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offsite link Ukraine Buys Huge Amounts of Russian Fue... Fri Jan 20, 2023 08:34 | Antonia Kotseva

offsite link Turkey Has Sent Ukraine Cluster Munition... Thu Jan 12, 2023 00:26 | Jack Detsch

offsite link New Israeli Government Promises to Talk ... Tue Jan 10, 2023 21:13 | Al Majadeen

offsite link Russia Training Iranian Pilots Ahead of ... Tue Jan 10, 2023 15:19 | The Times of Israel

offsite link Lukashenko Abolishes Copyright Protectio... Tue Jan 10, 2023 15:05 | Nikki Main

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Human Rights in Ireland
A Blog About Human Rights

offsite link UN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights

offsite link 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights

offsite link Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights

offsite link Right to Water Mon Aug 03, 2020 19:13 | Human Rights

offsite link Human Rights Fri Mar 20, 2020 16:33 | Human Rights

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Lockdown Skeptics

The Daily Sceptic

offsite link EXCLUSIVE: A Third of U.K. Met Office Temperature Stations May Be Wrong by Up to 5°C, FOI Reveals Fri Mar 01, 2024 07:00 | Chris Morrison
A third of U.K. Met Office temperature stations have 'junk status' and may be wrong by up to 5°C, an FOI reveals. A further almost 50% are 'near junk' and may be out by 2°C.
The post EXCLUSIVE: A Third of U.K. Met Office Temperature Stations May Be Wrong by Up to 5°C, FOI Reveals appeared first on The Daily Sceptic.

offsite link News Round-Up Fri Mar 01, 2024 00:22 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the virus and the vaccines, the ?climate emergency? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Climate Change is Bigger Existential Threat Than Nuclear Holocaust, Says Biden Thu Feb 29, 2024 18:04 | Richard Burcik
What's the bigger existential threat to humanity, climate change or nuclear holocaust? Biden says climate change, Trump disagrees. Richard Burcik looks at the facts.
The post Climate Change is Bigger Existential Threat Than Nuclear Holocaust, Says Biden appeared first on The Daily Sceptic.

offsite link How Sweden Proved the World Wrong About Lockdown Thu Feb 29, 2024 15:24 | Will Jones
Two Swedish researchers from Lund University have shown once again that Sweden proves the world wrong about lockdown, publishing their research in the journal Economic Affairs.
The post How Sweden Proved the World Wrong About Lockdown appeared first on The Daily Sceptic.

offsite link Stonewall Funded Church of England Guidance that Said Primary Schoolchildren Can be Transgender Thu Feb 29, 2024 13:00 | Will Jones
Church of England guidance telling primary schools that children as young as five can be transgender was funded by Stonewall, it has emerged.
The post Stonewall Funded Church of England Guidance that Said Primary Schoolchildren Can be Transgender appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link The European Union against farmers, by Thierry Meyssan Tue Feb 27, 2024 06:58 | en

offsite link The Silence of the Guilty, by Manlio Dinucci Mon Feb 26, 2024 13:24 | en

offsite link Thierry Meyssan's interview with the Serbian daily Ve?ernje Novosti, by Thierry ... Mon Feb 26, 2024 05:29 | en

offsite link Ukraine at the heart of the Munich Security Conference Sat Feb 24, 2024 03:57 | en

offsite link Voltaire, International Newsletter N°75 Fri Feb 23, 2024 12:31 | en

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IMF Calls for New Global Debt Policies to Confront COVID Financial Crisis

category international | politics / elections | press release author Friday October 02, 2020 19:16author by Zachary Conti - Jubilee USA Report this post to the editors

IMF head Kristalina Georgieva warned that developing countries could face a second wave of economic crises just as they are recovering from the coronavirus pandemic. "... There is a need to reform the international debt 'architecture' ... to provide speedy and sufficiently deep debt relief to countries that need it, benefitting not only these countries but the system as a whole," wrote Georgieva and other top IMF officials in a Fund blog published Thursday.

IMF head Kristalina Georgieva warned that developing countries could face a second wave of economic crises just as they are recovering from the coronavirus pandemic. "... There is a need to reform the international debt 'architecture' ... to provide speedy and sufficiently deep debt relief to countries that need it, benefitting not only these countries but the system as a whole," wrote Georgieva and other top IMF officials in a Fund blog published Thursday.

"The IMF is declaring that global processes and policies must be reformed to address skyrocketing debt levels and countries facing debt crises," shared Eric LeCompte, the Executive Director of the religious development group Jubilee USA and a UN finance expert. "If we had better debt processes in place before the coronavirus struck, we may not have experienced an economic crisis of this magnitude."

In addition to international debt policy and process reforms, the Georgieva blog asserts the G20 should continue suspending debt payments for poor countries.

In April, the G20 agreed to the Debt Service Suspension Initiative, a process for the 73 poorest countries to stop paying debts through 2020. The initiative allowed 43 of the poorest countries to free $5.3 billion for health and social spending to respond to the pandemic. Without G20 action, the initiative expires at the end of the year.

"Unless we move forward additional aid and debt relief, too many countries could see lost decades of development," said LeCompte.

According to the IMF, about half of low-income countries faced severely high debt levels or financial crisis prior to the onslaught of COVID-19.

"Debt relief and aid needs to be increased and expanded to include more developing countries struggling to confront the health and economic impacts of the pandemic," noted LeCompte. "As we reform debt processes and policies to meet this current crisis, we must also strengthen processes to prepare us to combat future financial crises."

Read Georgieva's IMF blog here.


https://blogs.imf.org/2020/10/01/reform-of-the-international-debt-architecture-is-urgently-needed/
https://www.jubileeusa.org/pr_imf_debt_policies_covid_crisis

Related Link: https://www.jubileeusa.org/pr_imf_debt_policies_covid_crisis
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