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offsite link Armenians Are Losing the War in Karabakh... Fri Oct 23, 2020 23:36 | Zoran Vukosavljević

offsite link Scott Atlas: I’m Disgusted and Dismaye... Fri Oct 23, 2020 16:25 | Freddie Sayers

offsite link US Is Secretly Providing Air Support for... Fri Oct 23, 2020 13:17 | Wesley Morgan

offsite link Trump: We Cannot Just Lock Ourselves in ... Fri Oct 23, 2020 07:33 | Charlie Spiering

offsite link Turkey Says It Will Send Troops to Help ... Fri Oct 23, 2020 06:03 | Reuters

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The Saker
A bird's eye view of the vineyard

offsite link ?Democracy? vs. Covid ? A No-Go Sat Oct 24, 2020 01:10 | amarynth
by Peter Koenig for the Saker Blog Brussels (EU and European NATO Headquarters) ? On 21 October 2020, the German Press Agency (dpa) reports that Germany pledges NATO soldiers for

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.

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 >>

G20 Suspends Debt Payments for Poor Countries As the Coronavirus Spreads

category international | economics and finance | news report author Thursday April 16, 2020 00:46author by Kate Zeller - Jubilee USA Network Report this post to the editors

IMF Head Urges World Leaders to Save Lives and Livelihoods

The G20 announced a suspension of debt payments and interest for the world's 76 poorest countries in order to bolster health services to confront the coronavirus.

The G20 announced a suspension of debt payments and interest for the world's 76 poorest countries in order to bolster health services to confront the coronavirus. IMF head, Kristalina Georgieva and World Bank President, David Malpass spoke to the G20 Finance Ministers and Governors urging all types of debt holders, including banks, to offer debt relief for poor countries.

"The most innovative piece of the G20 commitment to suspend debt payments for the poorest countries, is to create a process that involves private creditors, banks and other commercial creditors to also offer debt relief," said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. "While we see progress, we still need to answer a lot of questions. What about other developing countries and emerging markets who need relief? How will a process move forward to cut debt when debt is unsustainable for countries?"

Kristalina Georgieva, the IMF's Managing Director at a press conference, urged that every resource possible be deployed to protect lives and livelihoods as the world struggles with the health and economic impacts of the COVID-19 pandemic.

"Georgieva's speech hits the right notes. All of us need to do everything we can and deploy every resource to save lives and protect jobs in the face of the coronavirus," noted LeCompte who monitors IMF reports and serves on United Nations debt expert groups. "A critical action that the world must take is to access financial reserves so all countries can survive this crisis. The leaders of the IMF must approve access to these reserves, or what's also known as the special drawing rights or SDRs."

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