The Progressive

NewsWire

A project of Common Dreams

For Immediate Release
Contact:

Greg Williams, Communications Director

greg@jubileeusa.org / (o) (202) 783-3566 x101 (m) (443) 854-1405

Congress Includes IMF Reforms in 'Omnibus' Budget Deal

The "Omnibus" budget package includes International Monetary Fund (IMF) voting reforms that awaited Congressional approval since 2010. The so-called "quota" reforms give emerging and developing countries increased voting power within the IMF governing structure.

Eric LeCompte, Executive Director of the religious development group Jubilee USA, releases the following statement:

"I applaud this bipartisan Congressional action that fosters greater participation for countries impacted by IMF decisions and policies.

WASHINGTON

The "Omnibus" budget package includes International Monetary Fund (IMF) voting reforms that awaited Congressional approval since 2010. The so-called "quota" reforms give emerging and developing countries increased voting power within the IMF governing structure.

Eric LeCompte, Executive Director of the religious development group Jubilee USA, releases the following statement:

"I applaud this bipartisan Congressional action that fosters greater participation for countries impacted by IMF decisions and policies.

"This is about fairness, inclusion and transparency."

Jubilee USA Network is an interfaith, non-profit alliance of religious, development and advocacy organizations. We are 75 U.S. institutions and more than 750 faith groups working across the United States and around the globe. We address the structural causes of poverty and inequality in our communities and countries around the world.

(202) 783-3566