Honduran newspaper El Heraldo quotes Eric LeCompte on SDRs allocation

Honduran newspaper El Heraldo quoted Eric LeCompte in an article discussing $300 million on SDRs allocated to Honduras. Read an excerpt below and the full article here.

$300 million will favor Honduras 

By Roldán Duarte Maradiaga 

The International Monetary Fund (IMF) will carry out a global issuance of Special Drawing Rights (SDR), in favor of its members, for an amount of US $ 650,000 million, “destined to underpin the global economic recovery and help the nations that must face gigantic levels of debt”. That amount is expected to be distributed according to the quotas of each country.

Eric LeCompte, executive director of Jubilee USA Network, believes that the measure adopted by the IMF "will not be enough." He believes that: "Rich countries that receive emergency reserves that they do not need, should transfer those resources to developing countries that are fighting the pandemic." In this case, we must await the reaction of the advanced countries."

Read more here.