Eric LeCompte, Executive Director of Jubilee USA was recently quoted by Devex Invested on the G20 Common Framework and the issue of debt ahead of the FfD4 in Seville, set to take place later this month. Read an excerpt below or the full article here. 

Devex Invested: What we’re watching at Financing for Development in Seville

By Jesse Chase-Lubitz

"Debt is expected to be the flashpoint issue in Seville. Today, many of the world’s poorest countries have few options for restructuring crippling debt burdens. The Group of 20 major economies’ Common Framework for Debt Treatments has helped just a handful of countries, and is increasingly criticized for delays, power imbalances, and a lack of trust.

Very few cases have successfully moved through the Common Framework. “Even though two-thirds of African countries, as well as low-income countries, are spending more on debt than on social services, education, and health combined, they continue to make payments because they don’t feel the framework will actually help them to quickly get out of the crisis,” Eric LeCompte, executive director of Jubilee USA Network, told me during a Devex Pro event last week."