Devex features Jubilee USA Network's historic meeting with Treasury Secretary Janet Yellen on the global economic response to the pandemic and international debt. Read an excerpt below, and click here for the full story.

US Treasury secretary meets with faith leaders about debt, COVID-19

By Adva Saldinger

U.S. Treasury Secretary Janet Yellen met with U.S. faith leaders Tuesday to discuss the global economic response to the pandemic, debt relief, and financing efforts to address climate change.

It was a “historic meeting,” said Eric LeCompte, executive director at Jubilee USA, who spoke at and helped organize the meeting. “I don’t know of a time a treasury secretary sat down with some of the highest religious leaders in the U.S.”

Yellen “made clear the Biden Administration’s commitment to reducing global poverty,” and said low-income countries will need continued support to respond to the pandemic, according to a readout of the meeting from the Treasury Department. The Treasury Department is committed to working with international partners to address the crisis, including the implementation of existing debt relief efforts including the G-20 Debt Service Suspension Initiative and Common Framework for debt treatments, according to the readout.

 

 

Read the full article here.