New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link The US Gov’t Has $6 Trillion in Assets... Tue Apr 20, 2021 12:25 | Michael Maharrey

offsite link US Warfare in Afghanistan Set to Continu... Tue Apr 20, 2021 11:15 | Norman Solomon

offsite link Anglo-Saxon Powers Offer Australia Hurti... Tue Apr 20, 2021 10:41 | James Laurenceson

offsite link David Attenborough COVID Porn Documentar... Tue Apr 20, 2021 09:16 | Eric Worrall

offsite link Russia Does Not Believe Summit Offer Was... Tue Apr 20, 2021 07:27 | Natylie Baldwin

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Moveable Feast Cafe 2021/04/20 ? Open Thread Tue Apr 20, 2021 09:30 | Herb Swanson
2021/04/20 08:30:01 Welcome 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

offsite link Important announcement by the Saker! Mon Apr 19, 2021 20:22 | The Saker
Dear friends, Recent events have forced me to take some important decisions which I have to share with you now. First, from now on, the Saker blog shall not post

offsite link Do as I say ? not as I do Mon Apr 19, 2021 19:07 | amarynth
By Francis Lee who looks at the politics of development and under-development for the Saker Blog. I think it was Sir Ian Gilmour (now deceased) who, as one time member

offsite link Did the US just try to murder Lukashenko? (OPEN THREAD #14) (UPDATED) Mon Apr 19, 2021 17:37 | The Saker
Amazing news over the week-end: President Lukashenko has declared that Biden gave the order to kill him in a coup organized by the CIA.  Now, we all know that Lukashenko

offsite link Roger Waters ? ?The Bravery of Being Out of Range? Sat Apr 17, 2021 21:39 | The Saker
Roger Waters, a “one man peace movement”, released this superb video just a few hours ago.  This man is truly a musical genius and one of the greatest people of

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Mainstream media: Failing to speak truth to power

offsite link David Quinn’s selective tolerance Anthony

offsite link A Woulfe in judges clothing Anthony

offsite link Sarah McInerney and political impartiality Anthony

offsite link Did RTE journalists collude against Sinn Fein? Anthony

Public Inquiry >>

Voltaire Network

Treasury Notifies Congress of $650 Billion Emergency Reserves to Fight Global COVID Crisis

category international | economics and finance | press release author Friday April 02, 2021 15:06author by Zachary Conti - Jubilee USA Report this post to the editors

Treasury notified Congress of its support for $650 billion in IMF global reserves, also known as Special Drawing Rights (SDRs), to assist developing countries struggling with the coronavirus crisis. US law requires a ninety-day advance alert to Congress before the US votes for SDRs with the IMF board.

Treasury notified Congress of its support for $650 billion in IMF global reserves, also known as Special Drawing Rights (SDRs), to assist developing countries struggling with the coronavirus crisis. US law requires a ninety-day advance alert to Congress before the US votes for SDRs with the IMF board.

“The notification paves the way for the US to vote in favor of these funds that developing countries need," said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. Jubilee USA advocated for the creation of these funds since the advent of the pandemic. "As early as the summer, hundreds of billions of these emergency reserve funds can now be authorized for countries struggling with the pandemic."

In February, Jubilee USA Network and the US Conference of Catholic Bishops sent a letter to Secretary Yellen and President Biden expressing support for a new SDRs allocation. Jubilee USA Network also coordinated a letter to the G20 signed by more than 215 organizations worldwide in support of SDRs. The G20 and IMF announced support for the $650 billion allocation.

Treasury says low-income countries will see $21 billion from a new allocation and other developing countries receive $221 billion.

Read the letter on SDRs, aid and debt relief from the US Conference of Catholic Bishops and Jubilee USA Network here.

Read the letter organized by Jubilee USA with 200 plus signers urging the G20 to support SDRs here.

Read about the IMF's announcement of support for $650 billion in emergency reserves here.

Read the US Treasury's Fact Sheet on the benefits of a new allocation of Special Drawing Rights here.

Related Link: https://www.jubileeusa.org/pr_treasury_congress_sdrs
© 2001-2021 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