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
The Spectre Haunting Europe 23:21 Dec 04 0 comments
Macron prepares enabling act to slash contracts, labor rights in France 22:52 May 23 0 commentsmore >>
A bird's eye view of the vineyard
Big, huge changes, in the near future (a tentative list) Sun Sep 26, 2021 22:49 | The Saker
Who Really Runs the Middle East? Sat Sep 25, 2021 22:36 | amarynth
Russian Federation ? Minister of Foreign Affairs Addresses United Nations General Debate Sat Sep 25, 2021 22:25 | amarynth
Eurasian consolidation ends the US unipolar moment ? Part 2 of 2 Fri Sep 24, 2021 18:32 | amarynth
Political Declaration adopted during the first ministerial meeting of the Group of Friends in Defens... Fri Sep 24, 2021 17:49 | amarynth
Interested in maladministration. Estd. 2005
Youth power – Don’t ask – Take Anthony
Voltaire, international edition
Photographers can fool the best experts Sat Sep 25, 2021 06:14 | en
Joe Biden might call off war against North Korea Fri Sep 24, 2021 20:36 | en
General boycott of Covid-19 Global Summit Fri Sep 24, 2021 20:11 | en
Ahmad Massoud has fled Afghanistan Fri Sep 24, 2021 08:00 | en
Another stab at the "two-state solution" Fri Sep 24, 2021 07:46 | en
UN, Presidents and Prime Ministers Discuss Coronavirus Financial Crisis Solutions
international | economics and finance | press release Tuesday September 29, 2020 19:59 by Zach Conti - Jubilee USA
Presidents, prime ministers and world leaders focused on solutions for the global economic crisis spurred by the coronavirus at a virtual United Nations meeting.
Presidents, prime ministers and world leaders focused on solutions for the global economic crisis spurred by the coronavirus at a virtual United Nations meeting. "Financing the 2030 Agenda for Sustainable Development in the Era of COVID-19 and Beyond," is the largest heads of state meeting organized to confront the financial crisis created by the pandemic.
"Six months into the pandemic and hundreds of millions of people are experiencing hunger, losing their jobs and being thrown into the ranks of poverty," said Eric LeCompte, Executive Director of the religious development group Jubilee USA. LeCompte was part of the multi-month process that developed the options considered by world leaders at the special UN meeting. "Poor and vulnerable people bear the brunt of this economic crisis."
The UN estimates 265 million people now face famine and 100 million people will enter extreme poverty due to the pandemic. Since the beginning of the coronavirus crisis, 500 million jobs were lost according to the International Labor Organization.
Developing countries spent less than 3% of the $11 trillion spent on COVID stimulus packages and economic aid. Nearly 90% of these stimulus monies were spent in wealthy countries.
"World leaders are considering options to bolster crisis response aid for developing countries," stated LeCompte. "Debt relief, curbing tax evasion and accessing global reserve funds are some of the options on the table."
The heads of state meeting was convened by United Nations Secretary-General António Guterres, the Prime Minister of Canada, Justin Trudeau and Andrew Holmes, the Prime Minister of Jamaica.
In October the G20, IMF and World Bank could implement some of the solutions discussed at the UN meeting.
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