Blog Feeds

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 >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Public Services Card: Some still forced to comply

offsite link Catholic Church: Dark influence still active Anthony

offsite link Tom Parlon launches new career in comedy Anthony

offsite link Presumption of innocence does not universally apply in Ireland Anthony

offsite link The poor standard of Irish political journalism Anthony

Public Inquiry >>

NAMA Wine Lake

offsite link Test ? 12 November 2018 Mon Nov 12, 2018 14:28 | namawinelake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

NAMA Wine Lake >>

Hurricane Maria Slams Dominica and Heads Towards Puerto Rico

category international | economics and finance | press release author Tuesday September 19, 2017 18:22author by Abby Wilhelm - Jubilee USA Report this post to the editors

At United Nations General Assembly Jubilee USA Calls for Debt Relief to Aid Islands

Caribbean islands recovering from Hurricane Irma, now confront Hurricane Maria.

Caribbean islands recovering from Hurricane Irma, now confront Hurricane Maria. According to initial reports, Hurricane Maria leveled parts of the island of Dominica. As of Tuesday morning, the Category 5 storm heads towards Puerto Rico and the US Virgin Islands. At a high-level event at the United Nations General Assembly, Jubilee USA's Executive Director Eric LeCompte called for a debt payment delay for hurricane-struck islands.

"A quick way to get rebuilding aid for islands affected by hurricanes is to temporarily stop debt payments," said LeCompte, Jubilee USA's Executive Director who serves on United Nation expert groups that focus on debt. "If the International Monetary Fund delays debt payments, it would immediately free up millions of dollars for islands trying to recover."

Last week, the Catholic Bishop of Dominica sent a letter to the International Monetary Fund (IMF) asking for debt relief for islands recovering from disasters. As president of a conference of Caribbean Catholic Bishops, Gabriel Malzaire had called for relief for other Caribbean islands, like Antigua and Barbuda that were hit hard by Hurricane Irma. The Bishop's letter is now relevant for Dominica as it seeks funds to recover.

"Islands like Dominica and Antigua and Barbuda need immediate financing," continued LeCompte. "In addition to delaying debt payments, islands need aid in the form of grants instead of loans."

As the UN General Assembly debate begins, Eric LeCompte spoke at a high-level side event on financing development. LeCompte spoke about improving global debt, tax, trade and transparency policies to address poverty. The event was organized by the government of France and the International Leading Group on Social and Solidarity Economy.

© 2001-2019 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