Publishing Guide

Upcoming Events

International | Economics and Finance

no events match your query!

New Events

no events posted in last week

Other Press

Economics and Finance

China’s CITY WIDE CASH SEIZURES Begin — ATMs Frozen, Digital Yuan FORCED Overnight 21:40 Jul 30 0 comments

The Coming European Economic Apocalypse 21:13 Dec 01 1 comments

Ryanair CEO Michael O'Leary ridicules Government restrictions and calls for 'unnecessary' lockdown t... 01:55 May 31 0 comments

Anti Environmental CETA Trade Agreement ratification approved despite protests 20:58 May 08 0 comments

Runaway Train Towards Full Digitization of Money and Labor 14:18 Jan 01 2 comments

more >>

User Preferences

Feeds

Blog Feeds

Public Inquiry

Interested in maladministration. Estd. 2005

RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

Joe Duffy is dishonest and untrustworthy Anthony

Robert Watt complaint: Time for decision by SIPO Anthony

RTE in breach of its own editorial principles Anthony

Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland

Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

Top Scientists Confirm Covid Shots Cause Heart Attacks in Children Sun Oct 05, 2025 20:31 | imc

Fraud and mismanagement at University College Cork Thu Aug 28, 2025 18:30 | Calli Morganite

Deliberate Design Flaw In ChatGPT-5 Sun Aug 17, 2025 08:04 | Mind Agent

AI Reach: Gemini Reasoning Question of God Sat Aug 02, 2025 20:00 | Mind Agent

Israeli Human Rights Group B'Tselem finally Admits It is Genocide releasing Our Genocide report Fri Aug 01, 2025 23:54 | 1 of indy

Human Rights in Ireland >>

Lockdown Skeptics

Windless Week Leaves Britain Totally Dependent on Imported Electricity Tue Oct 21, 2025 07:00 | Paul Homewood
A windless week exposes that the UK is now totally dependent on importing electricity at times of stress. This is hardly the 'energy security' that Ed Miliband continually warbles on about, says Paul Homewood.
The post Windless Week Leaves Britain Totally Dependent on Imported Electricity appeared first on The Daily Sceptic.

News Round-Up Tue Oct 21, 2025 01:23 | 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.

Samuel Williams vs Lucy Connolly Mon Oct 20, 2025 19:00 | Nick Rendell
Will Samuel Williams be charged after calling for 'Zionists' to be killed? It depends whether the law deems 'Zionists' to be a racial group, says Nick Rendell ? as it did with 'migrants' in the Lucy Connolly case.
The post Samuel Williams vs Lucy Connolly appeared first on The Daily Sceptic.

Graham Linehan ?Will Face no Further Action? Over Trans Tweets That Saw Him Arrested by Armed Police... Mon Oct 20, 2025 17:33 | Will Jones
Father Ted creator?Graham Linehan?says he faces no further action over trans tweets that saw him arrested by armed officers at Heathrow airport ? but pledges to hold the police "accountable" for trying to silence him.
The post Graham Linehan “Will Face no Further Action” Over Trans Tweets That Saw Him Arrested by Armed Police at Heathrow Airport appeared first on The Daily Sceptic.

Sadiq Khan Grooming Gang ?Cover-Up? Exposed Mon Oct 20, 2025 15:33 | Will Jones
Sadiq Khan has been accused of covering up evidence of grooming gangs in London ? publicly denying there were any while reading behind closed doors reports of young girls being raped in hotels by groups of men.
The post Sadiq Khan Grooming Gang ‘Cover-Up’ Exposed appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network

Voltaire, international edition

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

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

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

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

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

Voltaire Network >>

World Bank Says Bold Debt Relief Plans Needed to Confront COVID Crisis

international | economics and finance | press release

Wednesday August 19, 2020 14:53

by Zachary Conti, zach@jubileeusa.org - Jubilee USA

Report this post to the editors

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 the critical needs of their people while paying debts," noted Eric LeCompte the Executive Director of the religious development group, Jubilee USA and a United Nations debt expert. "Many countries are experiencing both dramatic losses in revenue and rising costs to address the impacts of this crisis."

Malpass asserted that new World Bank data would illustrate that 100 million people were pushed into poverty by the crisis. He explained the crisis was worse than the crisis of 2008 and that more bold policies were needed from the G7 and G20. The G20 offered debt payment suspension policies for the 73 poorest countries in April that could save poor countries $12 billion in 2020.

"The only way for many developing countries to get on the otherside of this crisis is to cancel debts," stated LeCompte who monitors World Bank policies. "The private sector needs to participate in debt relief plans and shouldn't expect taxpayers of developed countries to bail them out."

Malpass shared concerns of private sector actors and China's development bank refusing to participate in current debt relief plans. He argued that these groups could get a "free ride" and take the debt relief and aid being offered by the United States and other advanced economies.

Jubilee USA Network is an alliance of more than 75 US organizations and 750 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people.

www.jubileeusa.org

Add Your Comments >>

printable version

with comments

atom feed of comments

rss feed of comments

RSS and atom feeds allow you to keep track of new comments on particular stories. You can input the URL's from these links into a rss reader and you will be informed whenever somebody posts a new comment.

Digg this

Furl

Reddit

Gab

Twitter

© 2001-2025 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