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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
G20 Announces Debt Relief Process
By Zach Conti Washington DC – G20 finance ministers held an extraordinary meeting and announced further plans on debt reduction for developing countries affected by the COVID-19 economic crisis. “The G20 created a process that includes all creditors, including the... Continue reading
Posted Nov 13, 2020 at The Jubilee Blog
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G20 Holds Extraordinary Debt Reduction Meeting
On Friday, the G20 convenes an extraordinary meeting on debt reduction for developing countries affected by the COVID-19 economic crisis. “The G20 recognizes that many vulnerable countries won't move beyond this crisis without significant debt relief,” said Eric LeCompte, Executive... Continue reading
Posted Nov 12, 2020 at The Jubilee Blog
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G20 Holds Extraordinary Debt Reduction Meeting
On Friday, the G20 convenes an extraordinary meeting on debt reduction for developing countries affected by the COVID-19 economic crisis. “The G20 recognizes that many vulnerable countries won't move beyond this crisis without significant debt relief,” said Eric LeCompte, Executive... Continue reading
Posted Nov 12, 2020 at The Jubilee Blog
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COVID Crisis: G20 Defers Action on Aid, Tax and Debt Cancellation
By Zachary Conti G20 finance ministers agreed to extend debt payment relief for the 73 poorest countries and, in principle, to have a common framework to cancel debts. The G20 Finance Ministers and Central Bank Governors met on global COVID-19... Continue reading
Posted Oct 15, 2020 at The Jubilee Blog
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IMF Economic Reports: Inequality and Poverty Rising Amidst COVID Crisis
By Zach Conti Analyzing the economic crisis spurred by the coronavirus, the International Monetary Fund released the Global Financial Stability Report and the 2020 World Economic Outlook Report, "A Long and Difficult Ascent." The economic outlook report projects global economic... Continue reading
Posted Oct 13, 2020 at The Jubilee Blog
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IMF Calls for New Global Debt Policies to Confront COVID Financial Crisis
By Zachary Conti IMF head Kristalina Georgieva warned that developing countries could face a second wave of economic crises just as they are recovering from the coronavirus pandemic. "... There is a need to reform the international debt 'architecture' ...... Continue reading
Posted Oct 2, 2020 at The Jubilee Blog
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UN, Presidents and Prime Ministers Discuss Coronavirus Financial Crisis Solutions
By Zach Conti Washington DC – Presidents, prime ministers and world leaders focused on solutions for the global economic crisis spurred by the coronavirus at a virtual United Nations meeting. "Financing the 2030 Agenda for Sustainable Development in the Era... Continue reading
Posted Sep 29, 2020 at The Jubilee Blog
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G7 Finance Ministers Support Debt Relief for Poor Countries Combating COVID-19 Crisis
Washington DC - The G7 supports a process for debt cancellation for vulnerable countries, they announced this morning after Treasury convened a special Finance Ministers meeting. In a G7 statement, the ministers also encouraged an extension of the G20 Debt... Continue reading
Posted Sep 25, 2020 at The Jubilee Blog
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Developing Countries Lose Trillions from Crime and Tax Abuse, Says UN Panel
By Zach Conti A high-level United Nations panel report says global policies are needed to prevent trillions of dollars escaping developing countries through tax abuse and corruption. The UN group includes former heads of state, past central bank governors, business... Continue reading
Posted Sep 24, 2020 at The Jubilee Blog
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Finance Ministers and United Nations Discuss COVID Crisis Solutions
By Zachary Conti IMF Announces Access to Global "SDRs" Reserve The majority of developing countries face deepening crises, IMF head Kristalina Georgieva told a global meeting of Finance Ministers. Georgieva spoke during, "Financing the 2030 Agenda for Sustainable Development in... Continue reading
Posted Sep 8, 2020 at The Jubilee Blog
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The Fed and Central Banks Seek Cure for COVID-hit Economy
On August 27 and 28, the US Federal Reserve and other government central banks meet for their annual retreat. Traditionally held in the picturesque location of Jackson Hole, Wyoming, this year the meeting will take place virtually under the theme... Continue reading
Posted Aug 27, 2020 at The Jubilee Blog
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Battling Economic Crises, Tropical Storm Laura Slams Haiti and Dominican Republic
By Zachary Conti Over the weekend, Tropical Storm Laura pummeled Haiti and the Dominican Republic leaving at least 13 dead, infrastructure decimated and towns isolated by landslides. "The damage is quite serious across Haiti," stated Eric LeCompte, the Executive Director... Continue reading
Posted Aug 24, 2020 at The Jubilee Blog
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Stimulus Plan Must Include Puerto Rico Say Major Religious Leaders
Religious leaders representing over 95% of Puerto Rico's population wrote Congress urging that the island be included in the next stimulus plan. Job creation, disaster relief and protections for the vulnerable were lifted in a letter signed by leaders of... Continue reading
Posted Aug 19, 2020 at The Jubilee Blog
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Stimulus Plan Negotiations Turn to Student Debt
Student debt relief is now included in round the clock stimulus package negotiations on Capitol Hill. On Thursday, President Trump indicated that student debt relief measures passed in the Spring could be extended in the final Congressional package. "During a... Continue reading
Posted Aug 19, 2020 at The Jubilee Blog
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G20 Waits for Fall Meetings for Coronavirus Crisis Decisions
On Saturday, G20 Finance Ministers met virtually on the global health and economic impacts of the coronavirus. A communiqué issued by the Ministers pushed decisions on the crisis to later in the year. "Decisions on further debt payment suspensions, permanent... Continue reading
Posted Aug 19, 2020 at The Jubilee Blog
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G7 Calls for More Debt Relief to Confront COVID-19 Crisis
Treasury Secretary Steven Mnuchin convened G7 Finance Ministers, the International Monetary Fund and the World Bank to coordinate responses to the COVID-19 pandemic. In April, the G7 supported the G20 to implement a plan to suspend debt payments for the... Continue reading
Posted Aug 19, 2020 at The Jubilee Blog
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World Bank Says Bold Debt Relief Plans Needed to Confront COVID Crisis
World Bank President David Malpass called for debt cancellation for poor countries struggling with the coronavirus, in an interview he gave to The Guardian. "The coronavirus crisis is both a health and economic crisis and many developing countries can't address... Continue reading
Posted Aug 19, 2020 at The Jubilee Blog
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G20 Finance Ministers Kick COVID Crisis Decisions to Fall
Chaired by Saudi Arabia, G20 Finance Ministers met virtually and focused on the global health and economic impacts of the coronavirus. A communiqué issued by the Ministers suggested most decisions on the crisis will be made later in the year.
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Posted Jul 18, 2020 at The Jubilee Blog
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World Leaders Meet to Tackle COVID Debt and Development Crises
The G20 and Paris Forum convened a global virtual High-Level Ministerial conference for 39 countries focused on the economic, debt and development impacts of the coronavirus. Continue reading
Posted Jul 17, 2020 at The Jubilee Blog
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G20 Must Act, Say Hundreds of Religious, Labor, Human Rights, Environmental and Development Groups
Washington DC - Ahead of Saturday's G20 Finance Minister meetings, a wide range of 213 organizations is pressing for more action to confront the global health and economic impacts of the coronavirus. The largest religious bodies in the United States... Continue reading
Posted Jul 17, 2020 at The Jubilee Blog
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G7 Finance Ministers Discuss Coronavirus Debt and Transparency Impacts for Developing Countries
Amidst questions of upcoming G7 meeting dates and which countries are participating, G7 Finance Ministers met virtually about economic issues related to the COVID-19 pandemic. The G7 meeting focused on aid, debt and transparency issues affecting developing countries impacted by the coronavirus. Continue reading
Posted Jul 17, 2020 at The Jubilee Blog
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World Health Assembly Wrestles with Coronavirus
As the global coronavirus death toll tops 300,000 people, the leaders of the World Health Organization (WHO) prepare to hold their leadership meetings virtually from May 18th - 19th. Continue reading
Posted May 15, 2020 at The Jubilee Blog
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Developing Countries Struggle with Coronavirus Health and Economic Impacts
Additional Resources Urgently Needed Says Religious Development Coalition Washington DC - From Ecuador to the Dominican Republic to Ethiopia, developing countries are struggling to obtain aid and financing to address the health and economic impacts of the coronavirus. "Because of... Continue reading
Posted May 1, 2020 at The Jubilee Blog
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Hedge Fund Threatens Trade Tribunal to Sue Peru for Old Military Debt
Washington DC - A US hedge fund is threatening to sue Peru for $5.1 billion over decades-old military debts it bought. The fund, Gramercy, argues the Peruvian government's current repayment plan is inadequate and that it will sue Peru through... Continue reading
Posted Apr 29, 2020 at The Jubilee Blog
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Hedge Fund Threatens Trade Tribunal to Sue Peru for Old Military Debt
Washington DC - A US hedge fund is threatening to sue Peru for $5.1 billion over decades-old military debts it bought. The fund, Gramercy, argues the Peruvian government's current repayment plan is inadequate and that it will sue Peru through a tribunal system embedded in a 2009 US-Peru trade agreement... Continue reading
Posted Apr 29, 2020 at My Blog
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