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Spirit of Contradiction

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

offsite link Fake News: The Epistemology of Media Wed Jun 07, 2017 11:52 | Gavin Mendel-Gleason

offsite link Officials and Provisionals Sat Apr 01, 2017 22:54 | James O'Brien

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Denis O’Brien: Are the sharks closing in?

offsite link Kathy Sheridan: Afraid to speak truth to power? Anthony

offsite link Una Mullally: The youth of Ireland are on the march Anthony

offsite link Gombeen democracy v real democracy Anthony

offsite link RTE news bias – Destroying credibility Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link Hassan Nasrallah: ISIS is over, Israel on its own against Iran, Syria & Hezbollah Tue Oct 16, 2018 17:01 | The Saker
Speech by Hezbollah Secretary General Sayed Hassan Nasrallah on September 19, 2018, on the tenth night of the Islamic month of Muharram, commemorating the martyrdom of Imam Hussein. Translation: unz.com/sayedhasan

offsite link October 16, 2018: Idlib Demilitarization Zone Agreement Reaches Its First Deadline Tue Oct 16, 2018 16:45 | Scott
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offsite link Is Britain getting ready to fight against Russia in Libya? by Ruslan Ostashko Tue Oct 16, 2018 04:55 | Scott
Translated and subtitled by Eugenia.    

offsite link Welcome to the G-20 from Hell Mon Oct 15, 2018 18:54 | The Saker
World leaders wrestle with a maelstrom of complex, burning issues as they prepare for November 30 summit by Pepe Escobar (cross-posted with the Asia Times by special agreement with the

offsite link The Khashoggi Extortion Fiasco: Mon Oct 15, 2018 08:00 | The Saker
by Ghassan and Itbah Kadi for The Saker Blog A mystifying diplomatic escalation ensued following the disappearance of Saudi Washington Post columnist, Jamal Khashoggi, after visiting the Saudi Consulate in

The Saker >>

World Bank Announces Package of Aid and Loans to Ebola-Affected Countries

category international | economics and finance | news report author Friday April 17, 2015 15:22author by Sophia Har - Jubilee USA Network Report this post to the editors

The World Bank announces $650 million in new concessional loans and grants for Sierra Leone, Guinea, and Liberia at the start of the Spring IMF and World Bank meetings.

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 be aid in the form of grants and the remainder will be in the form of highly concessional loans. Currently the three countries owe a combined $518 million to the World Bank. Liberia owes $105 million, Guinea $186 million and Sierra Leone $227 million.

“We urge the World Bank Group to consider bolstering their commitments with a new debt relief package for the impacted countries,” said Eric LeCompte, executive director of the religious development coalition, Jubilee USA Network. “We applaud the new aid for the affected countries and hope that the World Bank can come up with some rapid response plan to address this kind of crisis much faster in the future.”

The new financing is through the World Bank's International Development Association (IDA). The IDA determines its lending terms based on the borrowing country's risk of "debt distress." The new IDA financing will be distributed as approximately 50% grants to Sierra Leone and Guinea and 100% as loans to Liberia. The loans will be repaid over 25 to 38 years. In February, the IMF announced $100 million in debt relief for the three West African countries and called on governments to contribute $70 million more. The IMF also set up a new debt relief fund for poor countries struck by natural disasters or health crises.

"As a development institution, we need the World Bank to respond faster," said LeCompte, who serves on United Nations expert groups on debt. "It's ironic that the innovation for dealing with this crisis and future crises is coming from the IMF, whose mission is not development. World Bank innovation would look like a permanent facility to solely administer grants when the poorest countries face crisis."

Jubilee USA Network is an alliance of more than 75 US organizations and 400 faith communities working with 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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