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< November/December 2009
17.12.2009 08:52 Age: 4 yrs
Category: Press Releases

Global Development Advocates Welcome Introduction of Jubilee Act by Bi-Partisan Group in US House of Representatives

Jubilee Act for Responsible Lending and Expanded Debt Cancellation Would Expand Debt Relief for Poor Countries, Reform International Financial Institutions


Jubilee USA Network

www.jubileeusa.org

FOR IMMEDIATE RELEASE

December 17, 2009

Contact: Hayley Hathaway, Communications Coordinator, 202-783-3566 x100
Melinda St. Louis, Deputy Director, 202-783-0215

The legislation calls the US Treasury Department to negotiate a multilateral agreement for debt cancellation for up to 22 additional poor countries that need cancellation to meet the Millennium Development Goals (MDGs). In addition to authorizing broader debt cancellation, the bill seeks to reform current IMF/World Bank policies and other global lending practices by:

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