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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
A message from Eric LeCompte, Executive Director of Jubilee USA: Dear Friends, If you're like me, you've probably gotten a lot of emails asking for your support on "Giving Tuesday." So I'm sorry to add one more to your in-box,... Continue reading
Posted 10 hours ago at The Jubilee Blog
by Greg Williams Puerto Rico may default on a $354 million December 1 debt payment. The US Territory is scheduled to make another payment of $957 million on January 1. The island's governor calls the total $72 billion debt "unpayable"... Continue reading
Posted 2 days ago at The Jubilee Blog
Puerto Rico's Government Development Bank is meeting in New York with advisers of some of the finance firms that own Puerto Rico's debt. The Bank says it will present a proposed plan to comprehensively resolve the island's debt crisis. A... Continue reading
Posted 7 days ago at The Jubilee Blog
Jubilee's Executive Director Eric LeCompte appeared alongside a prominent group of experts - including Puerto Rico's Congressman Pedro Pierluisi and noted bankruptcy judge Steven Rhodes - at a forum on Puerto Rico's economic crisis. Puerto Rico owes more than $72... Continue reading
Posted Nov 17, 2015 at The Jubilee Blog
By Greg Williams Our executive Director Eric LeCompte discusses Pope Francis' visit and Jubilee USA's vision of an economy that leaves no one behind in this great video from MSNBC. Eric breaks down how the financial system operates and focuses... Continue reading
Posted Oct 22, 2015 at The Jubilee Blog
by Andrew Hanauer On August 31, Puerto Rican religious leaders stood together and called for solutions to the island's economic crisis that invest in the most vulnerable, stop austerity and predatory hedge fund behavior and reduce debt. They called for... Continue reading
Posted Sep 22, 2015 at The Jubilee Blog
By Sophia Har A United Nations committee adopted nine principles to create a global bankruptcy process for countries. Nobel Laureate Joseph Stiglitz addressed the final session of "The UN Ad Hoc Committee on Sovereign Debt Restructuring" that the UN General... Continue reading
Posted Jul 28, 2015 at The Jubilee Blog
By Sophia Har Synagogues and churches held prayer services for students as the Consumer Financial Protection Bureau fined Discover Bank $18.5 million for illegal student lending practices. The bank must repay students $16 million, pay a $2.5 million civil penalty... Continue reading
Posted Jul 27, 2015 at The Jubilee Blog
By Sophia Har The Archbishop of San Juan, Puerto Rico, calls for Congress to grant the island bankruptcy protection. In the following op-ed from TIME Magazine, he applauds Jubilee USA for our debt relief efforts and calls for a global... Continue reading
Posted Jul 17, 2015 at The Jubilee Blog
By Sophia Har Heads of state and high-level government officials reached a global development agreement during the Third Annual Financing for Development Conference. Negotiations reached a sticking point over a global tax body that would propose global tax policies to... Continue reading
Posted Jul 15, 2015 at The Jubilee Blog
By Sophia Har Pope Francis called for an international bankruptcy process in a news conference as he left Latin America on Monday. According to the Associated Press, when asked about the Greek debt crisis, Francis stated, "if a company can... Continue reading
Posted Jul 14, 2015 at The Jubilee Blog
By Sophia Har Puerto Rico's public utility company, the Puerto Rico Electric Power Authority (PREPA), reached a deal Wednesday with investors to extend debt negotiations. PREPA will pay $416 million immediately and then will have until September 15 to reach... Continue reading
Posted Jul 2, 2015 at The Jubilee Blog
By Sophia Har This week's Nepal donor conference pledged $4.4 billion in aid to Nepal, short of the $6.6 billion Nepal requested for earthquake recovery. About half of the total financing is loans and half is grants. Nepal did not... Continue reading
Posted Jun 30, 2015 at The Jubilee Blog
By Sophia Har UN negotiators struggle to find consensus on debt, trade and tax policies on the last day of scheduled negotiations before heads of state, business leaders and development organizations meet for the July Financing for Development (FfD) conference... Continue reading
Posted Jun 22, 2015 at The Jubilee Blog
By Sophia Har A package of trade bills stalled today when the US House of Representatives defeated one portion of the package while voting in favor of another. Trade Adjustment Assistance, a program to assist US workers who lose their... Continue reading
Posted Jun 17, 2015 at The Jubilee Blog
By Sophia Har G7 Heads of State released their annual Declaration as their summit finished in Bavaria, Germany. The summit focused on rising debt levels and risks to global economic stability amid geopolitical tension around the world. They call for... Continue reading
Posted Jun 9, 2015 at The Jubilee Blog
By Sophia Har The upcoming G7 summit focuses on global economic issues and conflicts in Ukraine and the Middle East. Pending international trade agreements and ongoing debt crises around the world will dominate the ‎conversation. "Debt, tax and trade issues... Continue reading
Posted Jun 5, 2015 at The Jubilee Blog
US Banks Named in FIFA Indictment By Sophia Har The President of international soccer's governing body, the Federation Internationale de Football Association (FIFA), is resigning amid corruption allegations. Sepp Blatter led FIFA for 17 years before resigning June 2 after... Continue reading
Posted Jun 4, 2015 at The Jubilee Blog
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 May 27, 2015 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 May 22, 2015 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