Eric LeCompte, Executive Director of Jubilee USA was recently featured in Public Finance International speaking on debt and interest rates. Read excerpt below and follow link to full article.
Fed Increases Interest Rates as US Economy Gains Momentum
By: Emma Rumney
"Eric LeCompte, executive director of Jubilee USA, which advocates for a fairer financial system for developing countries, said: 'Over the last few years, poor countries took out more loans from wealthy countries because interest rates were so low.
'As the Fed raises rates and the dollar becomes stronger, many poor countries will see debt payments going up. Too many poor countries are still struggling to recover after the global financial crisis and I’m worried about their increasing debt burdens.'"
Read more here.