African Business Review Talks with Eric LeCompte about Mozambique

Eric LeCompte, Executive Director of Jubilee USA was recently featured in African Business Review speaking on Mozambique. Read excerpt below and follow link to full article.

Mozambican President to Meet With IMF; What Will the Outcome Be?

By: Wedaeli Chibelushi

"Public budget transparency and responsible lending and borrowing are critical for protecting vulnerable communities. Transparency and accountability ensure that loan money is used to invest in communities that need that investment and that the public has a voice in how its government spends public dollars. What happens in Mozambique could set important precedents for how debt is audited and how governments are held accountable when it comes to spending borrowed funds. We pray that vulnerable communities are not affected by the sins of its government and creditors."

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Reuters Interviews Eric LeCompte on Mozambique

Eric LeCompte, Executive Director of Jubilee USA was recently featured in Reuters speaking on Mozambique. Read excerpt below and follow link to full article.

IMF Says Mozambique President to Cooperate on Debt Audit

By: David Lawder

"Eric LeCompte, director of Jubilee USA Network, a Washington-based non-profit group that advocates for the world’s poorest people, said he hoped that a balance could be struck between the need for increased transparency of Mozambique’s finances, and the need to restore aid to the country.

'We have to ensure that those who did nothing to create the crisis are not the most impacted by the crisis,' LeCompte told Reuters."

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The Washington Post Talks with Eric LeCompte About Puerto Rico

Eric LeCompte, Executive Director of Jubilee USA was recently featured in The Washington Post speaking on Puerto Rico. Read excerpt below and follow link to full article.

Puerto Rico Rescue Bill Clears Congress Days Before Debt Cliff

By: Mike DeBonis and Steven Mufson

"'There can be no economic growth in Puerto Rico until the debt is restructured, so the legislation is an absolutely essential first step,' said Eric LeCompte, executive director of Jubilee USA, a network of mainly religious advocacy groups focused on global debt relief. 'But I think in terms of the real issues facing the island, we are just getting to the end of the beginning. This is not the beginning of the end.'

In the near term, LeCompte said, the appointments to the oversight board will have significant bearing on Puerto Rico’s path forward. Over the longer term, the island faces bigger questions about how it can reverse its economic decline and whether to revisit its status as a U.S. territory."

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Jubilee USA Noted in The Hill

Eric LeCompte, Executive Director of Jubilee USA was recently noted in The Hill. Read excerpt below and follow link to full article. 

Congress Can Solve Puerto Rico's Debt Crisis, but Colonial Status Remains a Problem

By: Archbishop Roberto Gonzalez Nieves

"My people are forever in debt to Jubilee USA Network, the religious organization that stood with us when no one else was watching and who built the bipartisan support to pass legislation that can help resolve this crisis."

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The Guardian Interviews Eric LeCompte on Puerto Rican Debt Crisis

Eric LeCompte, Executive Director of Jubilee USA was recently featured in The Guardian speaking on Puerto Rico. Read excerpt below and follow link to full article.

Treasury Secretary Urges Senate to Pass Puerto Rico Bill Before Next Debt Default

By: Jana Kasperkevic 

“'If legislation doesn’t pass before 1 July, we are opening the door for vulture funds to exploit Puerto Rico,' noted Eric LeCompte, a United Nations debt expert and the executive director of the religious development coalition Jubilee USA. 'Up to now we’ve seen very little predatory behavior, but if Puerto Rico defaults without protections, the vultures will swoop in.'” 

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Politico Cites Jubilee USA's Work on Puerto Rico Debt Relief Bill

Jubilee USA was recently cited in Politico for their work on the Puerto Rico debt relief bill. Read excerpt below and follow link to full article.

Brexit Vote Weighs on the Fed

By: Colin Wilhelm

 "Jubilee USA holds a Hill briefing on the Puerto Rico debt-relief bill at 1:30 p.m. (Rep. Sean Duffy (R-Wis.) and Rep. Pedro Pierluisi, Puerto Rico’s nonvoting delegate, were expected to join Rev. Enrique Camacho and Jubilee Executive Director Eric LeCompte.)" 

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Bloomberg Cites Eric LeCompte on Puerto Rico Debt Relief

Eric LeCompte, Executive Director of Jubilee USA was recently cited in Bloomberg speaking on Puerto Rico. Read excerpt below and follow link to full article.

Puerto Rico Loses High Court Bid to Restructure Debt

By: Diane Davis

“'The only immediate options we have to deal with Puerto Rico's financial crisis is Congressional action or direct negotiations between the island's government and creditors,' Eric LeCompte, executive director of the religious development coalition Jubilee USA, said June 13 in a statement.

'This decision demonstrates how important it is that the Senate passes Puerto Rico debt legislation as soon as possible. The longer it takes to reach a solution, the worse it gets for Puerto Rico's people,' LeCompte said."

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The Hill Talks with Eric LeCompte about Puerto Rico

Eric LeCompte, Executive Director of Jubilee USA was recently cited in The Hill speaking on Puerto Rico. Read excerpt below and follow link to full article.

Supreme Court Rules Puerto Rico Can't Restructure Debt

By: Lydia Wheeler

“'I think what the decision makes clear is the only real option on the table right now is congressional action,' said Eric LeCompte, executive director of Jubilee USA. 'Now that the House has passed legislation, it’s incumbent on the Senate to pass its version of the legislation.'

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Huffington Post Cites Eric LeCompte on Puerto Rico Bill

Eric LeCompte, Executive Director of Jubilee USA was recently cited in Huffington Post speaking on the Puerto Rico debt relief bill. Read excerpt below and follow link to full article.

Supreme Court Says No, Puerto Rico Can’t Fix A Big Hole In Bankruptcy Law

By: Daniel Marans

"'This decision demonstrates how important it is that the Senate passes Puerto Rico debt legislation as soon as possible,' Eric LeCompte, executive director of Jubilee USA, a religious anti-poverty organization, said in a statement."

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NBC Latino Interviews Eric LeCompte on Puerto Rico

Eric LeCompte, Executive Director of Jubilee USA was recently featured on NBC Latino speaking on Puerto Rico. Read excerpt below and follow link to full article.

Debt Bill Pays Some Attention to Puerto Rico's High Child Poverty Rate

By: Suzanne Gamboa

"In an interview with NBC Latino before the bill’s passage, LeCompte said it was key to first put in place the tools needed to put Puerto Rico on a path to fiscal stability and to get started on its debt restructuring. The restructuring would help stave off further austerity measures that have been taken as the fiscal crisis has worsened, because that has created tougher conditions for children already living in poverty."

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