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offsite link The Rise of the Name Muhammad Across Europe Sat Aug 23, 2025 13:21 | Richard Eldred
Across Europe, baby boys named Muhammad and its variants have shot up by as much as 700% since 2000, thanks to growing Muslim communities and mass immigration.
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offsite link British Paralympians Turn Backs During Israeli National Anthem Sat Aug 23, 2025 11:00 | Richard Eldred
Sanctions are being demanded after Britain's wheelchair basketball team turned their backs on Israel's anthem in a gesture slammed as "deeply disrespectful" and an attack on sporting dignity.
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offsite link Reform UK Will Pledge Five Deportation Flights a Day Sat Aug 23, 2025 09:00 | Richard Eldred
Nigel Farage has unveiled his full plan to mass deport asylum seekers arriving on small boats, including housing them at RAF bases, scrapping the ECHR and sending them to third countries.
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offsite link Britain?s Quixotic Carbon Capture Crusade Sat Aug 23, 2025 07:00 | Tilak Doshi
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offsite link News Round-Up Sat Aug 23, 2025 00:38 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
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Voltaire Network
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offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

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

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

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

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

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G20 Discusses Stimulus, Climate and Aid for Developing Countries

category international | economics and finance | press release author Friday February 26, 2021 21:19author by Zachary Conti - Jubilee USA Report this post to the editors

G20 finance ministers met Friday to discuss global coronavirus response. The group endorsed continuing stimulus plans in wealthy countries and supporting plans to increase aid and vaccine access for developing countries.

G20 finance ministers met Friday to discuss global coronavirus response. The group endorsed continuing stimulus plans in wealthy countries and supporting plans to increase aid and vaccine access for developing countries.

"If the stimulus plan in the United States moves forward, it translates to about 2 percent in global economic growth," noted the Executive Director of the religious development group Jubilee USA Network, Eric LeCompte. "The G20 is moving forward debt relief, vaccine distribution and accessing global reserve funds for developing countries. The question is will it be enough and can it happen quickly enough."

On Thursday, Treasury Secretary Janet Yellen expressed support for a process to deploy global reserve funds (Special Drawing Rights) to help low-income countries. She also highlighted implementation of the G20 debt reduction process agreed last year. The G20 tasked the International Monetary Fund to create a plan for the Special Drawing Rights for upcoming meetings.

“US leadership is pushing G20 actions on debt relief and the Special Drawing Rights,” LeCompte, a United Nations finance expert, added.

Earlier this week, Jubilee USA Network and the US Conference of Catholic Bishops sent a detailed letter to Yellen and President Biden expressing support for debt relief, financial system changes to prevent future crises and a $3 trillion allocation of global reserve funds. Jubilee USA Network with Latin American partner, Latindadd coordinated a letter signed by more than 200 organizations urging the G20 to move forward Special Drawing Rights or global reserve access.

G20 talks also covered global policies to fight climate change and tax avoidance.

“The G20 hopes to agree on a plan by 2021 to curb tax avoidance,” stated LeCompte. "Perhaps the most important aspect of the G20 meeting was to acknowledge that G20 decisions on finance will have some of the most significant impacts on climate change."

G20 finance ministers meet again ahead of the International Monetary Fund meetings in April.

Related Link: https://www.jubileeusa.org/pr_g20_finmin_meeting
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