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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

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Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link News Round-Up Thu Jun 05, 2025 01:05 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Discover Deep England During F?te Season Wed Jun 04, 2025 19:00 | Joanna Gray
Deep England still exists and it can and must be visited, says Joanna Gray. The official f?te season has begun, where England and the English are best viewed in their modest, decent, summer apparel.
The post Discover Deep England During F?te Season appeared first on The Daily Sceptic.

offsite link White British People Will be a Minority in 40 Years, Report Predicts Wed Jun 04, 2025 17:00 | Will Jones
White British people?will become a minority within 40 years, a report from Buckingham University's Professor Matt Goodwin has predicted. Turns out the Great Replacement isn't a conspiracy theory, just a demographic fact.
The post White British People Will be a Minority in 40 Years, Report Predicts appeared first on The Daily Sceptic.

offsite link The Small Boats Crisis Isn?t So Simple Wed Jun 04, 2025 15:00 | Noah Carl
Sir Keir can talk tough on small boats all he likes, but as Noah Carl points out, the real problem isn't the smugglers ? it's that once people arrive, there's pretty much nowhere to send them.
The post The Small Boats Crisis Isn?t So Simple appeared first on The Daily Sceptic.

offsite link A Deeply Troubling Book Wed Jun 04, 2025 13:00 | Dr Roger Watson
In the Covid cock-up vs conspiracy debate, it's clear most politicians were clueless. But was the response being coordinated behind the scenes? Prof Roger Watson reviews a new book that finds troubling evidence it was.
The post A Deeply Troubling Book appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

World Bank Says Bold Debt Relief Plans Needed to Confront COVID Crisis

category international | economics and finance | press release author Wednesday August 19, 2020 14:53author by Zachary Conti, zach@jubileeusa.org - Jubilee USA Report this post to the editors

World Bank President David Malpass called for debt cancellation for poor countries struggling with the coronavirus, in an interview he gave to The Guardian.

"The coronavirus crisis is both a health and economic crisis and many developing countries can't address the critical needs of their people while paying debts," noted Eric LeCompte the Executive Director of the religious development group, Jubilee USA and a United Nations debt expert. "Many countries are experiencing both dramatic losses in revenue and rising costs to address the impacts of this crisis."

Malpass asserted that new World Bank data would illustrate that 100 million people were pushed into poverty by the crisis. He explained the crisis was worse than the crisis of 2008 and that more bold policies were needed from the G7 and G20. The G20 offered debt payment suspension policies for the 73 poorest countries in April that could save poor countries $12 billion in 2020.

"The only way for many developing countries to get on the otherside of this crisis is to cancel debts," stated LeCompte who monitors World Bank policies. "The private sector needs to participate in debt relief plans and shouldn't expect taxpayers of developed countries to bail them out."

Malpass shared concerns of private sector actors and China's development bank refusing to participate in current debt relief plans. He argued that these groups could get a "free ride" and take the debt relief and aid being offered by the United States and other advanced economies.

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

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