Eric LeCompte was quoted in the Khaleej Times on the World Bank's largest-ever crisis response of $157 billion to help fight COVID-19. Read an excerpt below, and click here for the full story.
World Bank Group deploys over $157b to fight Covid
By Issac John
The World Bank Group has deployed over $157 billion — its largest-ever crisis response yet — to fight the impact of the Covid-19 pandemic on health, economic and social fronts during the past 15 months.
This “unprecedented level of support” represents an increase of more than 60 percent over the 15-month period prior to the pandemic, the bank said on Monday.
Eric LeCompte, Executive Director of the religious-affiliated development group Jubilee USA Network, said that the IMF action would allow developing countries to immediately receive more than $200 billion in support.
“Wealthy countries who receive emergency reserves they don’t need should transfer those resources to developing countries struggling through the pandemic,” LeCompte said.
Read more here.