New Events

International

no events posted in last week

Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link How These NHS Apparatchiks Must Hate the Media for Shining a Light on Their Mistreatment of Christia... Tue May 20, 2025 19:00 | Julian Mann
How the NHS apparatchiks must hate the media for shining a light on their mistreatment of Christian nurse Jennifer Melle, who bravely stood up to their trans dogma, says Julian Mann.
The post How These NHS Apparatchiks Must Hate the Media for Shining a Light on Their Mistreatment of Christian Nurse Jennifer Melle Who Stood Up to Their Trans Dogma appeared first on The Daily Sceptic.

offsite link US Ends Recommendation of Covid Vaccine Boosters for Most Americans Tue May 20, 2025 17:24 | Will Jones
The US has ended its recommendation of Covid vaccine boosters for most Americans. FDA Commissioner Martin Makary and FDA vaccine chief Vinay Prasad announced the change for healthy under-65s today in the NEJM.
The post US Ends Recommendation of Covid Vaccine Boosters for Most Americans appeared first on The Daily Sceptic.

offsite link Tories Sink to Lowest Ever Poll Rating Tue May 20, 2025 15:22 | Will Jones
The Conservative Party has sunk to its?lowest ever poll rating, after a YouGov poll carried out on Sunday and Monday found the Tories are now in fourth place on just 16%. Reform is flying on 29% ahead of Labour on 22%.
The post Tories Sink to Lowest Ever Poll Rating appeared first on The Daily Sceptic.

offsite link Lucy Connolly Loses Appeal for Early Release From 31-Month Sentence for Southport Tweet Tue May 20, 2025 12:00 | Will Jones
Lucy Connolly, who was jailed for 31 months for a tweet posted in the wake of the?Southport murders,?has failed in her attempt to be released early after the Court of Appeal refused to reduce her sentence.
The post Lucy Connolly Loses Appeal for Early Release From 31-Month Sentence for Southport Tweet appeared first on The Daily Sceptic.

offsite link Tommy Robinson to be Released From Prison After High Court Reduces 18-Month Sentence for Contempt of... Tue May 20, 2025 11:04 | Will Jones
Tommy Robinson?is due to be released from prison within days after his 18-month sentence for the civil offence of contempt of court was reduced by four months at the High Court after he showed a "change in attitude".
The post Tommy Robinson to be Released From Prison After High Court Reduces 18-Month Sentence for Contempt of Court appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Finance Ministers and United Nations Discuss COVID Crisis Solutions

category international | economics and finance | press release author Tuesday September 08, 2020 20:19author by Zachary Conti - Jubilee USA Network Report this post to the editors

IMF Announces Access to Global "SDRs" Reserve

The majority of developing countries face deepening crises, IMF head Kristalina Georgieva told a global meeting of Finance Ministers. Georgieva spoke during, "Financing the 2030 Agenda for Sustainable Development in the Era of COVID-19 and Beyond." The coronavirus crisis meeting was convened by the UN Secretary General and Finance Ministers of Canada and Jamaica.

"The economic and health impacts for poor people around the world are worsening," stated Jubilee USA Executive Director Eric LeCompte. LeCompte participated in the multi-month COVID-19 response process that created options for Finance Ministers to confront the crisis. "Unless we move forward additional aid and relief, too many countries could wrestle with lost decades of development."

Mahmoud Mohieldin, the UN Secretary General's Special Envoy on Financing the 2030 Agenda, explained during the meeting that while some advanced economies spend the equivalent of 10% of their economic output on pandemic response programs, poor countries cannot even reach 1% of spending.

Georgieva announced the deployment of global reserve funds or Special Drawing Rights. Roughly, $176 billion of these monies are currently held by wealthy countries and could be donated to poor countries.

“We welcome the IMF announcement to disburse billions of dollars of Special Drawing Rights to confront this crisis. As we count the impacts of this crisis in the trillions, G20 Finance Ministers should agree to issue trillions more in global reserve funds," said LeCompte.

The World Bank and several Finance Ministers joined the IMF in a call to extend a 2020 coronavirus debt relief initiative into 2021 to support the 73 poorest countries. World leaders also argued that private banks and creditors should stop collecting poor country debts.

"The bare minimum that world leaders must do now is extend debt payment suspensions for poor countries into next year," noted LeCompte. "Further actions are also critical to protect vulnerable communities and to help all of us emerge with resilience from this crisis. The private sector must be compelled to offer debt relief, more developing countries need aid and some countries need to see their debts permanently reduced."

Several high-level participants urged the need to address revenue losses of countries because of tax evasion, corruption and other illicit financial flows.

Heads of State meet during the UN General Assembly on September 29th to consider the crisis proposals discussed at the Finance Ministers meeting. In October and November, the G20, IMF and World Bank hold additional decision-making meetings.

Related Link: https://www.jubileeusa.org/finance_ministers_and_united_nations_discuss_covid_crisis_solutions
© 2001-2025 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy