New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

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

Anti-Empire >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link The Renewable Industry?s Dirty Little Secret Has Just Been Exposed Sat Jul 05, 2025 15:00 | Will Jones
The cat is out of the bag, says Diana Furchtgott-Roth. The vitriolic reaction to Congress?s plans to cut tax credits for renewables lays bare how 'cheap' wind and solar really are, and how subsidies are never enough.
The post The Renewable Industry’s Dirty Little Secret Has Just Been Exposed appeared first on The Daily Sceptic.

offsite link Britain is Turning into a Hotel for the World?s Criminals Sat Jul 05, 2025 13:00 | Will Jones
Britain risks becoming a hotel for?the world's criminals, warns Guy Dampier in the Telegraph, as new analysis?reveals that illegal small boat migrants are 24 times more likely to go to prison than the average Brit.
The post Britain is Turning into a Hotel for the World’s Criminals appeared first on The Daily Sceptic.

offsite link Germany is Not Being Honest About Who is Assaulting Children at Swimming Pools Sat Jul 05, 2025 11:00 | Eugyppius
In the last 10 years, Germany has welcomed a lot of ill-behaved young men for no discernible reason, and along the way citizens have had the dubious privilege of discovering whole new categories of crime, says Eugyppius.
The post Germany is Not Being Honest About Who is Assaulting Children at Swimming Pools appeared first on The Daily Sceptic.

offsite link Defunding Gavi is Good for Public Health Sat Jul 05, 2025 09:00 | Dr David Bell
The Left is in a panic over the defunding of the Gavi 'Vaccine Alliance'. But while the global vaccine industry has been lucrative, the biggest drivers of improved health are sanitation and nutrition, says Dr David Bell.
The post Defunding Gavi is Good for Public Health appeared first on The Daily Sceptic.

offsite link Pet Hates: Are Muslims in Britain Really Trying to Ban Dogs? Sat Jul 05, 2025 07:00 | Steven Tucker
Are British Muslims trying to ban dogs? It's a rumour that's been swirling for years ? and it's true that in Iran hardliners occasionally moot the idea. But in this case the rumour seems to be false, says Steven Tucker.
The post Pet Hates: Are Muslims in Britain Really Trying to Ban Dogs? appeared first on The Daily Sceptic.

Lockdown Skeptics >>

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 >>

G7 Calls for More Debt Relief to Confront COVID-19 Crisis

category international | economics and finance | press release author Monday August 17, 2020 20:33author by Zachary Conti, zach@jubileeusa.org - Jubilee USA Report this post to the editors

Treasury Secretary Steven Mnuchin convened G7 Finance Ministers, the International Monetary Fund and the World Bank to coordinate responses to the COVID-19 pandemic. In April, the G7 supported the G20 to implement a plan to suspend debt payments for the 73 poorest countries in the world through 2020.

"The G7 called on the G20 to consider suspending debt payments beyond 2020 and into next year for the world's poorest countries," stated Jubilee USA Executive Director and United Nations debt expert, Eric LeCompte. "Developing countries need more debt relief to fight the serious health and economic impacts of the coronavirus."

By year-end, the suspension of debt payments could free up $12 billion for low-income countries to invest in health services and economic recovery. The Finance Ministers encouraged all G20 countries to fully participate in the debt payment freeze.

"The G7 is pressuring China to fully implement the debt payment suspension and agree to extend the debt payment freeze into 2021," said LeCompte. "Unfortunately, the G7 took no action to extend debt relief to more developing countries."

When the debt payment suspension began, the private sector was encouraged to participate. However, much of the private sector resisted participation. In July, G20 Finance Ministers released a statement with stronger private sector participation language, but still fell short of offering a plan to ensure participation.

Many developing countries reeling from the worst economic impacts of the crisis do not qualify for current debt relief plans because they are classified as "middle-income" countries.

"Beyond expanding relief and aid to more countries, we need to permanently reduce debts for many developing countries during this severe global crisis," noted LeCompte. "Emergency aid can be delivered to countries by accessing global reserve funds or what's known as the Special Drawing Rights."

The Ministers also discussed improving transparency for global debt data, distribution of vaccines for low-income countries and growing economic crisis in Lebanon.

www.jubileeusa.org

Related Link: https://www.jubileeusa.org/g7_finance_ministers_call_for_more_debt_relief_to_confront_covid_19_crisis
© 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