New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link This Site Will Soon Be Hosted at anti-em... Sun Sep 22, 2024 17:24 | Anti-Empire

offsite link Ukraine Shoots Down F-16 With Patriot, A... Sat Aug 31, 2024 11:53 | Anti-Empire

offsite link Surprise Offensive Puts 300 km² of Russ... Fri Aug 09, 2024 08:44 | Marko Marjanović

offsite link The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire

offsite link In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb

offsite link The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
Dear friends As I have previously announced, we are now “freezing” the blog.  We are also making archives of the blog available for free download in various formats (see below). 

offsite link What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are

offsite link Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by

The Saker >>

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 >>

Voltaire Network
Voltaire, international edition

offsite link Voltaire, International Newsletter N°103 Fri Oct 11, 2024 12:15 | en

offsite link The Anglo-Saxons carry on bombing Yemen, although West Point considers it ineffe... Fri Oct 11, 2024 12:07 | en

offsite link Voltaire, International Newsletter N°102 Tue Oct 08, 2024 07:00 | en

offsite link Iran and Israel, by Thierry Meyssan Tue Oct 08, 2024 06:58 | en

offsite link Assassination of Hassan Nasrallah Tue Oct 08, 2024 06:50 | en

Voltaire Network >>

G7 Focuses on Vaccines and Economic Response to COVID Crisis

category international | politics / elections | press release author Friday June 11, 2021 03:25author by Olivia Engling - Jubilee USA Network Report this post to the editors

The presidents and prime ministers of 7 of the world's wealthiest countries gather in the United Kingdom to meet on the response to the economic and health crises spurred by the coronavirus.

The presidents and prime ministers of 7 of the world's wealthiest countries gather in the United Kingdom to meet on the response to the economic and health crises spurred by the coronavirus. Hosted in the seaside town of Cornwall this weekend, the G7 Summit focuses on global vaccine distribution and tax, debt, aid, trade and climate policies.

“As developing countries struggle with a third wave of the coronavirus, it's clear that the world faces a prolonged economic crisis,” said Eric LeCompte, a United Nations finance expert and leader of the religious development organization Jubilee USA Network. “The only way to beat the dire economic forecasts is to distribute vaccines quickly and provide debt relief and aid to developing countries."

Less than 2% of COVID vaccines reached poor countries. The International Monetary Fund asserts the global economy will lose $9 trillion if vaccines are not distributed by 2022 to developing countries.

On Wednesday, the World Trade Organization began a vaccine patent waiver process that could help developing countries produce and procure more vaccines.

“Unfortunately, G7 leaders still have not come to an agreement on waiving the pharmaceutical patents on vaccines,” remarked LeCompte. "More and more people will die as wealthy countries wait to waive COVID vaccine patents."

As a part of the coronavirus response, the G7 supports a debt relief process for poor countries and agreements to curb corporate and digital tax avoidance.

"The G7 tax deal could help boost revenues that countries need to get through the crisis," shared LeCompte. "While G7 support of debt relief is critical as we confront the pandemic, the G7 should support expanding relief to assist more developing countries in need."

During the summit, the G7 will discuss a $650 billion creation of Special Drawing Rights, a special IMF reserve currency, to respond to the corona economic crisis. Specifically, the G7 will review how these emergency funds can assist developing countries access vaccines, reduce poverty and fight climate change.

“The Special Drawing Rights could be a critical source of funding for the IMF's $50 billion plan to end the pandemic," stated LeCompte.

Read about the WTO vaccine patent waiver process here: https://www.jubileeusa.org/pr_covid_vaccine_waiver

Read Jubilee USA's statement on last week's G7 finance ministers meeting and communiqué here: https://www.jubileeusa.org/g7_finance_ministers_june_2021

Read the Jubilee USA Network press release on last week's G7 finance ministers meeting here: https://www.jubileeusa.org/pr_g7_finance_meeting

Read about the IMF $50 billion plan to end the pandemic here: https://www.jubileeusa.org/imf_50_billion_vaccine_plan_june_21

Related Link: https://www.jubileeusa.org/pr_21_g7_vaccines_and_economic_response

 #   Title   Author   Date 
   Jubilee USA Statement on G7 Summit and Communiqué     Aldo Caliari    Sun Jun 13, 2021 17:39 
   Jubilee USA Statement on G7 Summit and Communiqué     Aldo Caliari    Wed Jun 16, 2021 15:43 


 
© 2001-2024 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