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offsite link The Russian-Ukrainian War Postponed for ... Fri Apr 23, 2021 14:36 | Anatoly Karlin

offsite link Just How Significant Are Empire’s New ... Fri Apr 23, 2021 13:36 | Ben Aris

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offsite link Hilarious: Pentagon Told Congressmen Tha... Fri Apr 23, 2021 10:36 | Betsy Woodruff Swan

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The Saker
A bird's eye view of the vineyard

offsite link What about the deescalation in the Donbass? (OPEN THREAD #17) Fri Apr 23, 2021 17:55 | The Saker
There is, amongst some, a strong sense of relief: Defense Minister Shoigu has declared that the formations deployed by Russia to western Russia will now return to their regular bases. 

offsite link Putin rewrites the law of the geopolitical jungle Fri Apr 23, 2021 15:34 | amarynth
By Pepe Escobar and first posted at The Saker Blog Putin?s address to the Russian Federal Assembly – a de facto State of the Nation ? was a judo move

offsite link American plans something but ends up differently Fri Apr 23, 2021 12:20 | amarynth
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offsite link Exit Terra: Did You Know We Have Been Contacted By Aliens? Thu Apr 22, 2021 18:41 | amarynth
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offsite link What was Putin referring to? (OPEN TREAD #16) Thu Apr 22, 2021 17:44 | The Saker
This is an excerpt of the (relatively short) part of Putin’s speech dealing with foreign issues: “We really want to maintain good relations with all those engaged in international communication,

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Declining standards in Irish journalism

offsite link Mainstream media: Failing to speak truth to power Anthony

offsite link David Quinn’s selective tolerance Anthony

offsite link A Woulfe in judges clothing Anthony

offsite link Sarah McInerney and political impartiality Anthony

Public Inquiry >>

Voltaire Network

More than 215 Groups Call on G20 to Access $3 Trillion in Global Reserve Funds for Developing Countries

category international | economics and finance | press release author Wednesday February 24, 2021 21:27author by Zachary Conti - Jubilee USA Report this post to the editors

More than 215 organizations sent a letter to the G20 and IMF to issue $3 trillion in global reserves, known as Special Drawing Rights (SDRs). Spanning the globe, the signers argue that SDRs will help countries suffering from the coronavirus crisis and, "send a strong signal of renewed multilateral coordination..."

More than 215 organizations sent a letter to the G20 and IMF to issue $3 trillion in global reserves, known as Special Drawing Rights (SDRs). Spanning the globe, the signers argue that SDRs will help countries suffering from the coronavirus crisis and, "send a strong signal of renewed multilateral coordination..."

"For many countries, access to Special Drawing Rights is the only way to afford urgent coronavirus spending needs while avoiding a debt crisis," said Aldo Caliari, Senior Director of Policy and Campaigns of Jubilee USA Network, one of the letter drafters and leaders of the initiative.

On Friday, G20 finance ministers meet on the global coronavirus crisis response for the first time under the Italian G20 Presidency and will discuss SDRs.

"A new and significant allocation of SDRs would bring liquidity that countries urgently need and help stabilize their economies," explained Patricia Miranda, Advocacy Coordinator of the Latin American network LATINDADD, another drafter of the letter.

On Tuesday, the US Conference of Catholic Bishops and Jubilee USA Network sent a letter to President Biden also urging SDRs action. The letter from the largest religious group in the United States and the interfaith development group encouraged the US to lead on a range of global pandemic response efforts, including increasing development funds and expanding debt relief. The letter sent to Biden also raised the need to put in place measures to prevent another economic crisis from happening.

Read the letter from 217 groups to the IMF and G20 here.

Read the press release on the letter to President Biden from the US Conference of Catholic Bishops and Jubilee USA Network here.

Read the letter to President Biden from the US Conference of Catholic Bishops and Jubilee USA Network here.

Related Link: https://www.jubileeusa.org/pr_g20_3_trillion_sdr_letter
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