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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
Fed Says College Students Have More Debt than Previous Generations
By Kate Zeller A study released from the Federal Reserve Board notes that 70 percent of college students are graduating with more than $37,000 in debt. "Student loan debt has reached crisis levels," noted Eric LeCompte who heads the religious... Continue reading
Posted 4 days ago at The Jubilee Blog
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G20 Discusses Preventing Financial Crisis and Small Island Economies
By Kate Zeller President Trump arrived in Buenos Aires on Thursday for the annual G20 meetings. While trade, climate and tensions with Russia dominated press coverage ahead of the meetings, financial crisis concerns are taking center stage during the two-day... Continue reading
Posted Nov 30, 2018 at The Jubilee Blog
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Eric LeCompte Speaks to National Catholic Reporter on The Effects of Hurricanes on Small Islands
Eric LeCompte, Executive Director of Jubilee USA, recently spoke with the National Catholic Reporter about the financial effects of hurricanes on islands in the Caribbean. Read an excerpt below and follow this link to the full article. Post-disaster tourism, volunteering... Continue reading
Posted Nov 20, 2018 at The Jubilee Blog
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Puerto Rico Religious Leaders Criticize Debt Plans and Negotiations
By Kate Zeller Puerto Rico's Catholic Archbishop and an Evangelical leader who heads the island's bible society criticized a debt agreement and ongoing debt negotiations. "We are strongly opposed to the COFINA debt deal," wrote the religious leaders in a... Continue reading
Posted Nov 20, 2018 at The Jubilee Blog
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Puerto Rico Religious Leader Statement on Debt Plan and Negotiations
"but with righteousness he shall judge the poor, and decide with equity for the meek of the earth; and he shall smite the earth with the rod of his mouth, and with the breath of his lips he shall slay... Continue reading
Posted Nov 20, 2018 at The Jubilee Blog
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Implementing Debt, Tax, Trade and Transparency Policies that Protect the Vulnerable, Promote Development and Address Inequality
The Intergovernmental Group of Experts on Financing for Development, United Nations Conference on Trade and Development (UNCTAD) United Nations Geneva, Switzerland Eric LeCompte, Executive Director of Jubilee USA November 9th, 2018 Remarks As Prepared for Delivery I want to extend... Continue reading
Posted Nov 20, 2018 at The Jubilee Blog
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Elections, NAFTA, Puerto Rico - Act, Pray - Jubilee Weekend
Friends, With mid-term elections upon us, we head to the ballot box as too many people suffer. We know how important voting, praying and acting is to address inequality and to ease suffering. Soon after the elections, Congress could vote... Continue reading
Posted Nov 20, 2018 at The Jubilee Blog
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President Trump: Hurricane Relief Should Not Pay Puerto Rico Debt
By Kate Zeller According to a report from Axios, President Trump told advisers that additional hurricane relief monies should not be sent to Puerto Rico as the monies could be used to pay the island's debt. "We are concerned that... Continue reading
Posted Nov 20, 2018 at The Jubilee Blog
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Oversight Board Reviews New Fiscal Plan for Puerto Rico
By Kate Zeller Puerto Rico's oversight board reviews a new plan on economic growth and debt payments to the island's creditors in San Juan today. The Financial Oversight and Management Board for Puerto Rico was appointed through an act of... Continue reading
Posted Oct 23, 2018 at The Jubilee Blog
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IMF and World Bank Warn of Financial Crisis as Indonesian Currency Hits Asian Crisis Low
By Lydia Andrews World leaders, finance ministers, heads of banks and nongovernmental organizations begin the Annual IMF and World Bank Meetings held this year in Indonesia. Ahead of the meetings the IMF issued stark warnings that another global financial crisis... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Speaks to Koran Jakarta on IMF Economic Projections
By Kate Zeller Responding to the IMF projection, Jubilee USA Executive Director, Eric LeCompte, stated the importance of looking at the decline in economic growth from 3.9 percent to 3.7 percent. "From the report, it reminds us that the economic... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Speaks to the New Telegraph on Nigerian Debt
By Kate Zeller Oil producing countries, including Nigeria, should not be tempted to delay reforms in their countries because of the present high oil prices, the International Monetary Fund (IMF) has advised. This counsel came hours after Eric LeCompete, who... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Cited in Daily Trust on Debt Crisis in Africa
By Kate Zeller Eric LeCompte, a financial expert and executive director of Jubilee USA said: “We are seeing growing debt crises in many developing economies, at the same time, we see risky and speculative behaviour on the raise. “We know... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Speaks to Sahara Reporters on Nigerian Economy
By Kate Zeller Eric LeCompte, a financial expert and executive director of Jubilee USA said: “We are seeing growing debt crises in many developing economies, at the same time, we see risky and speculative behaviour on the raise. “We know... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Dark Clouds Gather on Horizon for Financial System, Warns International Monetary Fund
By Kate Zeller The International Monetary Fund releases its "Global Financial Stability Report" ahead of its Annual Meetings held this year in Southeast Asia. The report finds that short-term risks to financial stability rose in the last 6 months. "The... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Discusses Earthquake in Haiti with America
By Kate Zeller Eric LeCompte, Executive Director of Jubilee USA, recently spoke with America, the Jesuit Review, on the recent earthquakes in Haiti. Read excerpt below and follow link to full article. 5.9 Earthquake Rocks Northern Haiti “The situation in... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Speaks with Leadership on Nigeria
By Kate Zeller Eric LeCompte, Executive Director of Jubilee USA, was recently quoted in Leadership speaking on the International Monetary Fund's projections for Nigeria and the world economy. Read excerpt below and follow link to full article. Poor Growth In... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Discusses Nigerian Economic Downturn with The Nation
By Kate Zeller Eric LeCompte, Executive Director of Jubilee USA, was recently quoted in The Nation speaking on the International Monetary Fund's projections for Nigeria and the world economy. Read excerpt below and follow link to full article. Nigeria’s growth... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Speaks to Nearshore Americas on Argentina
By Kate Zeller “Argentina has had a difficult history with the IMF, austerity and predatory vulture hedge funds. We don’t want history to repeat itself,” stated Eric LeCompte, Executive Director of the religious development group Jubilee USA, in a press... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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IMF Lowers Global Growth Projections and Raises Concerns of Financial Crisis
By Kate Zeller The International Monetary Fund released the World Economic Outlook Report and lowered global growth projections to 3.7 percent for 2018 and 2019. The estimates falls .2 percent since the last IMF economic report released in April. The... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Withstanding the Next Storm: Resilient Economies Require Resilient Tools to Weather Financial Crisis and Natural Disaster
By Kate Zeller October 12, 2018 2:00-3:00 pm Annual IMF/World Bank Meetings Room Surabaya - Bali International Conference Center (BICC) Bali, Indonesia Moderator: Eric LeCompte, Executive Director, Jubilee USA Network Panelists: Honorable Minister Jean-Marie Ogandaga, Minister of Economy, Gabon Aldo... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Speaks to Aleteia on Puerto Rico
By Kate Zeller Eric LeCompte, Executive Director of Jubilee USA was recently quoted in Aleteia speaking on rebuilding efforts in Puerto Rico one year after Hurricane Maria. Read excerpt below and follow link to full article. One year after hurricane... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Jubilee USA Statement on IMF Lending to Argentina
By Kate Zeller The International Monetary Fund announced a $7 billion increase to its credit line to Argentina. IMF lending to Argentina now totals $57 billion, making it the largest lending program in IMF history. Eric LeCompte is the Executive... Continue reading
Posted Oct 11, 2018 at The Jubilee Blog
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Eric LeCompte Quoted in Politico on Disaster Recovery
By Lydia Andrews Eric LeCompte, Executive Director of Jubilee USA was recently quoted in Politico speaking about transparency in disaster recovery efforts in Puerto Rico. Read excerpt below and follow link to full article. Zinke's political ties to Virgin Islands... Continue reading
Posted Oct 4, 2018 at The Jubilee Blog
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Call Senate for Puerto Rico Food Assistance
The Senate is about to vote on a Puerto Rico amendment to the 2018 Farm Bill. We need you to make a quick call to your Senators now. Please urgently call your Senators and ask them to support Senators Marco... Continue reading
Posted Oct 4, 2018 at The Jubilee Blog
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