the rebrand has "nothing to do" with falling sales.
The post Jaguar’s Sales Crash 98% After Woke Rebrand appeared first on The Daily Sceptic.

offsite link Christian Artist Reported to Police and Banned From Own Exhibition Over Gender-Critical Views Wed Jul 02, 2025 17:00 | Will Jones
Christian artist Victoria Culf was reported to the police and banned from her own exhibition because of her gender-critical beliefs in the latest example of free speech in peril in Britain.
The post Christian Artist Reported to Police and Banned From Own Exhibition Over Gender-Critical Views appeared first on The Daily Sceptic.

offsite link The Human Cost of Starmer?s Welfare U-Turn Wed Jul 02, 2025 15:00 | Mary Gilleece
Thousands of young people are being paid by the state on condition of remaining 'incapable' of working. It's a tragic, expensive mess ? and now they've been betrayed by Keir Starmer once again, says Mary Gilleece.
The post The Human Cost of Starmer’s Welfare U-Turn appeared first on The Daily Sceptic.

offsite link Reeves in Tears as Starmer Refuses to Guarantee She Will Stay in Job Wed Jul 02, 2025 13:01 | Will Jones
Chancellor Rachel Reeves was visibly in tears during Prime Minister's Questions today as Sir Keir Starmer refused to guarantee she would remain in role following last night's welfare reform humiliation.
The post Reeves in Tears as Starmer Refuses to Guarantee She Will Stay in Job appeared first on The Daily Sceptic.

offsite link The Case for Prosecuting Bob Vylan for Hate Speech Wed Jul 02, 2025 11:14 | Laura Perrins
As defenders of free speech we resent Britain's draconian hate speech laws. But until they're repealed they should be applied impartially ? and that means prosecuting antisemitic rappers too, says Laura Perrins.
The post The Case for Prosecuting Bob Vylan for Hate Speech appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

COVID Crisis: G20 Defers Action on Aid, Tax and Debt Cancellation

category international | economics and finance | press release author Wednesday October 14, 2020 22:00author by Zach Conti - Jubilee USA Report this post to the editors

G20 finance ministers agreed to extend debt payment relief for the 73 poorest countries and, in principle, to have a common framework to cancel debts. The G20 Finance Ministers and Central Bank Governors met on global COVID-19 response plans ahead of the Annual IMF and World Bank Meetings.

G20 finance ministers agreed to extend debt payment relief for the 73 poorest countries and, in principle, to have a common framework to cancel debts. The G20 Finance Ministers and Central Bank Governors met on global COVID-19 response plans ahead of the Annual IMF and World Bank Meetings. "Debt payment relief for the poorest countries is good news, but it's a short term solution,” said Eric LeCompte the Executive Director of Jubilee USA Network and a United Nations finance expert. "We're disappointed not to have a stronger agreement on a permanent debt reduction process, yet, but it's hopeful that the G20 is holding a special meeting on this process in the coming weeks.” G20 finance ministers will hold a special meeting before G20 presidents and prime ministers meet in November, on a country debt reduction plan or the “Common Framework for Debt Treatments beyond DSSI.” The announcement came as the International Monetary Fund forecast a contraction of 4.4 % for this year in the global economy and a recovery that will be long, uneven and prone to setbacks. "The only way for some developing countries to have the resources they need to recover from the coronavirus crisis is to have a process that permanently reduces their debts,” stated LeCompte. “Given that some of the greatest increases in poverty and job loss are in these developing countries, the G20 can't afford to wait any longer on moving forward a plan.” The G20 expressed disappointment at the absence of private creditor participation in the debt suspension initiative. "The G20 should be doing more to press the private sector on debt relief. It seems since April, the position of the G20 has weakened on private sector participation in debt relief,” noted LeCompte.  International tax cooperation was also a focus of the G20. The countries had vowed to agree this year to a global plan for taxing digital revenues and ensuring multinationals pay tax, but they now pushed back that timeline to mid-2021. “Part of the reason we are in this mess, is because countries aren't raising enough revenues. Now revenues are plummeting in many countries because of the pandemic and the G20 must make more progress on global tax solutions,” explained LeCompte. "An immediate way to combat the coronavirus and support developing countries in crisis is to access trillions of dollars in global reserve funds or the Special Drawing Rights. Unfortunately the G20 made little progress on authorizing what could be a lifesaving measure for countries in crisis." Read the G20 communique here. Read Jubilee USA's press release on the IMF's World Economic Outlook and Global Financial Stability reports here.  https://www.jubileeusa.org/imf_econ_reports_inequality_poverty_covid?utm_campaign=ps_g20_finmin_cbg_meeting_2020&utm_campaign=ps_g20_finmin_cbg_meeting_2020&utm_medium=email&utm_m...eeusa

Related Link: https://www.jubileeusa.org/pr_covid_g20_defer_action
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