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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link Profits of Doom Tue Apr 23, 2024 09:00 | Ben Pile
There is, sadly, no Big Oil money sloshing around to handsomely remunerate climate sceptical journalism. But on the other side, the green prophets of doom are doing very well out of the whole thing, says Ben Pile.
The post Profits of Doom appeared first on The Daily Sceptic.

offsite link Happy St. George Floyd?s Day Tue Apr 23, 2024 07:00 | Steven Tucker
Is it time for St. George to stand aside for St. George Floyd? Or is there another makeover of England's patron saint that would make him acceptable to the professionally offended and anti-English crowd?
The post Happy St. George Floyd’s Day appeared first on The Daily Sceptic.

offsite link News Round-Up Tue Apr 23, 2024 01:43 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the virus and the vaccines, the ?climate emergency? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Whistleblower Quits NSPCC Over Trans ?Grooming? Saying Charity has Been ?Completely Captured? by Sto... Mon Apr 22, 2024 20:00 | Will Jones
A senior volunteer at the NSPCC has revealed she quit the charity over concerns about trans "grooming", saying the charity has been "completely captured" by Stonewall and asks primary school pupils their pronouns.
The post Whistleblower Quits NSPCC Over Trans “Grooming” Saying Charity has Been “Completely Captured” by Stonewall and is Asking Primary School Pupils Their Pronouns appeared first on The Daily Sceptic.

offsite link WHO Official Admits the Truth About Vaccine Passports Mon Apr 22, 2024 18:31 | Paul D. Thacker
The WHO's Dr. Hanna Nohynek testified in court that she advised her Government that vaccine passports were not needed but was ignored, despite explaining that the Covid vaccines did not stop virus transmission.
The post WHO Official Admits the Truth About Vaccine Passports appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Iran's hypersonic missiles generate deterrence through terror, says Scott Ritter... Mon Apr 22, 2024 10:37 | en

offsite link When the West confuses Law and Politics Sat Apr 20, 2024 09:09 | en

offsite link The cost of war, by Manlio Dinucci Wed Apr 17, 2024 04:12 | en

offsite link Angela Merkel and François Hollande's crime against peace, by Thierry Meyssan Tue Apr 16, 2024 06:58 | en

offsite link Protest against the bombing of the Iranian consulate in Damascus, by Amir Saeid ... Sat Apr 13, 2024 06:09 | en

Voltaire Network >>

IMF Calls for New Global Debt Policies to Confront COVID Financial Crisis

category international | politics / elections | press release author Friday October 02, 2020 19:16author by Zachary Conti - Jubilee USA Report this post to the editors

IMF head Kristalina Georgieva warned that developing countries could face a second wave of economic crises just as they are recovering from the coronavirus pandemic. "... There is a need to reform the international debt 'architecture' ... to provide speedy and sufficiently deep debt relief to countries that need it, benefitting not only these countries but the system as a whole," wrote Georgieva and other top IMF officials in a Fund blog published Thursday.

IMF head Kristalina Georgieva warned that developing countries could face a second wave of economic crises just as they are recovering from the coronavirus pandemic. "... There is a need to reform the international debt 'architecture' ... to provide speedy and sufficiently deep debt relief to countries that need it, benefitting not only these countries but the system as a whole," wrote Georgieva and other top IMF officials in a Fund blog published Thursday.

"The IMF is declaring that global processes and policies must be reformed to address skyrocketing debt levels and countries facing debt crises," shared Eric LeCompte, the Executive Director of the religious development group Jubilee USA and a UN finance expert. "If we had better debt processes in place before the coronavirus struck, we may not have experienced an economic crisis of this magnitude."

In addition to international debt policy and process reforms, the Georgieva blog asserts the G20 should continue suspending debt payments for poor countries.

In April, the G20 agreed to the Debt Service Suspension Initiative, a process for the 73 poorest countries to stop paying debts through 2020. The initiative allowed 43 of the poorest countries to free $5.3 billion for health and social spending to respond to the pandemic. Without G20 action, the initiative expires at the end of the year.

"Unless we move forward additional aid and debt relief, too many countries could see lost decades of development," said LeCompte.

According to the IMF, about half of low-income countries faced severely high debt levels or financial crisis prior to the onslaught of COVID-19.

"Debt relief and aid needs to be increased and expanded to include more developing countries struggling to confront the health and economic impacts of the pandemic," noted LeCompte. "As we reform debt processes and policies to meet this current crisis, we must also strengthen processes to prepare us to combat future financial crises."

Read Georgieva's IMF blog here.


https://blogs.imf.org/2020/10/01/reform-of-the-international-debt-architecture-is-urgently-needed/
https://www.jubileeusa.org/pr_imf_debt_policies_covid_crisis

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