Reuters and New York Times Quote Eric LeCompte on G7 Global Recovery

Reuters quotes Eric LeCompte on the G7's plans for a global economic recovery. Read an excerpt below, and click here for the full story.

U.S. tells G7 that it is back at the table to help with global recovery

By David Lawder, William Schomberg

U.S. Treasury Secretary Janet Yellen told her peers from the Group of Seven rich democracies that Washington was committed to multilateralism and “places a high priority on deepening our international engagement and strengthening our alliances.” As well as the United States and Britain, the G7 includes Japan, France, Germany, Italy and Canada.

Biden has proposed a further $1.9 trillion in spending and tax cuts on top of more than $4 trillion of coronavirus relief measures enacted by his predecessor Trump.

“Over the last year, the G7 has not even spoken about special drawing rights, so considering that was part of this agenda, it certainly is progress,” said Eric LeCompte, executive director of Jubilee USA Network, a charity group that focuses on reducing poverty. “In terms of getting to a strong global stimulus, SDRs have to be a part of the equation.”

Read the full article here.