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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

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Lockdown Skeptics

The Daily Sceptic

offsite link Kemi?s Pledge to Repeal the Climate Change Act Must Be Just the Start Fri Oct 03, 2025 09:00 | Ben Pile
Kemi Badenoch's pledge to repeal the Climate Change Act ? which commits the UK to Net Zero ? must be just the start of the dismantling of the Westminster Uniparty consensus on climate catastrophism, says Ben Pile.
The post Kemi’s Pledge to Repeal the Climate Change Act Must Be Just the Start appeared first on The Daily Sceptic.

offsite link The Sceptic | Episode 53: Starmer?s Bizarre Bid to Brand Reform Racist, the Real Danger Posed by Lab... Fri Oct 03, 2025 07:00 | Richard Eldred
In Episode 53 of the Sceptic: Tom Jones on Keir Starmer's bizarre bid to brand Reform racist, Andrew Orlowski on the real danger posed by Labour's digital ID and Kathryn Porter on the colossal cost of Net Zero.
The post The Sceptic | Episode 53: Starmer?s Bizarre Bid to Brand Reform Racist, the Real Danger Posed by Labour?s Digital ID and the True Cost of Net Zero appeared first on The Daily Sceptic.

offsite link News Round-Up Fri Oct 03, 2025 01:58 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link The WHO Pandemic Accords Consolidate the Power of the Covid Clerisy on a Global Scale Thu Oct 02, 2025 19:07 | Ramesh Thakur
The WHO Pandemic Accords, the first part of which came into effect last month, consolidate the power of the Covid clerisy on a global scale, warns Professor Ramesh Thakur. Expect more of the same.
The post The WHO Pandemic Accords Consolidate the Power of the Covid Clerisy on a Global Scale appeared first on The Daily Sceptic.

offsite link Teaching Assistant Sacked for ?Manhandling? Pupil to Stop Him Running into Road Thu Oct 02, 2025 17:27 | Will Jones
A teaching assistant was fired after grabbing a special needs pupil to stop him from running out of school and into a busy road.
The post Teaching Assistant Sacked for “Manhandling” Pupil to Stop Him Running into Road appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Amidst Covid-19 Spread, IMF and World Bank Signal Debt Relief for Poor Countries

category international | economics and finance | press release author Tuesday March 24, 2020 15:03author by Kate Zeller - Jubilee USA Network Report this post to the editors

Developing Countries Demand Debt Payments Stop

On Monday the heads of the IMF and World Bank stated support for debt relief for very poor countries as the coronavirus spreads. African Finance Ministers called for suspension of debt payments to free up $44 billion to fight Covid-19. Ecuador's Congress also demanded its government stop paying debt.

Washington, DC - On Monday the heads of the IMF and World Bank stated support for debt relief for very poor countries as the coronavirus spreads. African Finance Ministers called for suspension of debt payments to free up $44 billion to fight Covid-19. Ecuador's Congress also demanded its government stop paying debt.

"Countries need to prioritize fighting Covid-19 and billions can be freed up right away by halting debt payments," stated Eric LeCompte who leads the development group Jubilee USA and serves on United Nations debt expert groups. "Both among lenders and borrowers, we see growing calls to stop paying debt to save lives during the pandemic."

At G20 Finance Minister and Central Bank meetings on Monday, World Bank President David Malpass encouraged world leaders to allow very poor countries to stop paying debt. At the same meeting, the IMF's leader, Kristalina Georgieva noted the replenishing of funds in an IMF debt relief and aid mechanism that was used during the 2014 Ebola epidemic that struck 3 African countries.

"The IMF and World Bank calls for debt relief are critical in order to immediately strengthen health systems in the developing world," stated LeCompte. "In order to support all countries who need help and stop a global financial crisis we will need to broaden debt relief efforts, raise aid monies and move forward agreements that can stabilize the economy."

The leaders of LeCompte's organization, Jubilee USA, sent a letter to the head of the International Monetary Fund on Monday to take action to stop negative economic impacts of the Covid-19 virus.

The letter urges expanded debt relief and aid to bolster health-care for developing countries impacted by the coronavirus. Additional letter recommendations include debt payment moratoriums, improved debt restructuring, encouraging public budget approval processes for countries and raising revenue by curbing corruption, tax evasion and tax avoidance.

Related Link: http://www.jubileeusa.org
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