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Jubilee USA Network
Washington, DC
Building a global economy that serves, protects and promotes the participation of the most vulnerable.
Recent Activity
By Sophia Har G7 finance ministers gather in Dresden, Germany, to discuss promoting "sustainable growth" in the face of growing global debt. US Treasury Secretary Jacob Lew is among the ministers gathering. The meeting takes place amid debt crises in... Continue reading
Posted yesterday at The Jubilee Blog
As Nepal scrambles to recover, the struggling country pays nearly $600,000 a day on debt. It pays more than $4 million every week. Please act now and tell the heads of the International Monetary Fund (IMF) and World Bank to... Continue reading
Posted 6 days ago at The Jubilee Blog
By Sophia Har Join us in calling on the World Bank and the International Monetary Fund (IMF) to cancel Nepal's debt. Over the course of three weeks, two major earthquakes struck Nepal and took over 8,000 lives. Nepal is one... Continue reading
Posted May 16, 2015 at The Jubilee Blog
By Sophia Har According to the most recent public World Bank figures, Nepal pays $594,000 a day in debt payments as cited by the religious development organization, Jubilee USA Network. World Bank figures report that Nepal owes $3.8 billion in... Continue reading
Posted May 15, 2015 at The Jubilee Blog
IMF's Lagarde and World Leaders Will Attend Historic Ethiopia Summit By Sophia Har The United Nations, International Monetary Fund (IMF), World Bank and finance ministries are meeting in New York to finalize an agreement for the Financing for Development Conference... Continue reading
Posted May 13, 2015 at The Jubilee Blog
By Sophia Har Shutterstock Images The International Monetary Fund(IMF) and the World Bank announced $1.1 billion in debt relief for Chad. The money comes through the IMF and World Bank's two major debt relief programs: the Heavily Indebted Poor Country... Continue reading
Posted Apr 30, 2015 at The Jubilee Blog
Poor Country Spends 217 Million Annually on Debt Payments By Sophia Har Getty Images Severe aftershocks continue to terrorize Nepal which was struck by a 7.8 magnitude earthquake on Saturday. The rising death toll climbed beyond 3,000 people. Nepal is... Continue reading
Posted Apr 27, 2015 at The Jubilee Blog
By Sophia Har Simone D. McCourtie / World Bank / CC BY-NC-ND As debt restructuring looms for small islands and wealthy countries are embroiled in debt disputes, the International Monetary Fund (IMF) discusses aspects of a global bankruptcy regime at... Continue reading
Posted Apr 20, 2015 at The Jubilee Blog
By Kristen Quimby As the Spring International Monetary Fund (IMF) and World Bank meetings open, the World Bank announced $650 million of new grants and concessional loans to the countries of Sierra Leone, Guinea and Liberia. About $220 million will... Continue reading
Posted Apr 17, 2015 at The Jubilee Blog
Global Stability and Economic Outlook Reports Released By Sophia Har The International Monetary Fund (IMF) released its Global Financial Stability Report, noting "increased financial stability risks" in the global economy. The report notes that large-scale economic shocks are particularly concerning... Continue reading
Posted Apr 16, 2015 at The Jubilee Blog
Grenada Could Influence Global Debt Negotiations By Sophia Har Grenada agreed to a debt plan with its Caribbean island investors that will result in a 50% reduction in the value of existing Grenada investment bonds. The deal offers investors a... Continue reading
Posted Apr 10, 2015 at The Jubilee Blog
By Sophia Har The religious anti-poverty organization Jubilee USA Network is calling on international lenders to grant debt relief to Vanuatu. In mid-March, Cyclone Pam struck the string of small Pacific islands with winds up to 165 miles per hour.... Continue reading
Posted Apr 3, 2015 at The Jubilee Blog
By Sophia Har The Greek government submitted proposals over the weekend to access further emergency funding, but Eurozone leaders say plans still need improvement. Interior Minister Nikos Voutsis of Greece was quoted in Germany's Spiegel news magazine that Greece may... Continue reading
Posted Apr 2, 2015 at The Jubilee Blog
By Sophia Har Budget amendment SA 621, to repeal the Foreign Account Tax Compliance Act (FATCA), failed to reach the the US Senate floor for a vote on Friday. FATCA was originally passed in 2010 to prevent corrupt activities and... Continue reading
Posted Mar 27, 2015 at The Jubilee Blog
A great piece written by Aldo Caliari, our Board Co-chair and Director of Rethinking Bretton Woods Project, on RightingFinance. By Aldo Caliari At its 14th session, last February, the Human Rights Council Advisory Committee (“the Advisory Committee”) addressed for the... Continue reading
Posted Mar 27, 2015 at The Jubilee Blog
Our partners at AFRODAD are warning that Africa's debt levels are rising and that they are unsustainable. Debt crowds out spending on important social priorities like health and education, a reality the world is witnessing all too clearly as Ebola... Continue reading
Posted Mar 26, 2015 at The Jubilee Blog
Great blog from our friends at the Columban Center. By Zach Alles Proclaim Jubilee! Leviticus 25 describes the biblical Jubilee as a “Sabbath of Sabbaths,” requiring the land lie fallow, all debts be forgiven, captives be freed, and a celebration... Continue reading
Posted Mar 24, 2015 at The Jubilee Blog
Pontiff's Teachings Focus on Inequality By Sophia Har March 13 marks the second anniversary of the election of Pope Francis. After two years as leader of the world's 1.2 billion Catholics, Pope Francis has made poverty and inequality central themes... Continue reading
Posted Mar 17, 2015 at The Jubilee Blog
New Rules Protect Students from Predatory Behavior By Sophia Har President Obama signed by executive order a "Student Aid Bill of Rights." These reforms are meant to protect the average college student who graduates with $29,400 in student debt. The... Continue reading
Posted Mar 11, 2015 at The Jubilee Blog
By Andrew Hanauer The World Bank just announced that it did not properly monitor resettlement projects connected to World Bank-funded development programs. The news agency Reuters reported that the Bank "had no idea how many people may have been forced... Continue reading
Posted Mar 6, 2015 at The Jubilee Blog
By Sumi Yi Greece, the world's third most indebted country, sought to extend its loan by six months. Last week, Greece was able to negotiate a deal with the Eurozone to secure a four-month bailout extension. On Wednesday, February 25... Continue reading
Posted Mar 2, 2015 at The Jubilee Blog
By Sophia Har A US House of Representatives Judiciary sub-committee is discussing legislation to give Puerto Rico's public utilities access to US bankruptcy protection. The Subcommittee on Regulatory Reform, Commercial and Antitrust law is meeting to debate HR 870, a... Continue reading
Posted Feb 27, 2015 at The Jubilee Blog
By Andrew Hanauer Greece is the world's third-most indebted country, and the most indebted in Europe. Five years ago, in the midst of a significant financial crisis, Greece received emergency loans from the International Monetary Fund, European Central Bank and... Continue reading
Posted Feb 26, 2015 at The Jubilee Blog
By Sophia Har Greece reached a deal with Eurozone Finance Ministers to extend the country's financial support package. Greece will submit a list of potential economic reforms by Monday for review. The deal extends loans to Greece for four months.... Continue reading
Posted Feb 23, 2015 at The Jubilee Blog
By Sophia Har Two weeks ago the International Monetary Fund (IMF) announced its new debt relief plan for the Ebola-affected countries of Guinea, Sierra Leone and Liberia. Meanwhile elections in Greece put debt and austerity policies in the international spotlight.... Continue reading
Posted Feb 20, 2015 at The Jubilee Blog