Skip to main content

Sign up for our newsletter.

Quality journalism. Progressive values. Direct to your inbox.

Corporate gatekeepers and big tech monopolists are making it more difficult than ever for independent media to survive. Please chip in today.

For Immediate Release

Contact

Olivia Engling, Communications and Operations Manager, olivia@jubileeusa.org

Press Release

Donors Announce $93 Billion in COVID and Development Aid for Poorest Countries

WASHINGTON -

A World Bank fund that aids the poorest countries will receive $93 billion over the next three years. The International Development Association (IDA) announcement came Wednesday at the end of a two-day donor pledging meeting in Tokyo.

“As poor countries struggle with the pandemic and high levels of debt, they need more support,” said Eric LeCompte, the Executive Director of the religious development organization Jubilee USA Network. "Religious groups pushed world leaders to increase humanitarian aid for developing countries struggling with the pandemic."

The US Conference of Catholic Bishops and Jubilee USA Network wrote a joint letter to President Biden in February urging additional funds for IDA and other development lenders to respond to increased COVID-spurred needs.

“The committed donations are important as these countries need to spend more on social needs and climate challenges," stated Jubilee USA's Aldo Caliari, the group's Senior Director of Policy.

IDA normally receives new funds every three years. The IDA replenishment is the 20th in its history and was originally scheduled for 2023 but rapid depletion of the previous one due to the COVID crisis, prompted donors to advance new funding by one year. The new IDA commitments were 13% higher than the previous replenishment. The Tokyo meeting was the last of four donor meetings to negotiate contributions.

“More money for IDA is good news,” added LeCompte. "As we continue to confront the global health and economic crises, developing countries will also need debt relief and other sources of aid."

Major US churches and international religious groups also signed a letter that Jubilee USA coordinated to the White House, G20 and IMF calling for additional aid to confront the pandemic. The nearly 300 signers included the Union for Reform Judaism, the Unitarian Universalist Association and the Episcopal, Evangelical Lutheran, Presbyterian, Methodist and United Church of Christ Churches.

Read Jubilee USA and the US Conference of Catholic Bishops joint letter to the White House here.

Read Jubilee USA's COVID response letter calling for additional aid and development bank support with nearly 300 signatories 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.

Median Pay of Top CEOs Hits Record $14.7 Million as Workers Strike Over Starvation Wages

"While most of America struggles to put gas in the tank and pay the grocery bills, price-gouging, excessive-profit-taking CEOs used their captive boards to award themselves record pay," said one expert.

Jake Johnson ·


Sanders: Manchin and Sinema 'Sabotaged' Biden Agenda Because They Lack 'Guts'

"Why don't you have the guts to take on the drug companies and the insurance companies and the fossil fuel industry?" the Vermont senator asked.

Jake Johnson ·


'Still on Track to Win This Primary,' Says John Fetterman After Stroke

"The good news is I’m feeling much better," said Pennsylvania's progressive Lt. Governor, frontrunner in the Democratic primary for the U.S. Senate. "I'm well on my way to a full recovery."

Jon Queally ·


Buffalo Gunman's Racism Directly Tied to Mainstreaming of White Nationalism, Say Critics

"This hateful, white nationalist rhetoric is not just being spread by lone gunmen. It can also be found on cable news and in the rhetoric of politicians today."

Jon Queally ·


'It's a Fight They'll Get': Defenders of Abortion Rights March Nationwide

One speaker at the Ban Off Our Bodies rally in the nation's capital said that Saturday was just "day one of a 'Summer of Rage' where we will be ungovernable. Ungovernable!"

Jon Queally ·

Common Dreams Logo