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The Saker
A bird's eye view of the vineyard

offsite link Saker message to the community: we need your help. Fri Sep 17, 2021 17:26 | The Saker
Dear friends I wish we lived in a perfect world, populated by perfect people, and nobody would ever have to worry about or, even less so, ask for financial help

offsite link (Neo)Liberalism and its Discontents Fri Sep 17, 2021 16:24 | amarynth
by Francis Lee for the Saker Blog FROM CLASSICAL LIBERALISM TO NEO-LIBERALISM The contemporary neo-liberal coalition consisting politically of a centre-left, centre, and centre-right ? what we might call the

offsite link Iran?s Raisi gave Resistance ?presidential? treatment at swear-in: Hezbollah?s No. 2 Fri Sep 17, 2021 15:06 | amarynth
Original link: http://middleeastobse... Description: In an interview with Lebanese media in last month, Hezbollah?s Deputy-Secretary General Sheikh Naim Qassem explained why the swearing-in ceremony of Iran?s new president Ibrahim Raisi was

offsite link Moveable Feast Cafe 2021/09/16 ? Open Thread Fri Sep 17, 2021 00:00 | herb
2021/09/16 23:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link SITREP: political prisoners in the UK Thu Sep 16, 2021 17:48 | The Saker
Dear friends, today I am posting an email (with permission) describing the situation of another political prisoner in the UK, not Assange and not the, apparently held incommunicado, Skripal father

The Saker >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Minister Catherine Martin: Not fit to serve

offsite link Establishment media and delusional analysis Anthony

offsite link Youth power – Don’t ask – Take Anthony

offsite link When the establishment betrays the people?s trust Anthony

offsite link The day Eoghan Harris went bad Anthony

Public Inquiry >>

Voltaire Network
Voltaire, international edition

offsite link Emirates tasked Mossad with World Expo security Thu Sep 16, 2021 07:20 | en

offsite link Israel admits merits of US diplomacy vis-à-vis Iran Wed Sep 15, 2021 19:30 | en

offsite link Atomic Iran and Al Qaeda are America's New Enemies Wed Sep 15, 2021 15:43 | en

offsite link Clinton, Bush and Obama welcome Afghan refugees Wed Sep 15, 2021 15:07 | en

offsite link Biden, Morrison & Johnson Announcing the Creation of AUKUS, by Boris Johnson, Jo... Wed Sep 15, 2021 11:33 | en

Voltaire Network >>

IMF Executive Board Approves Creation of $650 Billion Global Reserve Funds

category international | politics / elections | press release author Friday July 09, 2021 15:00author by Olivia Engling - Jubilee USA Report this post to the editors

The International Monetary Fund Executive Board agreed to create $650 billion of emergency currency known as Special Drawing Rights (SDRs) to help countries deal with the fallout from the coronavirus health and economic crises. The IMF’s main governing body, the Board of Governors, will take a final vote in coming weeks to move forward the SDRs creation. In a statement, IMF Managing Director Kristalina Georgieva indicated she expects the allocation as soon as August.

Critical COVID Aid Could Reach Developing Countries in August
The International Monetary Fund Executive Board agreed to create $650 billion of emergency currency known as Special Drawing Rights (SDRs) to help countries deal with the fallout from the coronavirus health and economic crises. The IMF’s main governing body, the Board of Governors, will take a final vote in coming weeks to move forward the SDRs creation. In a statement, IMF Managing Director Kristalina Georgieva indicated she expects the allocation as soon as August.
“This is the biggest creation of emergency reserve funds that we've ever seen and developing countries will immediately receive more than $200 billion,“ said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network, that worked on the creation of the emergency currency since March of 2020.
In June, G7 leaders called for a global effort to mobilize $100 billion of SDRs for vaccines, protecting the environment and poverty reduction.
“Wealthy countries who receive emergency reserves they don't need should transfer those resources to developing countries struggling through the pandemic,” added LeCompte.
In February, Jubilee USA Network and the US Conference of Catholic Bishops sent a letter to Treasury Secretary Yellen and President Biden expressing support for a new $3 trillion SDR allocation. In March, Jubilee USA Network organized a roundtable with high-ranking religious leaders and Yellen that focused on SDRs. Jubilee USA Network also coordinated organizational letters targeting G20 leaders, the White House and the IMF, that gathered more than 200 signatures in support of SDRs.
Read IMF Managing Director Kristalina Georgieva's statement on SDR allocation here.
Read Jubilee USA's G20 COVID Response letter with over 265 signatories here.
Read Jubilee USA's statement on the G7 Summit and communiqué here.
Read Jubilee USA and US Conference of Catholic Bishops joint letter to the White House here.
View the agenda and read about the Jubilee USA Treasury High-Level Religious Leader Roundtable here.

Related Link: https://www.jubileeusa.org/imf_executive_board_approves_650_billion_global_reserve_funds
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