Eric LeCompte, Executive Director of Jubilee USA was recently featured in IOL speaking on the G20 Leaders' Declaration and G20 Common Framework. Read the excerpt below and follow the link to full article.

G20 Summit in SA trumps detractors, puts poor countries’ issues at center of global discourse

By: Siphelele Dludla

"Eric LeCompte, executive director of the religious development group Jubilee USA Network, said the statement called for improving the Common Framework, the G20 process for countries seeking debt reductions.

“The fact that the Common Framework, in five years, provided debt treatment to only four countries that requested it, is a diplomatic way of stating its limitations, since we know 26 countries have been in debt crises since at least 2018,” LeCompte said.

“The declaration seems to indicate that the G20 would like the Common Framework to become a more bankruptcy-like process or comprehensive debt restructuring process. It's unprecedented for G20 leaders to call for inclusion of borrower countries to improve international debt policies.” 

Read more here.