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offsite link Selfless Democrats Go to Fancy Restauran... Fri Dec 04, 2020 09:30 | The Babylon Bee

offsite link UK Government Voids Quarantine Requireme... Fri Dec 04, 2020 08:30 | Marko Marjanović

offsite link Only Belgians Who Own a Yard Allowed Gue... Fri Dec 04, 2020 07:30 | Antonia Noori Farzan

offsite link That Time the 2018 Flu Killed 20,000 Peo... Fri Dec 04, 2020 06:12 | Stephen Matthews

offsite link We Know the COVID-19 Vaccine Is Safe Bec... Fri Dec 04, 2020 00:28 | Marko Marjanović

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Second Karabakh-War Reshapes Transport Corridors In South Caucasus Fri Dec 04, 2020 13:25 | amarynth
South Front The Second Nagorno-Karabakh War not only led to a shift of the military political balance of power in the South Caucasus, but the agreements reached to put an

offsite link 80% of US partisan losers think the last 2 elections were stolen Fri Dec 04, 2020 10:29 | amarynth
by Ramin Mazaheri and crossposted with PressTV That?s a shocking headline, but true: Many are aware that 90% of Republicans currently agree that Joe Biden “did not legitimately win the

offsite link MH17 and the Southern Cauldron Thu Dec 03, 2020 22:23 | amarynth
Sam Bullard for the Saker Blog Executive Summary There are MH17 dots that should be connected but aren’t, possibly because the right questions haven’t been asked. This article examines existing

offsite link No Escape From Our Techno-Feudal World Thu Dec 03, 2020 17:30 | amarynth
By Pepe Escobar with permission and first posted at Asia Times The political economy of the Digital Age remains virtually terra incognita. In Techno-Feudalism , published three months ago in

offsite link Trump Administration Fights Iran In Middle East As Qods Force Expands In U.S. Backyard Thu Dec 03, 2020 17:02 | amarynth
South Front The United States and Israel are preparing for even more military action against Iran following the assassination of prominent nuclear scientist, Mohsen Fakhrizadeh, in the countryside of Tehran

The Saker >>

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 >>

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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