Jubilee USA Network SUPPORT US
HOME ABOUT US CONTACT BLOG
Building an economy that serves, protects and promotes participation of the most vulnerable Sign-up for our e-Newsletters
TRUTH ABOUT DEBT GET ACTIVE RESOURCES PRESS
<  IMF Takes Two Steps Forward and One Step Back on Haiti
20.08.2010 12:05 Age: 4 yrs
Category: Press Releases

New Debt for Disaster for Pakistan?

Jubilee USA Network Calls for Immediate Debt Service Moratorium in Response to Disaster, Assistance in Grant Form


FOR IMMEDIATE RELEASE
August 20, 2010
www.jubileeusa.org

Contact: Melinda St. Louis, Deputy Director, 202-441-7579







As part of a comprehensive relief and recovery plan, the Administration should:



The US should use its substantial voting power and influence on the Boards of both the IMF, World Bank, and Asian Development Bank to secure a moratorium from these creditors, secure immediate agreements by all bilateral creditors to halt debt service payments, as well as negotiate definitive debt cancellation.  All of Pakistan's resources should be directed at recovery, not repayment.





3.  Lead efforts to establish up-front funding for climate change-related disaster preparation. With early warning systems, risk analysis, and preparation, Pakistan could have dramatically reduced the damage caused. The United States and other historically high greenhouse gas emitting countries must take responsibility for their climate debt to those who are least responsible for, and most vulnerable to, climate change.

###


Jubilee USA Network is an alliance of over 75 religious denominations, development agencies, human rights, and other organizations building the political will for poor country debt cancellation and more responsible global finance to fight poverty.


To top

Recursos en Español Site map Site policy
Copyright © 2007 Jubilee USA Network        coord@jubileeusa.org        202-783-3566 tel         Nonprofit Web Design