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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 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 6 days ago at The Jubilee Blog
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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by Andrew Hanauer The United Kingdom announced today it is donating approximately $50 million to the new International Monetary Fund (IMF) debt relief fund. The IMF created the fund - the Catastrophe Containment and Relief Trust (CCR) - last week... Continue reading
Posted Feb 9, 2015 at The Jubilee Blog
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By Sophia Har The International Monetary Fund (IMF) is providing $330 million of financing to aid Ebola-impacted countries. The plan includes $170 million of debt relief and grant-like aid for Liberia, Sierra Leone and Guinea. The new plan also expands... Continue reading
Posted Feb 5, 2015 at The Jubilee Blog
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By Sophia Har President Obama criticized Greek austerity programs in an interview that aired on CNN on Sunday. The United States President said: “You cannot keep on squeezing countries that are in the midst of depression.” Obama called on all... Continue reading
Posted Feb 2, 2015 at The Jubilee Blog
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Report: West Africa Needs Debt Relief to Address Economic Challenges By Sophia Har The United Nations Economic Commission for Africa (UNECA) released a report calling for debt cancellation for Ebola-impacted countries. The new report, "A Case for External Debt Cancellation... Continue reading
Posted Jan 30, 2015 at The Jubilee Blog
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By Sophia Har The Syriza party won 149 seats in Greece's Parliament and formed a coalition government with the conservative Independent Greeks who won 13 seats. Syriza campaigned on promises to cease austerity measures and renegotiate some of Greece's debt.... Continue reading
Posted Jan 27, 2015 at The Jubilee Blog
As we reflected on the legacy of Dr. Martin Luther King this past weekend, and as news headlines from around the world remind us of the importance of interfaith unity, we remember the remarkable event that Jubilee USA organized last... Continue reading
Posted Jan 20, 2015 at The Jubilee Blog
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Mechanism That Cancelled Haitian Debt Post-Earthquake Could Help Ebola-Affected West Africa by Sophia Har January 12 marks the five-year anniversary of Haiti's 2010 earthquake. The 7.0 quake killed an estimated 230,000 people, injured 300,000 more and displaced 1.5 million Haitians.... Continue reading
Posted Jan 12, 2015 at The Jubilee Blog