Eric LeCompte, Executive Director of Jubilee USA, was recently quoted in The Nation speaking on the International Monetary Fund's projections for Nigeria and the world economy. Read excerpt below and follow link to full article.
Nigeria’s growth not enough to create jobs, says IMF
“We are concerned about the downturn in economic growth,” noted Jubilee USA Executive Director Eric LeCompte. As a finance expert, LeCompte has tracked IMF meetings for nearly 10 years and is attending the meetings in Bali. “The report reminds us that inequality remains a serious problem and we still are not safe from financial crisis” he warned.
“We are seeing a growing debt crisis in many developing economies,” stated LeCompte who also serves on United Nation expert groups that focuses on economic issues. “At the same time, we see risky and speculative behavior on the rise. We know that risky behavior and unsustainable debt is a recipe for financial crisis.”
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