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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
Nobel Laureate, Former Economy Minister and Economic Experts Propose Improving IMF and World Bank Debt Analysis
Nobel Prize-winning economist Joseph Stiglitz and former Argentina Economy Minister Martin Guzman authored a study to improve how the IMF and World Bank analyze debt problems. The paper is part of “Debt Sustainability Assessments and their Role in the Global... Continue reading
Posted 1 hour ago at The Jubilee Blog
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Pressure Mounts to Address Global Debt Crises as G20 Finance Ministers Meet
Rio de Janeiro Gathering Expected to Advance Development Bank, Tax and Climate Measures G20 finance ministers begin their third meeting under this year’s G20 Brazilian Presidency. Debt, development bank reforms and tax measures to fund programs to address hunger, poverty... Continue reading
Posted Jul 25, 2024 at The Jubilee Blog
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Africa Religious Leaders: Debt Forgiveness Key to Region’s Economic Renewal
Interfaith Africa Leaders Call for Changes to Global Economy During Jubilee 2025 Ahead of the Jubilee 2025 year that faith communities are celebrating worldwide, African interfaith leaders called for debt forgiveness and processes to support economic development. Representing Catholic, Anglican,... Continue reading
Posted Jul 19, 2024 at The Jubilee Blog
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G7 Leaders Pressed to Find Debt Crisis Solutions Amid Worrying Growth Forecasts
Ahead of Jubilee 2025 Year, Pope Francis is First Pope in History to Join G7 Summit G7 leaders grapple with debt, climate and development crises in Italy from June 13th - 15th. In addition to the presidents and prime ministers... Continue reading
Posted Jun 14, 2024 at The Jubilee Blog
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New York Senate Legislation Passes to Curb "Vulture" Fund Behavior
New York State Council of Churches, Jubilee USA Network, Oxfam and Partners In Health Issue Statement for Assembly to Pass and Governor to Sign "Champerty" Legislation and Urge Legislature to Pass Stronger Actions A Senate bill (S5623) aimed at curbing... Continue reading
Posted Jun 14, 2024 at The Jubilee Blog
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African Religious Organizations Call for Tripling Size of Vulnerable Countries Fund
Kenya President Ruto Hosts Heads of State and World Leaders for Aid Negotiations The World Bank program that provides aid to poor countries should triple funding by 2030, said interfaith African organizations in a statement addressed to leaders meeting in... Continue reading
Posted Apr 29, 2024 at The Jubilee Blog
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World Leaders Meet for Spring IMF, World Bank and G20 Meetings
World leaders, finance ministers, business groups, academics and development organizations attend the Spring IMF, World Bank and G20 meetings. “Debt, climate issues and poor economic growth top the agenda during these meetings,” said Eric LeCompte, Executive Director of the religious... Continue reading
Posted Apr 19, 2024 at The Jubilee Blog
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World Leaders Meet for Spring IMF, World Bank and G20 Meetings
World leaders, finance ministers, business groups, academics and development organizations attend the Spring IMF, World Bank and G20 meetings. “Debt, climate issues and poor economic growth top the agenda during these meetings,” said Eric LeCompte, Executive Director of the religious... Continue reading
Posted Apr 19, 2024 at The Jubilee Blog
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Jubilee USA Statement on IMF World Economic Outlook Report
As world leaders arrive in Washington, DC for the Spring IMF and World Bank Meetings, the IMF releases its flagship World Economic Outlook report. Eric LeCompte, Executive Director of the religious development group Jubilee USA Network and a United Nations... Continue reading
Posted Apr 16, 2024 at The Jubilee Blog
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IMF Chief Warns of Debt Payments in Low-Income Countries Ahead of IMF, World Bank and G20 Meetings
Global Economic Losses Since Dawn of Pandemic Hit $3.3 Trillion Since 2020, the global economy lost $3.3 trillion. The loss affected the most vulnerable countries hardest noted International Monetary Fund chief Kristalina Georgieva. Delivering her curtain raiser speech ahead of... Continue reading
Posted Apr 11, 2024 at The Jubilee Blog
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Debt Relief, Climate and Recovery Aid Needed, Say Africa Catholic Bishops as African Finance Ministers Meet in Victoria Falls
African Catholic Bishops called for an overhaul of the financial system to address health, climate, food and other challenges the region faces. Ahead of a gathering of African Finance Ministers in Victoria Falls, Zimbabwe, the Justice, Peace and Development Commission... Continue reading
Posted Mar 1, 2024 at The Jubilee Blog
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Brazil Chairs G20 and Vows to Address Poverty, Hunger and Climate Change as Finance Ministers Gather in São Paulo
The Brazilian Presidency of the G20 hosts finance ministers for their first G20 meeting this year. Brazil’s vow to make the reduction of poverty and hunger priorities this year takes place amidst the world’s worst growth projections in the last... Continue reading
Posted Feb 28, 2024 at The Jubilee Blog
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IMF Says Historic Low Growth and Sluggish Economy Will Continue
Debt and War Present Major Global Economic Challenges According to IMF The IMF forecast 3.1% global growth in 2024, a fifth of a point increase on its October projection. According to the IMF, the new forecast is still below the... Continue reading
Posted Jan 31, 2024 at The Jubilee Blog
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COP28 Climate Summit Negotiations Focus on Commitments for Developing Countries to Adapt and Solve Climate Crisis
Most Developing Countries Spend More on Debt Service than on Addressing Country Climate Crisis Challenges Dubai prepares to host nearly 170 prime ministers and presidents as part of COP28, this year’s United Nations conference to reach agreements on measures to... Continue reading
Posted Nov 29, 2023 at The Jubilee Blog
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Leaders of Largest US and Puerto Rico Churches Urge Congress to Pass Same Level of Food and Child Poverty Aid that US States Receive
Puerto Rico should receive the same nutrition assistance benefits, popularly known as food stamps, as US states receive, noted 28 major religious leaders from Puerto Rico and the United States. In a letter to Congress, the leaders of the largest... Continue reading
Posted Nov 13, 2023 at The Jubilee Blog
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Jubilee USA Statement on IMF and World Bank Meetings and IMFC Press Briefing
On Sunday, the Annual International Monetary Fund and World Bank Meetings conclude. On Saturday, the International Monetary and Financial Committee (IMFC), the IMF policymaking body, met as part of the IMF and World Bank Meetings. The global economy, economic growth,... Continue reading
Posted Oct 14, 2023 at The Jubilee Blog
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Morocco G20 Finance Meetings Make Few Decisions on Crisis Response
Consensus Document Dodges Israel/Gaza Conflict and Impacts G20 finance ministers met on global economic growth, debt, inflation, expanding development bank aid, the pandemic and other crises. Meeting in Morocco during the Annual IMF and World Bank Meetings, the ministers reached... Continue reading
Posted Oct 13, 2023 at The Jubilee Blog
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Jubilee USA Statement on IMF and World Bank Meetings and Development Committee Meeting
The IMF and World Bank's Development Committee, a major policymaking body for the institutions, met in Marrakesh in the context of the IMF and World Bank Annual meetings. The Development Committee and the IMF and World Bank meetings focused on... Continue reading
Posted Oct 12, 2023 at The Jubilee Blog
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African Catholic Bishops: Marrakesh Meetings Should Act on “True Jubilee of Hope in Africa”
African Faith Leaders Call for Debt Relief and Economic Policy to Assist With Poverty as the Annual IMF and World Bank Meetings Begin. Continue reading
Posted Oct 11, 2023 at The Jubilee Blog
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IMF and World Bank Meetings Wrestle with Low Growth, High Interest Rates, Debt Crises and Climate Challenges
Jubilee USA Releases Statement on IMF Growth Projections Amidst the New Conflict Between Israel and Gaza Continue reading
Posted Oct 11, 2023 at The Jubilee Blog
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Jubilee USA Statement on IMF Global Financial Stability Report
Jubilee USA Issues Statement Following the IMF's Release of the Global Financial Stability Report Continue reading
Posted Oct 10, 2023 at The Jubilee Blog
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Jubilee USA Statement on IMF World Economic Outlook Report
Jubilee USA Releases Statement on IMF World Economic Outlook Report Continue reading
Posted Oct 10, 2023 at The Jubilee Blog
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World Leaders Focus on High Debt Levels and Poor Economic Growth as Morocco Meetings Begin
High Debt Levels and Little Economic Growth Are Main Topics as IMF and World Bank Meetings Begin in Morocco Continue reading
Posted Oct 9, 2023 at The Jubilee Blog
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IMF Speaks: World Economy Loses $3.7 Trillion Due to Pandemic and Economic Shocks
As World Leaders Head to Morocco, IMF Leader Raises Growth and Debt Challenges Continue reading
Posted Oct 5, 2023 at The Jubilee Blog
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Pope Francis Releases "Laudate Deum" Ahead of Global Economy and Climate Meetings
Pope Francis urged international cooperation to tackle environmental crises, in a document released today. Laudate Deum – which in Latin means “Praise God” – is a follow-up to his 2015 Laudato Si, the most comprehensive Encyclical on climate and the... Continue reading
Posted Oct 4, 2023 at The Jubilee Blog
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