Eric LeCompte's Thoughts on New IMF Director in AFP

The Agence France-Presse cites Eric LeCompte thoughts on Kristalina Georgieva's new role as IMF head. Read an excerpt below, and click here for the full story.

Kristalina Georgieva named IMF managing director

Jubilee USA, a faith-based debt-relief organization, hailed Georgieva's selection.

"Under Georgieva's leadership, we will see emphasis on gender inequality, environmental issues and the need for more resources to be directed to the developing world," Eric LeCompte, Jubilee USA's executive director, said in a statement.

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Jubilee USA Featured in the Guardian

The Guardian mentions the Jubilee movement in an article on Kristalina Georgieva's selection as new IMF Managing Director. Read an excerpt below, and click here for the full story.

Georgieva’s brave new agenda at IMF threatened by economic storm clouds

If the IMF is to tackle inequality, Georgieva will need to turn the steering wheel almost as hard as she must on the environment. For some time the IMF has come under fire for only helping countries hit by natural disasters with loans they can ill-afford to pay back. The charity Jubilee Debt 2000, which campaigns against austerity and in favour of debt forgiveness for poor countries, says Georgieva should review IMF support for countries devastated by typhoons, tsunami’s and earthquakes.
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Brietbart Quotes Eric LeCompte on New IMF Chief

Brietbart cites Eric LeCompte on Kristalina Georgieva's appointment as IMF chief. Read an excerpt below, and click here for the full story.

Kristalina Georgieva named IMF managing director

Jubilee USA, a faith-based debt-relief organization, hailed Georgieva’s selection.

“Under Georgieva’s leadership, we will see emphasis on gender inequality, environmental issues and the need for more resources to be directed to the developing world,” Eric LeCompte, Jubilee USA’s executive director, said in a statement.

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Eric LeCompte's analysis on "Mauritius Leaks," shared in National Catholic Reporter

Jubilee USA Executive Director was cited by the National Catholic Reporter on Pope Francis's visit to Mauritius. Read an excerpt below, and click here for the full story.

Pope urges Mauritius, island tax haven, to reject 'idolatrous economic model'

Eric LeCompte, the leader of Jubilee USA, a network of religious and development groups that argue for international debt relief, cited figures showing that sixty percent of the people of Mauritius see corruption as on the rise in their country. He called the island nation "the premier tax haven in the region draining revenue from many poor countries in Africa."

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National Catholic Reporter Quotes Eric LeCompte on Pope's Africa Agenda

National Catholic Reporter cites Eric LeCompte on Pope's Mozambique visit and debt scandal. Read an excerpt below, and click here for the full story.

Francis suggests officials in Mozambique are corrupted by foreign aid

Eric LeCompte, the leader of Jubilee USA, a network of religious and development groups that argue for international debt relief, praised the pope's choice to visit the three countries. He said each have been dealing with separate corruption scandals.

"Pope Francis is extremely concerned with the cost of corruption on the poor," LeCompte told NCR.

"In Laudato Si', Pope Francis also calls foreign debt a tool of rich countries to control poor countries," he said, citing the pontiff's 2015 encyclical letter. "Mozambique and Madagascar are examples of this as they struggle with debt crises … natural resource theft and high poverty rates."

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Eric LeCompte Speaks with American Prospect on Puerto Rico

Jubilee USA Executive Director speaks with American Prospect on Puerto Rico's ongoing debt crisis and the island's political status. Read an excerpt below, and click here for the full story. 

Ricky Se Fue—Y Ahora Qué? A Mobilized Puerto Rico Battles Increased Federal Control

“Will we see rage turn into real action?” asks Eric LeCompte, executive director of Jubilee USA, a network of community and faith-based organizations that work on debt, tax, and trade issues. “For Puerto Rico to have a real future, there needs to be a process where questions around its colonial status need to be resolved. Whether it’s a hurricane, or debt crisis—because of their colonial political status, they don’t have the tools to resolve problems they face by themselves.”

When PROMESA was created in 2016, the Obama administration agreed to appoint three Democrats and four Republicans to the board. In the fall, the Trump administration will decide whether to appoint new members to the federal oversight board or keep the existing group. According to LeCompte, creditors at vulture funds see the prospect of new appointments as an opening for extracting more funds from the beleaguered island.

“Creditors are doing everything they can to destroy the bankruptcy process,” says LeCompte.

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National Catholic Reporter Invites Eric LeCompte to Pen Commentary on Puerto Rico

Eric LeCompte writes on Puerto Rico issues of corruption, debt, disasters, child poverty, economic growth and renewable energy. Read an excerpt below, and click here for the full article. 

Gov. Rosselló is out, but much more is needed to better Puerto Ricans' lives

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Eric LeCompte Cited in Quartz on Newly Revealed $14.8 Million Tax Evasion

Eric LeCompte was quoted by Quartz on U.S. multinational airline company Aircastle Ltd. avoiding $14.8 million in state taxes owed to the nation of South Africa. Read an excerpt below, and click here for the full story. 

A US multinational avoided South African taxes worth twice Johannesburg’s social housing budget

“While much of this behavior is legal, it is immoral,” Eric LeCompte, executive director of faith-based anti-poverty group Jubilee USA, said in a statement. “Developing countries are losing vital monies to fight poverty and build infrastructure because of this behavior that avoids paying taxes.”

Poorer countries lose up to $100 billion each year thanks to tax agreements with offshore jurisdictions like Mauritius, according to UN research. Fixing this imbalance, LeCompte said, is the only way for these nations to meet the Sustainable Development Goals set by the UN in 2015, which established a series of economic and social benchmarks to be attained by 2030. On a broader scale, the Tax Justice Network, a research and advocacy group, estimates that multinationals shifting profits to tax havens costs the world’s governments more than $500 billion per year, with poorer countries losing the most as a percentage of GDP.

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The Alabama Political Reporter Features Jubilee USA's Puerto Rico Efforts

The Alabama Political Reporter quoted Executive Director Eric LeCompte following a joint press conference in San Juan, Puerto Rico yesterday. LeCompte and several religious leaders from the island released a statement addressing recent developments in the resolution of Puerto Rico’s crushing debt, specifically, a newly released deal to protect government pensions from being cut as a result of the efforts. Read an excerpt below, and click here for the full story.

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