Reuters Quotes Eric LeCompte on IMF Debt Relief
April 13, 2020
Reuters quoted Eric LeCompte on the IMF announcement of debt relief for poor countries affected by the coronavirus. The story was covered in thousands of outlets around the world, including PBS, Voice of America, MarketWatch and WTOP news. Read an excerpt below, and click here for the full story.
IMF to provide debt relief to help 25 countries deal with pandemic
Eric LeCompte, executive director of Jubilee USA Network, a non-profit group, said the grants would help the IMF’s poorest members, including the Central African Republic, which has only three critical-care unit beds for a population of 5 million.
“It’s a great start, but we need more donors to be able to offer this relief,” he said, adding that the IMF should also consider selling some of its gold reserves, now worth an estimated $140 billion, as was done in past crises.
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