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North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

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The post Why Do 1,000 Refugees Get Free Wimbledon Tickets While Long Suffering Locals Get None? appeared first on The Daily Sceptic.

Criminal Investigation Launched into Bob Vylan and Kneecap?s Glastonbury Performances as US Revokes ... Mon Jun 30, 2025 17:43 | Will Jones
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What is the Purpose of Sydney Sweeney?s Bathwater? Mon Jun 30, 2025 15:30 | Chris Bullick
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The post What is the Purpose of Sydney Sweeney’s Bathwater? appeared first on The Daily Sceptic.

Chris Whitty Was Behind Covid Guidance That Triggered Care Homes Spread, FOI Emails Reveal Mon Jun 30, 2025 13:01 | Will Jones
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An Inspector Calls ? and Then Tells You What to Think Mon Jun 30, 2025 11:00 | Jack Watson
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The post An Inspector Calls ? and Then Tells You What to Think appeared first on The Daily Sceptic.

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The Fed and Central Banks Seek Cure for COVID-hit Economy

international | politics / elections | press release

Thursday August 27, 2020 19:59

by Zach Conti, zach@jubileeusa.org - Jubilee USA

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On August 27 and 28, the US Federal Reserve and other government central banks meet for their annual retreat.

On August 27 and 28, the US Federal Reserve and other government central banks meet for their annual retreat. Traditionally held in the picturesque location of Jackson Hole, Wyoming, this year the meeting will take place virtually under the theme “Navigating the decade ahead: Implications for monetary policy.”

“Government banks are grappling with a global economy projected to worsen,” said Eric LeCompte, the Executive Director of Jubilee USA Network. “The meeting will give us a view of what role central bankers wish to play in the battle against the economic impacts of the coronavirus.”

The global economy is expected to contract by almost 5%. Emerging market and developing economies already held historically high levels of debt before the COVID-related crisis. Latin America is expected to contract about 10%.

These economic forecasts translate to United Nations projections that poverty will increase for the first time in 20 years. Ultimately, more than 130 million people will fall into extreme poverty during the next decade.

“The fate of the economy and global poverty levels are intertwined,” said LeCompte.

Jubilee USA Network is an alliance of more than 75 US organizations and 750 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

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