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

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

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Anti-Empire >>

Lockdown Skeptics

The Daily Sceptic

offsite link News Round-Up Thu Sep 18, 2025 01:08 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Furious Tory Row Breaks Out at State Visit Reception as Boris Defends Record in Government Wed Sep 17, 2025 19:30 | Will Jones
A furious Tory row broke out at a state visit reception on Tuesday night as Boris Johnson defended his record in government before a gathering of senior Conservative and Reform figures.
The post Furious Tory Row Breaks Out at State Visit Reception as Boris Defends Record in Government appeared first on The Daily Sceptic.

offsite link Trump?s Genius is He Understands There Are No Ordinary People Wed Sep 17, 2025 17:52 | Joanna Gray
Donald Trump's genius is that he understands there are no ordinary people, says Joanna Gray. British politicians would do well to copy his refusal to talk down to the public.
The post Trump’s Genius is He Understands There Are No Ordinary People appeared first on The Daily Sceptic.

offsite link Activists Circulate Guide on How to Ground ?One In, One Out? Flights Wed Sep 17, 2025 15:42 | Will Jones
Pro-migrant campaigners have circulated a guide on how to ground 'one in, one out' flights, telling activists how to contact Air France and prevent the planes from taking off.
The post Activists Circulate Guide on How to Ground ‘One In, One Out’ Flights appeared first on The Daily Sceptic.

offsite link Starmer Faces Disaster in Wales as Poll Shows Labour in Freefall Behind Reform and Set to Lose First... Wed Sep 17, 2025 13:56 | Will Jones
Keir Starmer?is facing a disaster in Wales as a poll shows Labour in freefall behind Reform and set to lose the First Minister post for the first time since devolution.
The post Starmer Faces Disaster in Wales as Poll Shows Labour in Freefall Behind Reform and Set to Lose First Minister Post for First Time 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
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