New Events

International

no events posted in last week

Blog Feeds

The Saker
A bird's eye view of the vineyard

offsite link Azerbaijani Forces Rush To Capture Lachin Cororidor From Retreating Armenians Fri Oct 23, 2020 21:52 | amarynth
South Front The Armenian defense in the southern part of the Nagorno-Karabakh region seems to be collapsing as the advancing Azerbaijani forces are about to reach the strategic Lachin corridor.

offsite link Make America Jeffersonian Again Fri Oct 23, 2020 17:51 | amarynth
by Pepe Escobar with permission and first posted at Asia Times The whole planet has every reason to be terminally puzzled at how all those lofty Enlightenment ideals Thomas Jefferson

offsite link Weekly China Newsbrief and Sitrep Fri Oct 23, 2020 16:48 | amarynth
By Godfree Roberts – selected from his extensive weekly newsletter : Here Comes China The Huawei complete Google alternative is being built out – You will hear about Petal again

offsite link Russian President Putin Delivers Speech at Valdai Discussion Club -2020 Thu Oct 22, 2020 17:31 | amarynth
A transcript will be posted as soon as it is available.

offsite link Reforming the EU ? Like waiting for Godot! Thu Oct 22, 2020 12:26 | amarynth
By Francis Lee for the Saker Blog There is a human tendency to cling on to cherished beliefs even in the face of overwhelming evidence to the contrary. There was

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link A Woulfe in judges clothing

offsite link Sarah McInerney and political impartiality Anthony

offsite link Did RTE journalists collude against Sinn Fein? Anthony

offsite link Irish Examiner bias Anthony

offsite link RTE: Propaganda ambush of Sinn Fein Anthony

Public Inquiry >>

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

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

Spirit of Contradiction >>

Major Religious Institutions Urge President, IMF and G20 to Cancel Debts and Use Reserves to Protect Poor

category international | economics and finance | news report author Tuesday April 14, 2020 23:42author by Kate Zeller - Jubilee USA Network Report this post to the editors

Many of the largest religious institutions are calling for financial crisis protections, debt relief and additional resources to protect the world's poor in what the IMF calls the greatest financial crisis since the Great Depression.

Many of the largest religious institutions are calling for financial crisis protections, debt relief and additional resources to protect the world's poor in what the IMF calls the greatest financial crisis since the Great Depression. The 80 groups joined a letter organized by Jubilee USA Network to confront the coronavirus crisis and it was delivered to the White House, G20 and IMF on Tuesday.

Signers include: The Episcopal Church, Evangelical Lutheran Church in America, National Council of Churches, Presbyterian Church (USA), Unitarian Universalist Association, United Church of Christ, United Methodist Church, Jubilee USA Network, American Friends Service Committee, Church World Service, Buddhist Association of the United States and the Religious Action Center of Reform Judaism. The largest labor union in the United States, the AFL-CIO joined the Jubilee USA letter.

The signers join calls from Pope Francis, the US Catholic Bishops and 165 world leaders encouraging additional resources, aid and debt relief to ensure all countries can withstand the crisis.

"Religious institutions and their partners are making a moral call for all people on the planet to be able to have enough resources to weather the health and economic impacts of the coronavirus. There is already momentum behind debt relief and emergency financing," stated Jubilee USA Executive Director Eric LeCompte. LeCompte is a United Nations finance expert and has monitored IMF meetings since 2008. "We are urgently calling on the G20 and IMF to access global reserve funds so that both developed and developing countries can get through the greatest financial crisis of our time. We need to use the special drawing rights or SDRs like we did after the 2008 crisis."

"Special drawing rights," debt relief and additional emergency financing are the issues that the G7, G20, IMF and World Bank are focusing on during virtual spring meetings this week. On Tuesday, the IMF released a report dubbing the "Great Lockdown" as the greatest financial crisis since the Great Depression.

The US Treasury released a statement Tuesday after a virtual meeting with G7 leaders expressing support for the world's 76 poorest countries to stop debt payments to provide health services in the developing world.

On Monday, the IMF announced it would cancel 6 months of debt payments for 25 poor countries in an effort to boost their health systems and economies.

"Urgent and bold actions are needed now if we are to survive the greatest health and economic crisis of our lifetimes," said LeCompte.

© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy