Associated Press Cites Eric LeCompte on the IMF's COVID Economic Recovery and Inflation Prediction

Associated Press cited Eric LeCompte in an article discussing the IMF's warning that rising inflation will harm economic recovery from the COVID pandemic. Read an excerpt below and the full article here.

IMF warns economy recovery threatened by virus, inflation

By Martin Crutsinger

Critics have cited the incident to support their contentions that China and other nations are seeking to exercise improper influence over the IMF, the World Bank and other international financial institutions.

Yellen said the IMF and the other organizations need to find ways to enhance the rights of whistleblowers.

“The United States will monitor developments closely and evaluate any new facts and findings should they become available,” Yellen said.

Anti-poverty groups on Thursday expressed disappointment that the IMF was not more specific on how the agency plans to boost vaccination rates and provide increased resources to fight climate change.

“Given how the pandemic is becoming worse in most of the world's countries, I'm concerned by the lack of action at the meetings on vaccine distribution, debt relief and general pandemic response,” Eric LeCompte, executive director of the religious development group Jubilee USA Network, said in a statement.

“It's baffling that we still don't have plans for the funding and distribution of vaccines to reach all developing countries,” LeCompte said.

Read more here.