Publishing Guide

Upcoming Events

International | Economics and Finance

no events match your query!

New Events

no events posted in last week

Other Press

Economics and Finance

China’s CITY WIDE CASH SEIZURES Begin — ATMs Frozen, Digital Yuan FORCED Overnight 21:40 Jul 30 0 comments

The Coming European Economic Apocalypse 21:13 Dec 01 1 comments

Ryanair CEO Michael O'Leary ridicules Government restrictions and calls for 'unnecessary' lockdown t... 01:55 May 31 0 comments

Anti Environmental CETA Trade Agreement ratification approved despite protests 20:58 May 08 0 comments

Runaway Train Towards Full Digitization of Money and Labor 14:18 Jan 01 2 comments

more >>

User Preferences

Feeds

Blog Feeds

Public Inquiry

Interested in maladministration. Estd. 2005

RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

Joe Duffy is dishonest and untrustworthy Anthony

Robert Watt complaint: Time for decision by SIPO Anthony

RTE in breach of its own editorial principles Anthony

Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland

Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

Study of 1.7 Million Children: Heart Damage Only Found in Covid-Vaxxed Kids Sat Nov 01, 2025 00:44 | imc

The Golden Haro Fri Oct 31, 2025 12:39 | Paul Ryan

Top Scientists Confirm Covid Shots Cause Heart Attacks in Children Sun Oct 05, 2025 21:31 | imc

Fraud and mismanagement at University College Cork Thu Aug 28, 2025 19:30 | Calli Morganite

Deliberate Design Flaw In ChatGPT-5 Sun Aug 17, 2025 09:04 | Mind Agent

Human Rights in Ireland >>

Lockdown Skeptics

UK?s National Debt Grows at Fastest Rate of Any Advanced Economy Sun Nov 02, 2025 19:00 | Richard Eldred
The UK's national debt has tripled in 20 years, outpacing all other advanced economies, with economists warning the country is perilously close to a debt crisis.
The post UK?s National Debt Grows at Fastest Rate of Any Advanced Economy appeared first on The Daily Sceptic.

I Don?t Want 600 Illegal Migrants Moving into My Town Sun Nov 02, 2025 17:00 | Madeleine Gillies
Crowborough's been blindsided, says Madeleine Gillies, as locals learn their quiet Sussex town will host 600 illegal migrants in a former army camp ? news that's stirred anger, fear and a deep sense of betrayal.
The post I Don?t Want 600 Illegal Migrants Moving into My Town appeared first on The Daily Sceptic.

We Need Properly Funded Palliative Care, Not Suicide on the State Sun Nov 02, 2025 15:02 | Toby Young
The assisted dying bill is a bodge job that hasn?t been properly thought through. But even with a better written bill, do we really want to grant the NHS the legal right to kill patients?
The post We Need Properly Funded Palliative Care, Not Suicide on the State appeared first on The Daily Sceptic.

All-Female Cambridge College Lets In Students Who Were Born Male Sun Nov 02, 2025 13:02 | Richard Eldred
Cambridge's oldest women-only college has caused outrage after refusing to back down on letting in trans women, even after the Supreme Court made it clear that "woman" means biological female.
The post All-Female Cambridge College Lets In Students Who Were Born Male appeared first on The Daily Sceptic.

Horror Knife Rampage on Train Leaves 10 in Hospital ? With 9 Fighting for Their Lives Sun Nov 02, 2025 11:13 | Richard Eldred
Ten people have been rushed to hospital, nine with life-threatening injuries, after armed police responded in Huntingdon, Cambridgeshire, to a mass stabbing on a train travelling from Doncaster to London King's Cross.
The post Horror Knife Rampage on Train Leaves 10 in Hospital ? With 9 Fighting for Their Lives appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network

Voltaire, international edition

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

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

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

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

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

Voltaire Network >>

World Bank Says Bold Debt Relief Plans Needed to Confront COVID Crisis

international | economics and finance | press release

Wednesday August 19, 2020 14:53

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

Report this post to the editors

World Bank President David Malpass called for debt cancellation for poor countries struggling with the coronavirus, in an interview he gave to The Guardian.

"The coronavirus crisis is both a health and economic crisis and many developing countries can't address the critical needs of their people while paying debts," noted Eric LeCompte the Executive Director of the religious development group, Jubilee USA and a United Nations debt expert. "Many countries are experiencing both dramatic losses in revenue and rising costs to address the impacts of this crisis."

Malpass asserted that new World Bank data would illustrate that 100 million people were pushed into poverty by the crisis. He explained the crisis was worse than the crisis of 2008 and that more bold policies were needed from the G7 and G20. The G20 offered debt payment suspension policies for the 73 poorest countries in April that could save poor countries $12 billion in 2020.

"The only way for many developing countries to get on the otherside of this crisis is to cancel debts," stated LeCompte who monitors World Bank policies. "The private sector needs to participate in debt relief plans and shouldn't expect taxpayers of developed countries to bail them out."

Malpass shared concerns of private sector actors and China's development bank refusing to participate in current debt relief plans. He argued that these groups could get a "free ride" and take the debt relief and aid being offered by the United States and other advanced economies.

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

Add Your Comments >>

printable version

with comments

atom feed of comments

rss feed of comments

RSS and atom feeds allow you to keep track of new comments on particular stories. You can input the URL's from these links into a rss reader and you will be informed whenever somebody posts a new comment.

Digg this

Furl

Reddit

Gab

Twitter

© 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