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Jubilee's Executive Director Eric LeCompte on MSNBC discussing Pope Francis' speeches to the UN and Congress

Nov 27 - Puerto Rico may default on a looming $354 million December 1 debt payment.

Nov 25 - Presidential candidates from both parties criticize Pfizer's proposed "corporate inversion." Inversions could cost the US government nearly $20 billion over the next decade.

Nov 20 - Puerto Rico's Government Development Bank meets with firms that own Puerto Rico's debt to present proposals to resolve the island's debt crisis.

Nov 16 - G20 leaders focus on economic stability during their annual summit and call on Congress to pass International Monetary Fund voting reforms.

Nov 13-15 - More than 100 communities joined together across the country for Jubilee Weekend 2015. This year's theme was "Let There Be Light" as we acted and prayed for financial transparency to protect the most vulnerable.

Sept 29 - The Archbishop of Puerto Rico, Roberto González Nieves and Reverend Heriberto Martínez Rivera, General Secretary of the Puerto Rico Bible Society, visit Washington, DC to call on Congress to intervene in Puerto Rico's economic crisis. They join members of Congress at a congressional briefing to call for solutions that invest in Puerto Rico's people. Catholic News Service covered the Archbishop's visit. Read the his remarks at the congressional briefing here.

Sept 23 - Pope Francis arrives in the United States. Global poverty will be front and center as he speaks to Congress, the White House and the United Nations. Jubilee's views feature on CNBC, the Miami Herald, the Sacramento Bee and in thousands of news outlets around the country. You can also read our opeds: Pope Francis in His Own Words and Jubilee Protects All of Us.

Sept 10 - The United Nations votes 136-6 to adopt debt restructuring principles to stop financial crisis as part of broader efforts to create a global bankruptcy process. The vote comes two months after Pope Francis endorsed a  bankruptcy process for countries.

Aug 31 - Puerto Rican religious leaders call for solutions to their island's economic crisis and ask the US government to intervene. More information about Puerto Rico's debt crisis is available in Spanish and English on our website. The religious leaders' statement is also available in Spanish and English. Take action today - sign our petition calling on the White House, Federal Reserve Board and Congress to act to protect Puerto Rico's poorest. The Archbishop of Puerto Rico praises our efforts and calls on Congress to act in an op-ed in TIME Magazine.

Read more of Jubilee's latest news.


Debt Relief for Nepal

Spring 2015 - On April 25, a 7.8 magnitude earthquake struck Nepal, killing over 8,800 people and destroyed over 500,000 homes, 8,000 schools and 1,023 health centers. Nepal is one of the poorest countries in the world and owes $3.8 billion in debt, including about $1.5 billion each to the World Bank and Asian Development Bank. Thanks to Jubilee's efforts, Nepal is potentially eligible for $23 million in debt relief from the International Monetary Fund's new debt relief trust fund for countries impacted by natural disasters. We are running a campaign to win debt relief for Nepal from the IMF and to move the World Bank to create its own emergency relief fund and cancel Nepal's debt. Jubilee's views on Nepal appear in Bloombergthe International Business TimesReutersInter Press Service and more.

Ebola Debt Relief Victory

February 5, 2015 - Jubilee USA won $100 million in debt relief for Ebola-impacted West African countries from the International Monetary Fund (IMF) and a new IMF debt relief fund for countries struck by natural disasters or health crises.

Our Ebola debt relief campaign began in the summer of 2014, when we released data showing that Guinea - where the epidemic began - was spending more on debt than on public health. That fall, we moved the White House to ask the IMF for $100 million in Ebola debt relief and pointed out that the IMF already had a trust fund set up to cancel debt in times of crisis. We moved the IMF to create that fund after Haiti's devastating 2010 earthquake. Ebola, we argued, was a good reason to use it again. In October, 150 Jubilee faith communities acted and prayed for Ebola debt relief.

The IMF expanded its Haiti fund to include countries struck by health crises and designated 38 of the world's poorest countries eligible for relief. This fund is the culmination of 15 years of Jubilee's work to end extreme poverty and create permanent social safety nets for countries in crisis.

The Wall Street JournalReutersNational Public Radio's MarketplaceVoice of America and Catholic News Service feature Jubilee's views.


A Jubilee delegation met Pope Francis in May 2014. The "Jubilee" Pope has declared a Holy Year of Mercy.

Jubilee at the Vatican

Spring 2015 - On March 13, Pope Francis celebrated the second anniversary of his election to the Papacy. The Pope emphasized ending poverty and addressing global inequality. Our views on the "Jubilee" Pope are featured on National Public Radio's Marketplace. 

In May 2014, a global Jubilee delegation met Pope Francis and held extensive meetings with high-level Vatican officials. The delegation discussed debt, tax, trade and financial reform with Vatican Secretary of State, Cardinal Pietro Parolin and the president of the Pontifical Council for Justice and Peace, Cardinal Peter Turkson. Jubilee's work at the Vatican was featured in the National Catholic ReporterVatican News Network, Catholic News Service and ValueWalk.

UN Votes to Begin Global Bankruptcy Process

Fall 2014 - On September 9, 2014, the United Nations General Assembly voted overwhelmingly to begin work on a global bankruptcy process. That process - one of Jubilee's core issues since our founding - could make defaults less likely and halt predatory hedge funds. The resolution passed 124 - 11 with almost unanimous support in Latin America and Africa. Jubilee organized thousands of messages to United States UN Ambassador Samantha Power urging her to vote yes. In December, the UN reaffirmed the process with two more resolutions. Foreign Policy, the Guardian, International Business Times and ValueWalk featured our work.

Jubilee USA Filed an Amicus Brief to the US Supreme Court in March

The Debt Trial of the Century

Summer 2014 - On June 16, the US Supreme Court rejected Argentina's appeal for a hearing in the "Debt Trial of the Century." The case dates back to Argentina's 2001 debt default and pits the South American country against a group of predatory hedge funds seeking more than $1.5 billion. Jubilee USA filed an amicus brief to the high court this March, urging the court to take the case and noting the negative impact a ruling in favor of the predatory funds would have on poor countries, debt restructurings and legitimate investors. On July 30, Argentina defaulted. Jubilee USA's views on the case are featured in the Wall Street Journal, National Public Radio, the Financial Times, Time Magazine and more. Jubilee's executive director Eric LeCompte addressed the United Nations about the case in August.

A complete timeline of the case is available on our website.

Dr. Jim Yong Kim, President of the World Bank

Dr. Jim Yong Kim Touts Jubilee's Impact On Poverty

June, 2014 - At the 2014 RESULTS Conference, World Bank president Dr. Jim Yong Kim said, "Two of the most important impacts on growth in Africa over the last 5 years, which has been over 5%, no one expected it, has been 1) the Jubilee movement, debt relief...and 2) HIV treatment." 

Jubilee Exec. Director Eric LeCompte stands with students representing Republicans, Democrats and three major faiths

Repubs, Dems, Jews, Christians and Muslims Inspire Jubilee Campus Unity

February, 2014 - University of California Berkeley Republicans, Democrats, and Jewish, Muslim and Christian groups joined Jubilee USA to end the structural causes of extreme poverty. You can read about the event in The Daily Californian. Eric keynoted the event that will become a model for universities around the US to bridge political and religious divides to address debts, taxes and corruption.

Dr. Cephas Lumina, United Nations Independent Expert

Capitol Briefing on Responsible Lending and Borrowing and Vulture Funds

November 6, 2013 - Jubilee USA and American Jewish World Service hosted a congressional briefing on responsible lending and borrowing and vulture funds. Check out speeches from our esteemed panel and read the statements from Financial Services Committee Chairman Emeritus Spencer Bachus and Financial Services Committee Ranking Member Maxine Waters. Read more in our coverage in Inter Press Service.

Jubilee's views on vulture funds have been covered in thousands of outlets across the globe, including the Inter Press Service (8/27), the Associated Press (8/23), the Wall Street Journal (8/23), Washington Post (8/23), the Los Angeles Times (8/23), NBC, ABC, CBS, the National Catholic Reporter (8/23) and the Financial Times (6/27). Additionally, Eric published an Op-Ed in Yes! Magazine (4/22).

Winning a Fair Debt Deal for Grenada and other Caribbean Nations

October 11, 2013 - Jubilee is working to get a fair debt deal for Grenada that will benefit its citizens. Eric traveled to Grenada this year to participate in negotiations between the IMF, Grenada government, international experts and civil society representatives. Read the letter Jubilee's executive committee sent to IMF Head Christine Lagarde. Learn more about the issue through Eric LeCompte's Op Ed in Inter Press Service and the original statement by Grenada's Conference of Churches.

Fueled by recurring financial crises, corruption and loans made to Caribbean countries in the aftermath of natural disasters, several Caribbean nations are suffering debt crises that have deep impacts on the poorest people. Jubilee is supporting a new Jubilee Caribbean Debt Relief Network in order to cancel debt and set precedents that can impact millions of people living in extreme poverty around the globe. Learn more in Jubilee's blog post, Winning a Fair Debt Deal for Caribbean Nations.

Historic G8 Declaration

June 18, 2013 - G8 Summit leaders released a historic declaration that promotes corporate transparency and calls for and end to corporate tax avoidance. The G8 declaration notes that wealthy countries have a responsibility to ensure that multinational companies don't dodge taxes in poor countries. The G8 leaders also noted how important it is to stop corruption within oil and extractive industries.  Jubilee's Director, Eric LeCompte, is quoted in a lead story at CNN Money, in Andrew Sparrow's Guardian blog and in National Catholic Reporter.

Jubilee's one-on-one interview with National Canadian Public Television

Pope Francis and the Poor

April 11, 2013 - Jubilee's Director, Eric LeCompte was quoted on the election of the new Pope in the Washington Post, Boston Globe, Bloomberg and more than 20,000 other news outlets.  He was also interviewed by Canadian national television.

Senator Levin and Jubilee's Eric LeCompte discuss legislation to protect poor countries from corporate tax avoidance

Bipartisan Amendment on Corporate Offshore Tax Loopholes Passes

March 25, 2013 - Thanks to you, the bipartisan Levin(D)/Hatch(R) Amendment 708 passed the Senate Budget Resolution! The passage is part of a global movement to ensure that corporations are accountable to the most vulnerable. Read more in our press release  Jubilee's work brought Senator McCain to the table as well. Earlier in the year, Senator Levin introduced the Cut Unjustified Loopholes Act which preceded the budget action.

We Won Nearly $4 billion for the World's Poorest

September 28, 2012 - The Executive Board of the International Monetary Fund approved the final amount of nearly $4 billion from their windfall gold sale profits to support concessional lending to low-income nations through the Poverty Reduction and Growth Trust (PRGT) and extend a 0% interest rate that will make this trust available for future generations beyond 2014.  This momentous move has been two years in the making and we are very excited to see our work translating into real relief for some of the world's poorest people.  Read our press release.

Jubilee for Students

July 9, 2012 - The President signs the bipartisan legislation to promote college affordability and protect low-interest college loans through the Transportation Bill.  Jubilee applauds the bipartisanship in Congress and we thank the President for his leadership and Republicans and Democrats who reached across the aisle to make this happen.  Read Jubilee's statement on the vote to protect college students and their families. 

Months before, Jubilee was mobilizing supporters and engaging Congress Members to protect low-interest rates for students and minimize future debt burdens on students before time ran out on July 1st, 2012.  We sent a letter to Senators and had a weekend of prayer and action.  Over 40 Jubilee Congregations and faith communities prayed and acted for students.  Over 1,600 supporters sent letters to their Senators.  Find out more about the communities that participated in the weekend of action and prayer.  

Read about Jubilee's work around the college student loan issue in Yes! MagazineCatholic News Service and Eric's blog in Sojourners which talks about his visit to the White House to hear President Obama speak on student loans.  And read our blog.

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