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    jubilee usa

    Global Institutions Close Ranks Behind IMF $50 Billion Vaccine Plan

    Newswire Editor
    Jun 02, 2021

    Heads of the primary global financial, trade and health institutions urged government leaders to finance a $50 billion vaccine plan to end the pandemic. "A two-track pandemic is developing, with richer countries having access and poorer ones being left behind," shared IMF Managing Director Kristalina Georgieva, World Bank President David Malpass, World Health Organization Director General Tedros Adhanom Ghebreyesus and World Trade Organization Director General Nkozi Okonjo-Iweala in a joint statement.

    "Since the IMF released its vaccine plan at the G20 Health Summit 10 days ago, voices are growing to ensure universal vaccine access," said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. "With what's at stake for everyone's health and the global economy, it's critical that we act quickly and invest more towards global vaccine access."

    Keep ReadingShow Less
    Newswire

    IMF Proposes $50 Billion Vaccine Plan to End Pandemic and Boost Economy

    Newswire Editor
    May 21, 2021

    As worldwide COVID cases peak, IMF chief Kristalina Georgieva unveiled a $50 billion proposal to support vaccinations of 60% of the world's population. During a G20 and European Commission summit, Georgieva argued the global vaccine investment would end the pandemic and spur $9 trillion in economic gains by 2025.

    "Economic forecasts for most countries are grim," said Eric LeCompte, Executive Director of the religious development group Jubilee USA. "Unless we can get most of the global population vaccinated quickly, most countries will be worse off in coming years and all countries are likely to face economic shocks."

    Keep ReadingShow Less
    Newswire

    Sudan Debt Relief Moves Forward

    U.S. plays major role in Sudan relief effort.

    Newswire Editor
    May 07, 2021

    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 development group Jubilee USA Network, which was a major force for the creation of the debt reduction process. "Debt relief cannot come soon enough for Sudan as the country struggles with the pandemic and a 50% poverty rate."

    Keep ReadingShow Less
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