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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
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by Greg Williams Haiti's debt approaches $2 billion dollars as it recovers from Hurricane Matthew and remembers the devastating earthquake that shattered the country seven years ago. After the 2010 earthquake, most of Haiti's debt was wiped out following a... Continue reading
Posted 6 days ago at The Jubilee Blog
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by Greg Williams Ecuador Foreign Minister Guillame Long will meet with civil society groups on Thursday to discuss tax avoidance, corruption and development. The event comes one day before Ecuador takes over the presidency of the G77 and China group... Continue reading
Posted 7 days ago at The Jubilee Blog
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By Greg Williams A US law passed to address Puerto Rico's debt crisis could apply retroactively to the US Virgin Islands, another heavily indebted US territory. The US Virgin Islands has higher debt-per-person levels than Puerto Rico and ratings agencies... Continue reading
Posted Dec 30, 2016 at The Jubilee Blog
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By Greg Williams The ratings agency Standard & Poor's downgraded the Bahamas' debt to 'junk' status. The agency cited weakened economic growth due to hurricanes and high debt levels. The downgrade makes borrowing more expensive for the Bahaman government. "Caribbean... Continue reading
Posted Dec 23, 2016 at The Jubilee Blog
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By Greg Williams Puerto Rico's "control" board sent a letter to current Governor Alejandro García Padilla and incoming Governor Ricardo Rossello stating areas for fiscal plan review and that debt restructuring talks are moving forward. TheFinancial Oversight and Management Board... Continue reading
Posted Dec 21, 2016 at The Jubilee Blog
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By Greg Williams The President can now impose economic sanctions on individuals involved in corruption or human rights abuses thanks to action by Congress. The so-called "Global Magnitzky Act" passed the Senate on December 8 as part of the National... Continue reading
Posted Dec 9, 2016 at The Jubilee Blog
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Representative Bachus speaking at the Capitol event by Greg Williams Jubilee USA honored House Financial Services Committee Chairman Emeritus Spencer Bachus (R-AL) at a November 10 evening event in the US Capitol. Bachus was a key architect of bipartisan legislation... Continue reading
Posted Nov 30, 2016 at The Jubilee Blog
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By Greg Williams The future of a federal consumer watchdog agency is uncertain amidst pledges to reduce the agency. Congress created the Consumer Financial Protection Bureau as part of the bipartisan 2010 Dodd-Frank Wall Street Reform Act. The Bureau issues... Continue reading
Posted Nov 25, 2016 at The Jubilee Blog
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By Greg Williams Puerto Rico Governor Alejandro García Padilla declined a new federal oversight board's request that he submit an updated fiscal plan for the island. Under Congressional legislation passed in June, the board has the authority to approve or... Continue reading
Posted Nov 22, 2016 at The Jubilee Blog
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By Greg Williams Jubilee Executive Director Eric LeCompte addressing the Financial Oversight and Management Board of Puerto Rico The Puerto Rico Financial Oversight and Management Board holds its third meeting at the El Conquistador Resort, Fajardo, Puerto Rico. This is... Continue reading
Posted Nov 19, 2016 at The Jubilee Blog
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By Darby Finch Four men were arrested in Indiana for allegedly using shell companies to defraud nursing home patients in the senior communities where they were executives. They overcharged for drugs and other goods and received the extra money through... Continue reading
Posted Oct 27, 2016 at The Jubilee Blog
By Greg Williams Our Campaigns Director, Andrew Hanauer, is quoted in a recent article on crime and corruption facilitated by some US-based anonymous "shell companies" and legislation that addresses the problem - the Incorporation Transparency and Law Enforcement Assistance Act.... Continue reading
Posted Oct 19, 2016 at The Jubilee Blog
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By Greg Williams Puerto Rico Governor Alejandro García Padilla submitted a fiscal plan to the new Puerto Rico Financial Oversight and Management Board when it met in New York October 14th. Congressional legislation passed in June created the board and... Continue reading
Posted Oct 14, 2016 at The Jubilee Blog
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By Greg Williams Jubilee USA participated in a variety of ways at last week's International Monetary Fund/World Bank Annual meetings. We met extensively with our international partners, sponsored and participated in panels on debt sustainability, new trends in sovereign debt... Continue reading
Posted Oct 12, 2016 at The Jubilee Blog
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By Greg Williams Friday, October 7th is the final day for the public to comment on new proposed federal regulations on "payday loans." Payday loans are short-term loans that carry an average annual interest rate of nearly 400% and are... Continue reading
Posted Oct 8, 2016 at The Jubilee Blog
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Washington DC - Finance Ministers, heads of central banks and government delegations open the Annual International Monetary Fund (IMF) and World Bank meetings through October 9th. As the meetings start, the IMF reports a sluggish economic growth forecast and a... Continue reading
Posted Oct 7, 2016 at The Jubilee Blog
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By Greg Williams The International Monetary Fund (IMF) released its bi-annual report on the state of the global economy, noting that global growth is "subdued" and uneven. Ahead of the IMF/World Bank Annual Meetings in Washington, the World Economic Outlook... Continue reading
Posted Oct 4, 2016 at The Jubilee Blog
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By Greg Williams G20 Finance ministers and central bank heads meet on October 6 to discuss economic growth and anti-corruption measures. The meeting comes ahead of the International Monetary Fund and World Bank Annual Meetings in Washington. The G20 meeting... Continue reading
Posted Oct 4, 2016 at The Jubilee Blog
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By Greg Williams The newly created Puerto Rico economic oversight board holds its first meeting and will elect a chair on September 30 in New York City. Congress created the 7-member board as part of legislation to address the island's... Continue reading
Posted Sep 29, 2016 at The Jubilee Blog
Dear Friends, In recent months, together we won solutions for greater transparency in the global financial system. We moved forward solutions to Puerto Rico's financial crisis. Now I'd like to invite you to join us again as we work on... Continue reading
Posted Sep 28, 2016 at The Jubilee Blog
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On September 15th, Mozambique's President Filipe Nyusi came to Washington, DC for a series of meetings with International Monetary Fund (IMF) Managing Director Christine Lagarde, World Bank President Jim Yong Kim, Secretary John Kerry and US AID's Gayle Smith. The... Continue reading
Posted Sep 26, 2016 at The Jubilee Blog
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UN Report Launched with Vatican by Greg Williams A report released from a UN group calls the global economy "fragile" and urges action on trade, tax and debt policies to improve economic growth. The United Nations Conference on Trade and... Continue reading
Posted Sep 23, 2016 at The Jubilee Blog
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Mozambique President Filipe Nyusi is in Washington for a series of meetings with International Monetary Fund (IMF) Managing Director Christine Lagarde, World Bank President Jim Yong Kim, Secretary John Kerry and US AID's Gayle Smith. The IMF suspended loans and... Continue reading
Posted Sep 15, 2016 at The Jubilee Blog
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By Greg Williams According to a new report, secretive offshore tax avoidance practices are on the rise among multinational businesses. The report, released from the Financial Accountability and Corporate Transparency Coalition (FACT), finds that these practices put investors at risk... Continue reading
Posted Sep 12, 2016 at The Jubilee Blog
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by Greg Williams A new study published by the Centers for Disease Control and Prevention connects the spreading Zika virus to a significant increase in birth defects in Brazil. According to the study, birth defects involving the nervous system nearly... Continue reading
Posted Sep 9, 2016 at The Jubilee Blog