The Progressive


A project of Common Dreams

For Immediate Release

Olivia Engling, Communications and Operations Manager

Jubilee USA Statement on Global Financial Stability Report


The IMF releases the 2021 Global Financial Statement Report.

Eric LeCompte, Executive Director of the religious development group Jubilee USA Network and a United Nations finance expert who monitored IMF meetings since 2010, releases the following statement on the IMF's Global Financial Stability Report and the upcoming IMF meetings:

"Rising COVID infections, growing uncertainty around pandemic solutions and inflation cloud the stability of the global economy.

"Developing country debt could spike if wealthy economies raise interest rates.

"Developing countries are already paying higher interest rates due to COVID pressures on their budgets.

"The IMF highlights that climate change is a significant risk to long-term economic stability."

Read the IMF Global Financial Stability Report here.

Read the Jubilee USA Statement on IMF World Economic Outlook Report 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.

(202) 783-3566