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

Anti-Empire

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

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

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

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

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

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.

Trump hosts former head of Syrian Al-Qaeda Al-Jolani to the White House Tue Nov 11, 2025 22:01 | imc

Rip The Chicken Tree - 1800s - 2025 Tue Nov 04, 2025 03:40 | Mark

Study of 1.7 Million Children: Heart Damage Only Found in Covid-Vaxxed Kids Sat Nov 01, 2025 00:44 | imc

The Golden Haro Fri Oct 31, 2025 12:39 | Paul Ryan

Top Scientists Confirm Covid Shots Cause Heart Attacks in Children Sun Oct 05, 2025 21:31 | imc

Human Rights in Ireland >>

Lockdown Skeptics

News Round-Up Wed Nov 12, 2025 01:19 | 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.

Reform?s ?Racist Rhetoric? is Tearing Britain Apart, Says Starmer Tue Nov 11, 2025 19:51 | Will Jones
Reform UK?s "racist rhetoric" is tearing Britain apart and such talk should have been "dealt with" decades ago, Sir Keir Starmer has said.
The post Reform’s “Racist Rhetoric” is Tearing Britain Apart, Says Starmer appeared first on The Daily Sceptic.

Ed Miliband to Make Two 12,000-Mile Trips to COP30 in Two Weeks Tue Nov 11, 2025 17:28 | Will Jones
Ed Miliband is set to make the same 12,000-mile round trip twice in two weeks to attend COP30 ? a climate conference to discuss reducing global CO2 emissions ? at a cost to the taxpayer of ?22,000.
The post Ed Miliband to Make Two 12,000-Mile Trips to COP30 in Two Weeks appeared first on The Daily Sceptic.

Labour?s New School Curriculum: Where Education Goes to DEI Tue Nov 11, 2025 15:03 | Dr Nicholas Tate
Labour's new National Curriculum is dripping with DEI and Left-wing dogma. Teaching Britain's national story is out, pushing more multiculturalism is in. It's the last thing Britain needs right now, says Dr Nicholas Tate.
The post Labour’s New School Curriculum: Where Education Goes to DEI appeared first on The Daily Sceptic.

Asylum Seekers Can Continue Being Housed in Bell Hotel, Judge Rules ? As He Denies High Crime Rate A... Tue Nov 11, 2025 13:19 | Will Jones
The Bell Hotel in Epping can continue to house asylum seekers, a judge ruled today, as he said the change of use from a hotel was "not flagrant" and denied there is evidence of a high crime rate among asylum seekers.
The post Asylum Seekers Can Continue Being Housed in Bell Hotel, Judge Rules ? As He Denies High Crime Rate Among Asylum Seekers 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