Publishing Guide

Upcoming Events

International | Economics and Finance

no events match your query!

New Events

no events posted in last week

Other Press

Economics and Finance

The Coming European Economic Apocalypse 21:13 Dec 01 1 comments

Ryanair CEO Michael O'Leary ridicules Government restrictions and calls for 'unnecessary' lockdown t... 01:55 May 31 0 comments

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

more >>

User Preferences

Feeds

Blog Feeds

Anti-Empire

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

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

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

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

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

Human Rights in Ireland

Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

Exposed: Palestine Action?s Plans for Wave of Attacks on RAF Bases Across UK Thu Jun 26, 2025 19:00 | Will Jones
Palestine Action is preparing to launch a wave of attacks on RAF bases across the United Kingdom, the Telegraph reveals after its journalists infiltrated the group and attended an online meeting.
The post Exposed: Palestine Action’s Plans for Wave of Attacks on RAF Bases Across UK appeared first on The Daily Sceptic.

Two-Tier Policing Row Over Palestine Protester Dressed as Holocaust Victim Thu Jun 26, 2025 17:43 | Will Jones
More evidence of two-tier policing as Metropolitan Police officers ignore a pro-Palestinian protester dressed as a Holocaust victim but warn men "waving Israeli flags" that they could be breaching the peace.
The post Two-Tier Policing Row Over Palestine Protester Dressed as Holocaust Victim appeared first on The Daily Sceptic.

Kneecap Should Play Glastonbury Thu Jun 26, 2025 15:00 | Laura Perrins
Of course Kneecap should play Glastonbury, says Laura Perrins. Yes, they're morons. But morons deserve free speech too. One member may be on trial, but only for a summary offence. As long as we don't have to listen.
The post Kneecap Should Play Glastonbury appeared first on The Daily Sceptic.

Watch: Electric Mercedes Worth ?50,000 Explodes After ?Battery Fault? ? Destroying Two Cars Nearby Thu Jun 26, 2025 13:00 | Will Jones
A security camera has captured the moment an electric Mercedes worth ?50,000 exploded in Sheffield due to a ?battery fault?, destroying two other cars parked nearby and trapping the owner in his house: "I could have died."
The post Watch: Electric Mercedes Worth ?50,000 Explodes After ‘Battery Fault’ ? Destroying Two Cars Nearby appeared first on The Daily Sceptic.

Benefits Bill Will Rise by ?8 Billion Even if Starmer Defeats Rebels, Warns IFS Thu Jun 26, 2025 11:12 | Will Jones
Britain's benefits bill will rise by a further ?8 billion even if Keir Starmer defeats Labour rebels on his flagship welfare reforms, the IFS has warned. Not really a cut, then, more a slightly slower rise.
The post Benefits Bill Will Rise by ?8 Billion Even if Starmer Defeats Rebels, Warns IFS appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network

Voltaire, international edition

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

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

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

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

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

international | economics and finance | press release

Wednesday August 19, 2020 14:53

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

Add Your Comments >>

printable version

with comments

atom feed of comments

rss feed of comments

RSS and atom feeds allow you to keep track of new comments on particular stories. You can input the URL's from these links into a rss reader and you will be informed whenever somebody posts a new comment.

Digg this

Furl

Reddit

Gab

Twitter

© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy