The Coming European Economic Apocalypse 21:13 Dec 01 0 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 The Spectre Haunting Europe 23:21 Dec 04 0 comments more >>Blog Feeds
Anti-EmpireThe Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko Marjanović US Gives Weapons to Taiwan for Free, The... Fri May 03, 2024 03:55 | Anti-Empire Russia Has 17 Percent More Defense Jobs ... Tue Apr 30, 2024 11:56 | Marko Marjanović
The SakerA bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Lockdown Skeptics
Who Will Guard Us Against the Guardian?s ?Fact Checks?? Mon Jul 22, 2024 15:34 | David Craig
Biden Delayed Stepping Down as He ?Doubts Kamala? as Senior Democrats Fail to Back Her Mon Jul 22, 2024 13:19 | Will Jones
The Office of Budget Intractability Mon Jul 22, 2024 11:00 | Andrew Colllingwood
No, the CrowdStrike Debacle is Not a Warning of What Could Happen if we Introduce CBDCs Mon Jul 22, 2024 09:00 | Anonymous IT Reporter
News Round-Up Mon Jul 22, 2024 00:39 | Richard Eldred
Voltaire NetworkVoltaire, international editionNetanyahu soon to appear before the US Congress? It will be decisive for the suc... Thu Jul 04, 2024 04:44 | en Voltaire, International Newsletter N°93 Fri Jun 28, 2024 14:49 | en Will Israel succeed in attacking Lebanon and pushing the United States to nuke I... Fri Jun 28, 2024 14:40 | en Will Netanyahu launch tactical nuclear bombs (sic) against Hezbollah, with US su... Thu Jun 27, 2024 12:09 | en Will Israel provoke a cataclysm?, by Thierry Meyssan Tue Jun 25, 2024 06:59 | en |
UN, Presidents and Prime Ministers Discuss Coronavirus Financial Crisis Solutions
international |
economics and finance |
press release
Tuesday September 29, 2020 19:59 by Zach Conti - Jubilee USA
Presidents, prime ministers and world leaders focused on solutions for the global economic crisis spurred by the coronavirus at a virtual United Nations meeting. Presidents, prime ministers and world leaders focused on solutions for the global economic crisis spurred by the coronavirus at a virtual United Nations meeting. "Financing the 2030 Agenda for Sustainable Development in the Era of COVID-19 and Beyond," is the largest heads of state meeting organized to confront the financial crisis created by the pandemic. "Six months into the pandemic and hundreds of millions of people are experiencing hunger, losing their jobs and being thrown into the ranks of poverty," said Eric LeCompte, Executive Director of the religious development group Jubilee USA. LeCompte was part of the multi-month process that developed the options considered by world leaders at the special UN meeting. "Poor and vulnerable people bear the brunt of this economic crisis." The UN estimates 265 million people now face famine and 100 million people will enter extreme poverty due to the pandemic. Since the beginning of the coronavirus crisis, 500 million jobs were lost according to the International Labor Organization. Developing countries spent less than 3% of the $11 trillion spent on COVID stimulus packages and economic aid. Nearly 90% of these stimulus monies were spent in wealthy countries. "World leaders are considering options to bolster crisis response aid for developing countries," stated LeCompte. "Debt relief, curbing tax evasion and accessing global reserve funds are some of the options on the table." The heads of state meeting was convened by United Nations Secretary-General António Guterres, the Prime Minister of Canada, Justin Trudeau and Andrew Holmes, the Prime Minister of Jamaica. In October the G20, IMF and World Bank could implement some of the solutions discussed at the UN meeting. 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 |