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Human Rights in Ireland
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Lockdown Skeptics

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offsite link Cost of Switching Off U.K. Wind Farms on Windy Days Hits ?Absurd? ?1 Billion Mon Dec 02, 2024 20:00 | Will Jones
British energy bill payers have spent an "absurd" ?1 billion to?temporarily switch off wind turbines?so far this year because the grid struggles to cope with their power on windy days.
The post Cost of Switching Off U.K. Wind Farms on Windy Days Hits “Absurd” ?1 Billion appeared first on The Daily Sceptic.

offsite link David Starkey is Right That Blair Destroyed the British Constitution But Wrong About This Mon Dec 02, 2024 18:03 | James Alexander
David Starkey is right that Tony Blair and New Labour destroyed the British Constitution and did lasting harm to the country, says Prof James Alexander. But here are some things he gets wrong.
The post David Starkey is Right That Blair Destroyed the British Constitution But Wrong About This appeared first on The Daily Sceptic.

offsite link Jaguar?s ?Barbie Pink? Electric Car Leaked Online Mon Dec 02, 2024 15:45 | Will Jones
Jaguar's controversial new concept electric car has been leaked online ? showing the vehicle in hot pink in a design likened to FAB1 from Thunderbirds and the Barbie car.
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offsite link Trump Asks if Biden Will Now Pardon the ?January 6th Hostages? After He Pardons Son Hunter Mon Dec 02, 2024 13:41 | Will Jones
Donald Trump has said Joe Biden should now pardon those imprisoned for the January 6th Capitol riots after he pardoned his son Hunter, claiming the conviction was "politically motivated".
The post Trump Asks if Biden Will Now Pardon the “January 6th Hostages” After He Pardons Son Hunter appeared first on The Daily Sceptic.

offsite link Net Zero is Now Costing Serious Jobs and Threatening Entire Regional Economies Mon Dec 02, 2024 11:24 | Will Jones
Britain's Net Zero policies, such as the fast-approaching ban on non-electric cars, are a fiasco, now costing serious jobs and threatening entire regional economies, says Liam Halligan.
The post Net Zero is Now Costing Serious Jobs and Threatening Entire Regional Economies appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

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offsite link Voltaire, International Newsletter N?109 Fri Nov 22, 2024 14:00 | en

offsite link Joe Biden and Keir Starmer authorize NATO to guide ATACMS and Storm Shadows mis... Fri Nov 22, 2024 13:41 | en

Voltaire Network >>

Finance Ministers and United Nations Discuss COVID Crisis Solutions

category international | economics and finance | press release author Tuesday September 08, 2020 20:19author by Zachary Conti - Jubilee USA Network Report this post to the editors

IMF Announces Access to Global "SDRs" Reserve

The majority of developing countries face deepening crises, IMF head Kristalina Georgieva told a global meeting of Finance Ministers. Georgieva spoke during, "Financing the 2030 Agenda for Sustainable Development in the Era of COVID-19 and Beyond." The coronavirus crisis meeting was convened by the UN Secretary General and Finance Ministers of Canada and Jamaica.

"The economic and health impacts for poor people around the world are worsening," stated Jubilee USA Executive Director Eric LeCompte. LeCompte participated in the multi-month COVID-19 response process that created options for Finance Ministers to confront the crisis. "Unless we move forward additional aid and relief, too many countries could wrestle with lost decades of development."

Mahmoud Mohieldin, the UN Secretary General's Special Envoy on Financing the 2030 Agenda, explained during the meeting that while some advanced economies spend the equivalent of 10% of their economic output on pandemic response programs, poor countries cannot even reach 1% of spending.

Georgieva announced the deployment of global reserve funds or Special Drawing Rights. Roughly, $176 billion of these monies are currently held by wealthy countries and could be donated to poor countries.

“We welcome the IMF announcement to disburse billions of dollars of Special Drawing Rights to confront this crisis. As we count the impacts of this crisis in the trillions, G20 Finance Ministers should agree to issue trillions more in global reserve funds," said LeCompte.

The World Bank and several Finance Ministers joined the IMF in a call to extend a 2020 coronavirus debt relief initiative into 2021 to support the 73 poorest countries. World leaders also argued that private banks and creditors should stop collecting poor country debts.

"The bare minimum that world leaders must do now is extend debt payment suspensions for poor countries into next year," noted LeCompte. "Further actions are also critical to protect vulnerable communities and to help all of us emerge with resilience from this crisis. The private sector must be compelled to offer debt relief, more developing countries need aid and some countries need to see their debts permanently reduced."

Several high-level participants urged the need to address revenue losses of countries because of tax evasion, corruption and other illicit financial flows.

Heads of State meet during the UN General Assembly on September 29th to consider the crisis proposals discussed at the Finance Ministers meeting. In October and November, the G20, IMF and World Bank hold additional decision-making meetings.

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