Fox News, Houston Chronicle, San Francisco Chronicle and Associated Press feature Eric LeCompte on his United Nations COVID-19 Speech. Read more here.
UN urges help for countries near 'debt distress' from virus
By: Edith M. Lederer
Eric LeCompte, executive director of Jubilee USA Network, an alliance of more than 75 U.S. organizations and 700 faith communities working for debt relief, was sharply critical of the resistance of private creditors, commercial lenders and banks to participate in debt relief calls — despite calls by the G-20, International Monetary Fund, World Bank and United States.
“Because of the enormity of this crisis and the long-term challenges the markets could face, the fact that some private and commercial creditor blocks are not participating ... baffles the mind,” he told the virtual meeting.
LeCompte said the U.N. Security Council must act “given that this crisis could devastate all of us, poor countries and the markets.”
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