Public Finance International highlights Jubilee USA's letter to the IMF regarding the island nations impacted by Hurricane Irma. Read excerpt below and follow link to full article.

Caribbean Island Debt ‘Should Be Suspended’ for Irma Recovery

By: Simone Rensch

"...Jubilee USA Network has sent letters to the IMF, World Bank, Congress and the White House to suspend debt payments to islands, such as Antigua and Barbuda, so they can use the money to recover.

'The island of Barbuda was hit hard and 1,400 people are homeless,' Jubilee USA Network executive director Eric LeCompte said a statement published last week.

'The country of Antigua and Barbuda and other severely impacted islands should stop paying debt until they rebuild and recover.'"

Read more here.

Eric LeCompte, Executive Director of Jubilee USA was recently featured in Caribbean 360 and Citizen's Report speaking on Hurricane Irma. Read excerpt below and follow link to full article.

IMF Debt Relief For Hurricane-Hit Barbuda Might Not Happen

By: Staff

"Barbuda, which was ravaged by Hurricane Irma a week ago, currently owes the IMF an estimated $3 million debt. Jubilee USA, an interfaith group, has written to the Fund’s Managing Director Christine Lagarde requesting that payment be put on hold until the island can recover.

'On behalf of Jubilee USA’s nearly 700 national and local faith institutions, we invite the IMF to implemented an immediate moratorium on debt repayments for countries severely impacted by the Category 5 storm until they have rebuilt and recovered,' President Eric LeCompte wrote."

Read more here.

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

Hurricane Irma: IMF is Resisting a Moratorium on Barbuda's Sovereign Debt Repayments

By: Ben Chu

"In a letter to the IMF managing director Christine Lagarde on 7 September the Jubilee USA network wrote: 'We invite the IMF to implement an immediate moratorium on debt payments for countries severely impacted by the Category 5 storm until they have rebuilt and recovered.' 

'For example, the nation of Antigua and Barbuda has almost $3m in debt payments due to the Fund today and a debt payment moratorium could immediately be put into rebuilding Barbuda where almost the entire population is homeless.'" 

Read more here.

Jubilee USA Network was recently featured in World News and Topix for their letter to the IMF regarding island nations impacted by Hurricane Irma. Read excerpt below and follow link to full article.

Jubilee USA: Antigua and Barbuda and Islands Dealing with Irma Should Stop Debt Payments

By: Staff

Read more here.

Eric LeCompte, Executive Director of Jubilee USA Network, was recently featured in Courthouse News and Mint Press News regarding Jubilee USA's letter to the IMF. Read excerpt below and follow link to full article.

IMF Doubles Down on Debt Demand for Storm-Torn Barbuda

By: Adam Klasfeld

"Jubilee USA, a U.S.-based interfaith group pushing for a merciful approach to countries crushed by debt, asked the IMF’s managing director Christine Lagarde to cease payment demands until the nation lifts itself out of crisis.

'On behalf of Jubilee USA’s nearly 700 national and local faith institutions, we invite the IMF to implement an immediate moratorium on debt payments for countries severely impacted by the Category 5 storm until they have rebuilt and recovered,' its president Eric LeCompte said in a letter to Lagarde on Thursday."

Read more here.

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

AMERICA/PUERTO RICO - Hurricane Irma Hits the Island of Puerto Rico

By: Staff

"...'We are concerned with how the debt crisis ‎affects Puerto Rico's ability to deal with the impacts of Hurricane Irma. Before Hurricane Irma, we saw cuts to social and emergency services. We are praying for all in the path of this hurricane.'"

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in the International Bar Association speaking on Latin America. Read excerpt below and follow link to full article.

Latin America and the Money Men

By: Yola Verbruggen

"Eric LeCompte, Executive Director of the Jubilee USA Network, a non-profit financial reform organisation based in Washington, DC, sees the law as a victory for defaulting countries. ‘The Puerto Rico case is very significant as it shows a legal framework for a comprehensive bankruptcy process is possible. More importantly, the Puerto Rico legislation retroactively binds all creditors and prior bond contracts into one process. The Puerto Rico case shows that a framework for sovereign bankruptcy is possible. The case also shows that it is possible to prevent holdout and predatory behaviour. The Puerto Rico process is a model for future bankruptcy processes,’ he says."

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

Puerto Rico’s archbishop asks Congress for relief over debt crisis

By: Staff

"According to the Jubilee USA Network, which promotes debt relief around the world, a higher proportion of Puerto Rico’s population relies on Medicaid than in the 50 U.S. States.

'Disparity in coverage drives doctors and residents to move from the island to one of the states,' wrote Eric LeCompte, the Jubilee USA Network’s executive director, in a July 26 letter to Congress."

Read more here.

Eric LeCompte, Executive Director of Jubilee USA was recently featured in the Millennial Journal speaking on Jubilee USA's work. Read excerpt below and follow link to full article.

Building an Economy that Serves and Uplifts the Vulnerable: An Interview with Eric LeCompte

By: Robert Christian

"What are some of the accomplishments that Jubilee USA has achieved?

'We’ve won more than $130 billion in debt relief for the world’s poorest economies. Because of the US and global agreements we’ve won, that $130 billion is invested in schools, hospitals, and other social infrastructure. In Sub Saharan Africa alone, 54 million kids have gone to‎ school who never would have seen the inside of a classroom. Recently, Jim Yong Kim, the World Bank President, cited Jubilee’s efforts as the reason for economic growth in parts of Africa.'"

Read more here. 

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

Jubilee USA Director Hails Inclusion of Dispute Settlement Mechanisms

By: Staff

"Eric LeCompte, Executive Director of the religious development group Jubilee USA, in a statement hailed the inclusion of dispute settlement mechanisms in the new trade negotiation goals.

'Trade agreements can be powerful tools for reducing global poverty and the new negotiating objectives recognise the need for trade to promote global development,' the statement said."

Read more here.