Eric LeCompte, Executive Director of Jubilee USA was recently featured in Reuters speaking on IMF chief Kristalina Georgieva's curtain raiser speech and the renewed push for preemptive debt restructurings, ahead of the Spring 2025 IMF and World Bank meetings. Read an excerpt below, or the full article here. 

IMF chief hails new playbook to help countries navigate sovereign debt processes

By: Andrea Shalal

"Eric LeCompte, executive director of Jubilee USA Network, a coalition of religious, development and advocacy groups, welcomed Georgieva's renewed push for preemptive debt restructurings before countries got into deeper trouble.

He said the tsunami of tariffs imposed by the U.S. that were met with countermeasures from other countries, along with prospects for rising inflation, continued high debt levels and downgraded growth prospects threatened to hit middle-income countries particularly hard and could worsen debt issues.

He said debt experts were particularly worried about countries in Sub-Saharan Africa and parts of Asia, but even countries like South Africa, India and the Philippines faced challenges given their exposure to tariffs."

Read more here.