Congress Includes IMF Reforms in 'Omnibus' Budget Deal

Jubilee USA

For Immediate Release

Organization Profile: 
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

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."

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Jubilee USA Network is an alliance of more than 75 US organizations and 650 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

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