New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link EU Blocks Fertilizer to 3rd World, Lamba... Tue Nov 29, 2022 00:25 | Anti-Empire

offsite link Vladimir Putin Jumps the Shark, Compares... Sun Nov 27, 2022 01:38 | Anti-Empire

offsite link How the US Could Have Prevented the Russ... Sat Nov 26, 2022 04:06 | Anti-Empire

offsite link Putin Talks Free Fertilizer for Hungry A... Fri Nov 25, 2022 14:04 | Anti-Empire

offsite link “Trusting the Plan” in the Russian W... Sun Nov 20, 2022 12:03 | Anti-Empire

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Will the US try to pull off a ?Grenada? in Serbia? Tue Nov 29, 2022 14:48 | The Saker
Remember the 1983 US invasion of Grenada aka “Operation Urgent Fury”? It all began on October 23, 1983 when two truck bombs blew up the buildings housing the US and

offsite link Moveable Feast Cafe 2022/11/29 ? Open Thread Tue Nov 29, 2022 08:00 | herb
2022/11/29 08:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link Sergey Lavrov Interview for Film on Extremism in Europe ? November 2022 ? English Subtitles Mon Nov 28, 2022 23:10 | The Saker
Note from Michael Rossi Poli Sci who subtitled that video: Dear Patreon Supporters, First off, thank you once again for your pledged support and votes of confidence on my work.

offsite link About Saving Face: Some Advice to Volodymyr Zelensky Mon Nov 28, 2022 17:00 | The Saker
By Batiushka for the Saker blog It matters not how much you, gentlemen, bend down before them, You will never gain Europe?s recognition: You will always be for them, Not

offsite link The US Is a Luciferian Project Mon Nov 28, 2022 17:00 | The Saker
By Walt Garlington for the Saker blog A lot of people in the United States, millions of MAGA folks we would imagine, consider the US not just a good and

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

offsite link Formal complaint against Robert Watt Anthony

offsite link RTE bias complaint Anthony

offsite link Fergus Finlay and the maternity hospital ‘gotcha’ trap Anthony

Public Inquiry >>

Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

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

Human Rights in Ireland >>

Amidst Covid-19 Spread, IMF and World Bank Signal Debt Relief for Poor Countries

category international | economics and finance | press release author Tuesday March 24, 2020 15:03author by Kate Zeller - Jubilee USA Network Report this post to the editors

Developing Countries Demand Debt Payments Stop

On Monday the heads of the IMF and World Bank stated support for debt relief for very poor countries as the coronavirus spreads. African Finance Ministers called for suspension of debt payments to free up $44 billion to fight Covid-19. Ecuador's Congress also demanded its government stop paying debt.

Washington, DC - On Monday the heads of the IMF and World Bank stated support for debt relief for very poor countries as the coronavirus spreads. African Finance Ministers called for suspension of debt payments to free up $44 billion to fight Covid-19. Ecuador's Congress also demanded its government stop paying debt.

"Countries need to prioritize fighting Covid-19 and billions can be freed up right away by halting debt payments," stated Eric LeCompte who leads the development group Jubilee USA and serves on United Nations debt expert groups. "Both among lenders and borrowers, we see growing calls to stop paying debt to save lives during the pandemic."

At G20 Finance Minister and Central Bank meetings on Monday, World Bank President David Malpass encouraged world leaders to allow very poor countries to stop paying debt. At the same meeting, the IMF's leader, Kristalina Georgieva noted the replenishing of funds in an IMF debt relief and aid mechanism that was used during the 2014 Ebola epidemic that struck 3 African countries.

"The IMF and World Bank calls for debt relief are critical in order to immediately strengthen health systems in the developing world," stated LeCompte. "In order to support all countries who need help and stop a global financial crisis we will need to broaden debt relief efforts, raise aid monies and move forward agreements that can stabilize the economy."

The leaders of LeCompte's organization, Jubilee USA, sent a letter to the head of the International Monetary Fund on Monday to take action to stop negative economic impacts of the Covid-19 virus.

The letter urges expanded debt relief and aid to bolster health-care for developing countries impacted by the coronavirus. Additional letter recommendations include debt payment moratoriums, improved debt restructuring, encouraging public budget approval processes for countries and raising revenue by curbing corruption, tax evasion and tax avoidance.

Related Link: http://www.jubileeusa.org
© 2001-2022 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy