Publishing Guide

Upcoming Events

International | Economics and Finance

no events match your query!

New Events

no events posted in last week

Other Press

Economics and Finance

The Coming European Economic Apocalypse 21:13 Dec 01 1 comments

Ryanair CEO Michael O'Leary ridicules Government restrictions and calls for 'unnecessary' lockdown t... 01:55 May 31 0 comments

Anti Environmental CETA Trade Agreement ratification approved despite protests 20:58 May 08 0 comments

Runaway Train Towards Full Digitization of Money and Labor 14:18 Jan 01 2 comments

The Spectre Haunting Europe 23:21 Dec 04 0 comments

more >>

User Preferences

Feeds

Blog Feeds

Anti-Empire

North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Human Rights in Ireland

Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

Climate Adviser Racks Up 40,000 Air Miles While Backing Tax on Frequent Flyers Tue Apr 22, 2025 15:11 | Will Jones
A Government climate adviser ? a member of the Climate Change Committee, no less ? who backed a tax on frequent flyers has racked up 40,000 air miles in a year by jetting to environmental conferences.
The post Climate Adviser Racks Up 40,000 Air Miles While Backing Tax on Frequent Flyers appeared first on The Daily Sceptic.

Migrant Crime League Tables to be Published Tue Apr 22, 2025 13:00 | Will Jones
The nationalities of migrants with the highest rates of crime will be revealed in official?league tables?for the first time under plans due to be announced by the Government today.
The post Migrant Crime League Tables to be Published appeared first on The Daily Sceptic.

Net Zero is the New Brexit Tue Apr 22, 2025 11:10 | Will Jones
Net Zero is the new Brexit, "where Parliament is so hopelessly out of touch with the country", Nigel Farage has said. Michael Deacon agrees: as people realise the true cost of eco-zealotry they are turning against it.
The post Net Zero is the New Brexit appeared first on The Daily Sceptic.

Massive Wind Turbine Expansion Puts Golden Eagle on Path to Possible American Extinction as Annual D... Tue Apr 22, 2025 09:00 | Chris Morrison
Shocking new statistical evidence has emerged that suggests the golden eagle could be on a wind turbine-induced glide path to extinction in the United States, as the annual death rate increase leaps nearly 50% since 2020.
The post Massive Wind Turbine Expansion Puts Golden Eagle on Path to Possible American Extinction as Annual Death Rate Increase Leaps by 50% appeared first on The Daily Sceptic.

The Implosion of ?Green Ethics? Tue Apr 22, 2025 07:00 | Ben Pile
'Green ethics' are imploding, says Ben Pile. Economic realities are forcing the question: is it 'ethical' to bankrupt yourself? Is it 'ethical' to make energy too expensive for people to use?
The post The Implosion of ‘Green Ethics’ appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network

Voltaire, international edition

Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

World Bank Says Bold Debt Relief Plans Needed to Confront COVID Crisis

international | economics and finance | press release

Wednesday August 19, 2020 14:53

by Zachary Conti, zach@jubileeusa.org - Jubilee USA

Report this post to the editors

World Bank President David Malpass called for debt cancellation for poor countries struggling with the coronavirus, in an interview he gave to The Guardian.

"The coronavirus crisis is both a health and economic crisis and many developing countries can't address the critical needs of their people while paying debts," noted Eric LeCompte the Executive Director of the religious development group, Jubilee USA and a United Nations debt expert. "Many countries are experiencing both dramatic losses in revenue and rising costs to address the impacts of this crisis."

Malpass asserted that new World Bank data would illustrate that 100 million people were pushed into poverty by the crisis. He explained the crisis was worse than the crisis of 2008 and that more bold policies were needed from the G7 and G20. The G20 offered debt payment suspension policies for the 73 poorest countries in April that could save poor countries $12 billion in 2020.

"The only way for many developing countries to get on the otherside of this crisis is to cancel debts," stated LeCompte who monitors World Bank policies. "The private sector needs to participate in debt relief plans and shouldn't expect taxpayers of developed countries to bail them out."

Malpass shared concerns of private sector actors and China's development bank refusing to participate in current debt relief plans. He argued that these groups could get a "free ride" and take the debt relief and aid being offered by the United States and other advanced economies.

Jubilee USA Network is an alliance of more than 75 US organizations and 750 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people.

www.jubileeusa.org

Add Your Comments >>

printable version

with comments

atom feed of comments

rss feed of comments

RSS and atom feeds allow you to keep track of new comments on particular stories. You can input the URL's from these links into a rss reader and you will be informed whenever somebody posts a new comment.

Digg this

Furl

Reddit

Gab

Twitter

© 2001-2025 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