Regime Media: Joe Bidenâ€™s Dogs Have To... Mon Nov 30, 2020 01:12 | Tim Teeman
French Police Beat Black Man for 15 Minu... Sun Nov 29, 2020 20:49 | Tyler Durden
German Defense Minister Says Necessary t... Sun Nov 29, 2020 15:23 | Anti-Empire
Offering a â€˜Return to Normalcy,â€™ Bid... Sun Nov 29, 2020 13:30 | 29ReasonsWhy
Boris Johnson Speaks to the Nation: Have... Sun Nov 29, 2020 08:30 | Rob Slane
A bird's eye view of the vineyard
The AngloZionists are trying to provoke a war with Iran Sat Nov 28, 2020 20:36 | The Saker
There is really nothing particularly complicated about what just happened: the AngloZionists have murdered a top Iranian scientist in the hope that this murder will trigger a war. The Iranians
NATO ? A Comatose Body Whose ?Mission? Seems To Be Little More Than To Preserve And Expand Itself... Sat Nov 28, 2020 18:16 | amarynth
By Francis Lee for the Saker Blog PART 1. In 1851, France had the misfortune to fall victim to a coup by the nephew of Napoleon Bonaparte, Charles-Louis Napoléon Bonaparte,
Moveable Feast Cafe 2020/11/28 ? Open Thread Sat Nov 28, 2020 17:00 | Herb Swanson
2020/11/28 17:00:02Welcome 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
War Ended, But Armenia Still Suffers Losses. Azerbaijani Troops Enter Largest Armenian Gold Mine Fri Nov 27, 2020 18:30 | amarynth
South Front This week, the Armenian leadership has reached an unprecedented height in its state management achievements. Prime Minsiter Nikol Pashinayan and his government did not stop at the successful
Meet the new boss! Fri Nov 27, 2020 17:39 | The Saker
The Saker >>
The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason
On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan
What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith
The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith
Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh
Spirit of Contradiction >>
Major Religious Institutions Urge President, IMF and G20 to Cancel Debts and Use Reserves to Protect Poor
economics and finance |
Tuesday April 14, 2020 23:42 by Kate Zeller - Jubilee USA Network
Many of the largest religious institutions are calling for financial crisis protections, debt relief and additional resources to protect the world's poor in what the IMF calls the greatest financial crisis since the Great Depression.
Many of the largest religious institutions are calling for financial crisis protections, debt relief and additional resources to protect the world's poor in what the IMF calls the greatest financial crisis since the Great Depression. The 80 groups joined a letter organized by Jubilee USA Network to confront the coronavirus crisis and it was delivered to the White House, G20 and IMF on Tuesday.
Signers include: The Episcopal Church, Evangelical Lutheran Church in America, National Council of Churches, Presbyterian Church (USA), Unitarian Universalist Association, United Church of Christ, United Methodist Church, Jubilee USA Network, American Friends Service Committee, Church World Service, Buddhist Association of the United States and the Religious Action Center of Reform Judaism. The largest labor union in the United States, the AFL-CIO joined the Jubilee USA letter.
The signers join calls from Pope Francis, the US Catholic Bishops and 165 world leaders encouraging additional resources, aid and debt relief to ensure all countries can withstand the crisis.
"Religious institutions and their partners are making a moral call for all people on the planet to be able to have enough resources to weather the health and economic impacts of the coronavirus. There is already momentum behind debt relief and emergency financing," stated Jubilee USA Executive Director Eric LeCompte. LeCompte is a United Nations finance expert and has monitored IMF meetings since 2008. "We are urgently calling on the G20 and IMF to access global reserve funds so that both developed and developing countries can get through the greatest financial crisis of our time. We need to use the special drawing rights or SDRs like we did after the 2008 crisis."
"Special drawing rights," debt relief and additional emergency financing are the issues that the G7, G20, IMF and World Bank are focusing on during virtual spring meetings this week. On Tuesday, the IMF released a report dubbing the "Great Lockdown" as the greatest financial crisis since the Great Depression.
The US Treasury released a statement Tuesday after a virtual meeting with G7 leaders expressing support for the world's 76 poorest countries to stop debt payments to provide health services in the developing world.
On Monday, the IMF announced it would cancel 6 months of debt payments for 25 poor countries in an effort to boost their health systems and economies.
"Urgent and bold actions are needed now if we are to survive the greatest health and economic crisis of our lifetimes," said LeCompte.