Eric LeCompte was quoted in The Guardian on the International Monetary Fund's recent announcement finalizing the allocation of $650 billion in Special Drawing Rights. Read an excerpt below, and click here for the full article.
What they said about the IMF announcement
Following the news about the IMF’s allocation of $650billion in Special Drawing Rights - some campaigners are calling for rich nations to donate their share to poorer countries.
Eric LeCompte, executive director at Jubilee USA Network, a US religious development organization, said developing countries need more aid to get over the crisis prompted by the Covid-19 pandemic.
"Wealthy countries receive most of these emergency reserves and must donate them to developing countries."
Read more here.