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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
IMF Warns of Unstable Financial System
Washington DC - The International Monetary Fund warns of growing financial instability as a result of high debts and risky investing in the release of the IMF 2019 Global Financial Stability Report. The report raised fears that developing countries are... Continue reading
Posted 3 days ago at The Jubilee Blog
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IMF Reports Dismal, "Uncertain" Economic Outlook
The International Monetary Fund downgrades global economic forecasts, calling the future of the economy, "precarious" and "uncertain," with the release of the 2019 World Economic Outlook Report. Continue reading
Posted 3 days ago at The Jubilee Blog
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New Senate Bill Combats Shell Companies United Nations Debates Tax Havens
Washington DC - A bipartisan group of Senators introduced the "Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings (ILLICIT CASH) Act" to stop the creation of shell corporations in the United States. Continue reading
Posted Sep 27, 2019 at The Jubilee Blog
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Kristalina Georgieva Takes IMF Helm
The International Monetary Fund announces that World Bank CEO and Bulgarian environmental economist, Kristalina Georgieva, will become the Fund's new Managing Director. Continue reading
Posted Sep 25, 2019 at The Jubilee Blog
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Pope Francis: Mauritius Reject "Idolatrous Economic Model"
Port Louis, Mauritius - Reject your "idolatrous economic model," were the words Pope Francis addressed Mauritius' political leaders with on Monday. Dubbed the "Mauritius Leaks," the island is the center of a tax avoidance scandal where companies pay a lower... Continue reading
Posted Sep 10, 2019 at The Jubilee Blog
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Mozambique Charges Former President's Son, Officials for Secret Debt Scandal
Washington DC - Mozambique charged the former president's son and 19 others on corruption, fraud and blackmail in relation to a $2 billion dollar loan scandal. “Some of the world's poorest people are the victims of the Mozambique debt scandal,”... Continue reading
Posted Aug 9, 2019 at The Jubilee Blog
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Disaster Food Assistance Funds Distributed in Puerto Rico
Washington DC - The Government of Puerto Rico began distribution of emergency disaster food assistance Monday. In May, Congress approved $600 million for the Puerto Rico Nutrition Assistance Program (NAP) as part of disaster relief measures to benefit Americans recovering... Continue reading
Posted Jul 30, 2019 at The Jubilee Blog
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Debt Collectors Fined and Ordered to Stop Operations
Washington DC - Two debt collection agencies were ordered to stop operations and fined more than $60 million by the Consumer Financial Protection Bureau (CFPB) and New York's Attorney General. The settlement involves debt companies run by Douglas MacKinnon and... Continue reading
Posted Jul 26, 2019 at The Jubilee Blog
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Judge Halts Puerto Rico Bankruptcy for 4 Months
In a hearing on Wednesday, US District Court Judge Laura Taylor Swain told Puerto Rico's government, creditors and a federal oversight board that for 120 days all debt suits will be on hold and sent to mediation. Puerto Rico is attempting to resolve more than $72 billion in debt. Continue reading
Posted Jul 24, 2019 at The Jubilee Blog
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Poor Countries Lose Billions from Tax Avoidance, Reveal "Mauritius Leaks"
The International Consortium of Investigative Journalists (ICIJ) released evidence that laws in the country of Mauritius help corporations avoid taxes globally, including on the continent of Africa. Continue reading
Posted Jul 23, 2019 at The Jubilee Blog
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Poor Countries Lose Billions from Tax Avoidance, Reveal "Mauritius Leaks"
The International Consortium of Investigative Journalists (ICIJ) released evidence that laws in the country of Mauritius help corporations avoid taxes globally, including on the continent of Africa. Continue reading
Posted Jul 23, 2019 at The Jubilee Blog
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Credit Suisse Banker Pleads Guilty in Mozambique Loan Scandal
On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country. Continue reading
Posted Jul 22, 2019 at The Jubilee Blog
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Ballooning Student Debt Debated by Presidential Hopefuls
Republicans and Democrats Propose Student Loan Relief Solutions Washington DC - American student loan debt topped $1.6 trillion dollars this year, surpassing credit card and auto loan debt combined. More than 45 million people hold student debt, owing an average... Continue reading
Posted Jul 5, 2019 at The Jubilee Blog
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Senate Bill Tackles Tax Evasion, Secrecy and Money Laundering
July 3, 2019 Washington DC - Last Wednesday, Senators Ron Wyden (D-OR), Marco Rubio (R-FL) and Sheldon Whitehouse (D-RI) introduced the Corporate Transparency Act of 2019, which would reveal the secret owners of shell corporations to law enforcement. "This legislation... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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IMF's Lagarde Nominated to Head European Central Bank
July 2, 2019 Washington DC - The head of the International Monetary Fund, Christine Lagarde, was nominated Tuesday to lead the European Central Bank. Eric LeCompte the Executive Director of the religious development group Jubilee USA, releases the following statement:... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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G20 Leaders Wrestle with Trade, Climate and Financial Crisis
June 29, 2019 Osaka, Japan - Leaders of the world's wealthiest economies gathered at the annual G20 Summit to discuss global policies on trade, climate, debt, tax and financial crisis prevention. Eric LeCompte the Executive Director of the religious development... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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Amidst Puerto Rico Financial Crisis, Island Religious Leaders Call for Global Debt and Transparency Policies
June 21, 2019 San Juan, Puerto Rico - Last week, Archbishop Roberto González—the leader of the Archdiocese of San Juan, the Secretary General of the Puerto Rico Bible Society—Reverend Heriberto Martínez and the island's Catholic Charities head, Reverend Enrique Camacho... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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Puerto Rico Archbishop, Religious Leader Statement on Debt, Disaster Aid and Pensions
June 14, 2019 If anyone causes one of these little ones—those who believe in me—to stumble, it would be better for them to have a large millstone hung around their neck and to be drowned in the depths of the... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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Financial Transparency Legislation Clears House Financial Services Committee
June 12,2019 Washington DC - A bill that requires anonymous shell companies to reveal their true owner was approved by the House Financial Services Committee on Wednesday by a bipartisan vote of 43-16. The Corporate Transparency Act of 2019 (H.R.... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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President Trump Signs Disaster Aid Package for Puerto Rico, US States and Territories
June 6, 2019 Washington DC - President Trump signed into law a $19.1 billion disaster relief package to aid Americans recovering from flooding, wildfires, hurricanes and other natural disasters. The package includes more than $900 million in emergency food and... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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Congress Passes Disaster Relief for Puerto Rico, US States and Territories
June 3, 2019 Washington DC - The House of Representatives voted Monday night to pass a $19.1 billion disaster bill for Puerto Rico, US States and Territories recovering from disasters. "The passage of disaster relief for Americans from California to... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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Disaster Relief Fails to Pass House of Representatives for Third Time
May 31, 2019 Washington DC - For a third time in a week, the House of Representatives failed to pass a $19.1 billion disaster aid bill to benefit disaster troubled US States and Territories. Because Congress is on recess, votes... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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Congress Fails Again to Pass Disaster Aid Package for Puerto Rico, US States and Territories
May 30, 2019 Washington DC - For a third time, the House of Representatives failed to pass a $19.1 billion disaster aid bill to benefit disaster troubled US States and Territories. The Senate passed the disaster package last Thursday. Tennessee... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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House Delays Disaster Package for Puerto Rico, US States and Territories
May 24, 2019 Washington DC - The House of Representatives delayed a vote on a $19.1 billion disaster bill that would aid Americans in a number of US States and Territories. After the disaster supplemental passed the Senate on Thursday,... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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Congress, White House Move Disaster Relief for Puerto Rico, US States and Territories
May 23, 2019 Washington, DC - On Thursday, the Senate passed a $19.1 billion disaster relief plan to aid Americans recovering from natural disasters in US Territories like Puerto Rico and States including Iowa. The House of Representatives and the... Continue reading
Posted Jul 3, 2019 at The Jubilee Blog
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