Politico Talks with Jubilee USA's Eric LeCompte on Debt Relief for Puerto Rico, Dominica and Hurricane-Hit Islands‎

Eric LeCompte, Executive Director of Jubilee USA was recently in Politico speaking on debt relief for islands affected by the recent hurricanes. Read excerpt below and follow link to full article.

Storm-battered Puerto Rico looks to Washington for help

By: Colin Wilhelm

"Eric LeCompte, executive director of Jubilee USA, a religious-affiliated organization that lobbied on behalf of debt restructuring for Puerto Rico last year, said his group would push for the Virgin Islands to be treated as Puerto Rico was in disaster relief legislation.

'Congress is going to have to step in in some new ways,' said LeCompte. 'At this point, no one’s going to get paid anyways.'

Jubilee, which has ties to about 650 faith-based groups and organizations, would also push for the U.S. to lead the charge on a temporary debt moratorium on money owed to the International Monetary Fund by non-U.S. Caribbean islands affected by the storms. The U.S. holds more votes than any other country in the IMF.

'We’re just looking at delaying payments for six months to a year,' during the disaster recovery, LeCompte said." 

Read more here.