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Spirit of Contradiction

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

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

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Public Inquiry
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The Saker
A bird's eye view of the vineyard

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A column of Russian Airborne Forces passes a US military checkpoint in northern Syria. This is symbolic of what is taking place all over the Middle-East, really. Enjoy! The Saker

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  Comments and Timeline : Sputnik  

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Human Rights in Ireland
A Blog About Human Rights

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offsite link UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights

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Human Rights in Ireland >>

Somalia Leaders Call for Debt Cancellation

category international | economics and finance | press release author Friday April 12, 2019 04:06author by Kate Zeller - Jubilee USA Network Report this post to the editors

In Somalia, 60 percent of the 15 million person population lives in extreme poverty. According to the United Nations Development Programme almost 10 million people live in extreme poverty or close to poverty in Somalia while the war-torn African nation wrestles with a $4.6 billion debt. On Friday, Somalia's Finance Minister Abdirahman Beileh will call for debt cancellation for humanitarian assistance.

In Somalia, 60 percent of the 15 million person population lives in extreme poverty. According to the United Nations Development Programme almost 10 million people live in extreme poverty or close to poverty in Somalia while the war-torn African nation wrestles with a $4.6 billion debt. On Friday, Somalia's Finance Minister Abdirahman Beileh will call for debt cancellation for humanitarian assistance.

"In the face of such terrible suffering, Somalia's debt must be eliminated as soon as possible," noted Jubilee USA Executive Director Eric LeCompte who serves on United Nations debt expert groups. "Eliminating Somalia's debt means an immediate investment to reduce extreme poverty in the country."

Somalia owes more than $4.6 billion in debt. The United States, France, Italy, the IMF and World Bank hold the highest levels of Somalia debt.

"Humanitarian concerns and global political will are coming together to relieve Somalia's debt," stated LeCompte. "The situation is so extreme in Somalia and we need immediate debt relief."

On Friday morning Somalia's Finance Minister, Jubilee USA head - Eric LeCompte, the African Development Bank and Save Somali Women and Children will participate in the forum at the US Institute of Peace. American Friends Service Committee, the Somalia NGO Consortium, Somalia Working Group, Jubilee USA Network and the African Faith and Justice Network are sponsoring the event. 

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