Upcoming Events

International | Miscellaneous

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link With ?Biden? in the White House, the Kremlin now needs to change gear Thu Jan 28, 2021 00:05 | The Saker
[This analysis was written for the Unz Review] First, a clarification.  When I speak of “Biden” I don’t mean the fungus (to use Tom Luongo’s apt expression) which was recently

offsite link Dress Rehearsal Of Color Revolution In Russia Wed Jan 27, 2021 15:38 | amarynth
South Front Anti-government protests under the pretext of the detention of the notorious Russian opposition leader Navalny took place in various cities across the country. They were characterized by underwhelming

offsite link American Prospect Wed Jan 27, 2021 11:34 | amarynth
by Sushi for the Saker Blog If you wish to understand the concerns of those who attended the 1/6 Save America rally, you can learn much by watching the first

offsite link Russian President Putin Delivers Speech at Virtual World Economic Forum Wed Jan 27, 2021 11:34 | amarynth
This is the live stream video.  The transcript is now being posted as it becomes available. Update: Transcript complete.   President of Russia Vladimir Putin: Mr Schwab, dear Klaus, Colleagues, I have

offsite link Democrats? ?divide and conquer? Senate show trial may jeopardize duopoly Wed Jan 27, 2021 10:42 | amarynth
by Ramin Mazaheri and PressTV Much ink could be spilled about the upcoming, and second, Senate impeachment trial of Donald Trump, but that would be a waste of ink –

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Mainstream media: Failing to speak truth to power

offsite link David Quinn’s selective tolerance Anthony

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

Public Inquiry >>

Human Rights in Ireland
A Blog About 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

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

Human Rights in Ireland >>

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 >>

Congress Passes Somalia Debt Relief

category international | miscellaneous | press release author Wednesday December 18, 2019 21:55author by Kate Zeller - Jubilee USA Network Report this post to the editors

As part of the Federal government's year-end spending package or "minibus," Congress passed the first phase of debt relief for Somalia.

As part of the Federal government's year-end spending package or "minibus," Congress passed the first phase of debt relief for Somalia. On Tuesday the House of Representatives passed the DHS Cyber Hunt and Incident Response Teams Act of 2019 (HR 1158) which included $35 million to begin paying the principle of $1.1 billion in US held debt. On Wednesday the Senate passed the companion legislation (S 135) which sends the bill to the President to be signed into law.

"Debt relief for Somalia cannot come soon enough," stated Eric LeCompte, the Executive Director of the religious development group Jubilee USA. "Without relieving Somalia's debt, Somalia is unable to finance infrastructure and recover from war, natural disasters or famines."

The Human Development Index ranks Somalia among the 5 least developed countries on earth. Possibly the poorest country on the African continent, Somalia has a 73% extreme poverty rate.

"Canceling Somalia's debt could mean women's empowerment, kids going back to school and moving forward measures to end extreme poverty," noted LeCompte who serves on United Nations debt expert groups. "If President Trump signs the spending package, the US Treasury and State Departments are authorized to move forward the first phase of debt relief for the African country."

Somalia owes about $4.6 billion in debt. The United States is the largest creditor holding $1.1 billion in Somalia debt. The majority of the remainder of the debt is held by the International Monetary Fund, World Bank, France and Italy.

Related Link: http://www.jubileeusa.org
© 2001-2021 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