Find below suggested Jubilee messages to include on your postcard or heart for Treasury Secretary Geither. These calls align with Jubilee's platform and strategic plan for the coming years. Jubilee USA also shared similar messages through transition recommendations with Obama administration transition team.
1) CANCEL HAITI’S DEBTS
Four hurricanes recently devastated Haiti but the tiny nation continues to pay $1.6 million/month to the World Bank. CLICK to learn more about Haiti
2) EXPAND DEBT RELIEF
Too many more poor countries like Kenya, Bangladesh, and Lesotho need debt relief to fight poverty amidst the food, fuel and financial crises, but aren’t eligible for the current program. The Obama Treasury can urge the IMF to devote $ from gold sales to fund debt relief to help the poorest recover. CLICK to read more about the debt crisis
3) STOP VULTURE FUNDS
Vulture funds buy the debt of poor countries, then sue them for huge profits. The Obama Treasury department should work to permanently outlaw profiteering by vulture funds. CLICK to learn more about vulture funds
4) KEEP COMMITMENT TO FUND DEBT RELIEF
The new Treasury department should request full funding for its contribution to World Bank debt relief, while working to pay down the US’ arrears to the World Bank.
5) ADDRESS ODIOUS & ILLEGITIMATE DEBT; PROMOTE RESPONSIBLE LENDING
Odious debts are inhibiting the development of countries like Haiti, the Democratic Republic of Congo, and Liberia. These debts should be audited and canceled. We need a new framework for responsible lending to ensure countries don’t fall back into the debt trap and the mistakes of past aren’t repeated. CLICK to read more
6) REPAY CLIMATE DEBT The North has made the biggest contribution to global warming, while our brothers and sisters in the global South suffer the highest costs. The Obama Treasury department should provide grants rather than loans to help poor countries adapt to climate change.
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