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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 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
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