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Spirit of Contradiction

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The Saker
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offsite link Moveable Feast Cafe 2020/05/24 ? Open Thread Sun May 24, 2020 21:00 | Herb Swanson
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Human Rights in Ireland
A Blog About Human Rights

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

offsite link Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights

offsite link US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights

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Jubilee USA: Antigua and Barbuda and Islands Dealing with Irma Should Stop Debt Payments

category international | economics and finance | press release author Thursday September 07, 2017 16:16author by Abby Wilhelm - Jubilee USA Report this post to the editors

As Hurricane Irma heads to the US coast, a religious development group is calling for debt payments to be suspended until Antigua and Barbuda and other severely impacted Caribbean nations recover from the storm.

As Hurricane Irma heads to the US coast, a religious development group is calling for debt payments to be suspended until Antigua and Barbuda and other severely impacted Caribbean nations recover from the storm. Jubilee USA is also calling for grants, as opposed to loans, to be made available for the island countries and the US territories.

"The island of Barbuda was hit hard and fourteen hundred people are homeless. The country of Antigua and Barbuda and other severely impacted islands should stop paying debt until they rebuild and recover," stated Jubilee USA Executive Director Eric LeCompte. LeCompte serves on United Nation debt expert groups. "The International Monetary Fund can authorize a moratorium on debt payments so Antigua and Barbuda could immediately access $3 million for recovery efforts."

Antigua and Barbuda is scheduled to make a debt payment of $3 million to the International Monetary Fund today. The Caribbean islands of Anguilla, Antigua and Barbuda, Saint Barthélemy, Saint Martin and the British and US Virgin Islands faced some of the most severe impacts as Hurricane Irma swept across the Caribbean. The US territory of Puerto Rico, although hit by the storm, escaped the full level of destruction originally predicted.

"For all islands impacted by Irma, we need to see reconstruction grants, not more loans,' said LeCompte. 'The White House and Congress must continue to make these grants available to Puerto Rico and the US Virgin Islands. Similarly, the IMF and World Bank should make grants available to other islands and nations affected."

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