New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link Surprise Offensive Puts 300 km² of Russ... Fri Aug 09, 2024 08:44 | Marko Marjanović

offsite link The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire

offsite link In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire

offsite link UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko Marjanović

offsite link US Gives Weapons to Taiwan for Free, The... Fri May 03, 2024 03:55 | Anti-Empire

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.  We are also making archives of the blog available for free download in various formats (see below). 

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome 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

offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

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

category international | economics and finance | press release author Wednesday August 19, 2020 14:53author 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

Related Link: https://www.jubileeusa.org/pr_world_bank_says_bold_debt_relief_plans_needed_to_confront_covid_crisis
© 2001-2024 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