Jubilee USA Network

Jubilee USA
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

Releases by this organization

Newswire article
Friday, May 07, 2021
Sudan Debt Relief Moves Forward
Under a debt relief plan won by advocates in the early 2000s, Sudan could see a drastic cut in its $50 billion debt this summer, according to the IMF and the World Bank. “Sudan’s debts would be cut by 85% under the debt relief plan,” said Eric LeCompte, Executive Director of the religious...
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Newswire article
Friday, April 23, 2021
Jubilee USA Statement on President Biden’s Leaders Summit on Climate
On April 22-23 President Biden hosted more than 40 world leaders for a virtual climate summit. Biden announced a new US target to halve fossil fuel emissions by 2030 and eliminate them by 2050, and pledged to double annual public climate finance for developing countries by 2024. He also unveiled an...
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Newswire article
Wednesday, April 07, 2021
260 Faith, Labor and Development Groups Press IMF, G20 and White House on COVID Response
As G20, IMF and World Bank Spring Meetings convene virtually on global COVID response, 260 groups call for developing country aid and policies to prevent future crises and protect the environment. Organized by Jubilee USA Network, 260 religious groups, anti-poverty organizations, labor unions,...
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Newswire article
Tuesday, April 06, 2021
IMF: Indebted Countries Suffer if US Interest Rates Rise
The IMF warns that rising US interest rates could impact the ability of developing countries to pay debt, leading to prolonged economic crisis. The warning comes ahead of IMF, G20 and World Bank meetings, with the Fund's release of the Global Financial Stability Report. “Except for Zambia, all...
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Newswire article
Monday, April 05, 2021
IMF Cancels Debt for 28 Poor Countries into Fall of 2021
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...
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Newswire article
Friday, March 19, 2021
G7 Supports Emergency Funds for Developing Country COVID Relief
G7 finance ministers agreed to create emergency reserve funds for developing countries wrestling with coronavirus economic impacts. The funds are likened to a type of currency the International Monetary Fund creates, called Special Drawing Rights (SDRs). "This is the strongest public statement to...
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Newswire article
Wednesday, March 10, 2021
Stimulus Package Aids Puerto Rico
Congress passed a $1.9 trillion stimulus package that includes Puerto Rico anti-poverty measures and $900 million of increased food aid through the Nutrition Assistance Program. The US territory suffers from a nearly 60% child poverty rate and the coronavirus rescue package funds Puerto Rico's...
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Newswire article
Friday, February 26, 2021
G20 Discusses Stimulus, Climate and Aid for Developing Countries
G20 finance ministers met Friday to discuss global coronavirus response. The group endorsed continuing stimulus plans in wealthy countries and supporting plans to increase aid and vaccine access for developing countries. "If the stimulus plan in the United States moves forward, it translates to...
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Newswire article
Thursday, February 25, 2021
Treasury Secretary Announces Support for Global Reserve Access, Debt Relief and Tackling Climate Change
In a letter to the G20, Treasury Secretary Janet Yellen expressed support for the G20 to determine a process for how global reserve funds (Special Drawing Rights) could be deployed to help low-income countries. "Yellen's letter is incredibly positive news and signals support for the creation of...
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Newswire article
Tuesday, February 23, 2021
Senate Confirms United Nations Ambassador
The Senate confirms Linda Thomas-Greenfield as the US Ambassador to the United Nations. Eric LeCompte, the Executive Director of Jubilee USA Network and a United Nations expert, releases the following statement on the confirmation of Linda Thomas-Greenfield as US Ambassador to the UN: “From climate...
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