Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Dear Common Dreams Readers:
Corporations and billionaires have their own media. Shouldn't we? When you “follow the money” that funds our independent journalism, it all leads back to this: people like you. Our supporters are what allows us to produce journalism in the public interest that is beholden only to people, our planet, and the common good. Please support our Mid-Year Campaign so that we always have a newsroom for the people that is funded by the people. Thank you for your support. --Jon Queally, managing editor

Join the small group of generous readers who donate, keeping Common Dreams free for millions of people each year. Without your help, we won’t survive.

For Immediate Release

Contact

Eric LeCompte, Executive Director
Contact: Zachary Conti, Director of Policy and Advocacy
zach@jubileeusa.org / (202) 670-2327

Press Release

IMF Cancels Debt for 28 Poor Countries into Fall of 2021

WASHINGTON -

The IMF Executive Board extended a process to cancel debt payments for the world's 28 poorest countries. The Catastrophe Containment and Relief Trust (CCRT) provided debt relief for the last year and now will continue through October 15, 2021.

Eric LeCompte, the Executive Director of the religious development group Jubilee USA Network and an IMF expert, releases the following statement on the CCRT debt relief extension:

"This is good news for the world's poorest countries.

"Cancelling debt, for these vulnerable countries, means resources can be spent on healthcare and social services."

"While this is important debt relief in the short term, we now need to work on cancelling debts for the long term. Only long-term debt reduction can support developing countries to emerge from the pandemic with resilience."

Read the IMF release on the CCRT extension here.

###

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.

Ilhan Omar Says Plan to Fix Supreme Court Must Include Impeachment Probes

"We need an impeachment investigation into Clarence Thomas' role in the January 6th coup, as well as into Gorsuch, Alito, Barrett, and Kavanaugh's testimony on Roe during their confirmation hearings," said the Minnesota Democrat.

Jake Johnson ·


Right-Wing Justices Should Be Impeached for Lying Under Oath, Says Ocasio-Cortez

"We have a responsibility to protect our democracy," said the New York Democrat. "That includes holding those in power who violate the law accountable."

Kenny Stancil ·


'Infuriating': Biden Rebuked for Continued Opposition to Supreme Court Expansion

"What does Biden 'agree' with doing?" Mehdi Hasan asked. "What does the leader of this country want to do to stop the increasingly fascistic assault on our democratic institutions and basic rights?"

Kenny Stancil ·


'We Need Action': Biden, Democrats Urged to Protect Abortion Access in Post-Roe US

"The Supreme Court doesn't get the final say on abortion," Sens. Elizabeth Warren and Tina Smith wrote in a new op-ed.

Kenny Stancil ·


Motorist 'Tried to Murder' Abortion Rights Advocates at Iowa Protest, Witnesses Say

Although one witness said the driver went "out of his way" to hit pro-choice protestors in the street, Cedar Rapids police declined to make an arrest.

Kenny Stancil ·

Common Dreams Logo