The Nation featured Eric LeCompte's thoughts and a joint letter from Jubilee USA and the US Conference of Catholic Bishops to President Trump urging the Administration to use debt relief as a response to the coronavirus crisis for the poorest countries. Read an excerpt below, and click here for the full story.
A ‘Jubilee’ Cancellation of Debt Is Vital to Fighting the Coronavirus
In an urgent April 8 letter to President Trump, LeCompte, and Bishop David J. Malloy, the chair of the Committee on International Justice and Peace for the US Conference of Catholic Bishops, pleaded with the president to put the United States on the right side of this fight when the G20 nations consult over the next week:
As the G20 considers a suspension of debt payments from the 76 poorest countries in the world, the United States can lead the world, again, in calling on wealthy countries, the G20, the IMF and World Bank, to suspend debt payments for developing countries. Suspending debt payments, with no interest, can immediately allow countries to access funds to bolster their health systems and support needed stimulus packages in the developing world—allowing these countries to provide for their own health safety and security.