Buenos Aires Times, Pagina12 Cover Eric LeCompte Argentina Debt Plan Support

Pagina12 and the Buenos Aires Times covered Eric LeCompte and other top economist's support of the newly proposed Argentina debt plan. Read an excerpt below, and click here and here for the full stories.

High-profile economists back Argentina's debt restructuring bid

The full name of signatories: Jeffrey D. Sachs, Columbia University; Dani Rodrik, Harvard Kennedy School; Thomas Piketty, School for Advanced Studies in the Social Sciences; Mariana Mazzucato, University College London; Kenneth Rogoff, former IMF chief economist and Harvard University; Brad Setser, Council on Foreign Relations; Ricardo Hausmann, former IADB Chief Economist and Harvard Kennedy School; Carlos Ominami, former Economy Minister, Chile; Yu Yongding, former member of the Monetary Policy Committee, People’s Bank of China; Erik Berglof, former EBRD chief economist and London School of Economics; Nora Lustig, Tulane University; Nelson Barbosa, former Minister of Finance and Planning; Justin Yifu Lin, former World Bank chief economist and Peking University; Partha Dasgupta, University of Cambridge; Kevin P. Gallagher, Boston University; Stephany Griffith-Jones, Columbia University; Stephanie Blankenburg, UNCTAD; Richard Kozul-Wright, UNCTAD; Ricardo French Davis, University of Chile; James K. Galbraith, University of Texas; Jean-Paul Fitoussi, Sciences Po; Amar Bhattacharya, Brookings Institution; Robert Boyer, National Scientific Research Council; Robert Pollin, University of Massachusetts-Amherst; Robert Howse, NYU Law; Giovanni Dosi, Scuola Superiore Sant’Anna; Juan Carlos Moreno Brid, National Autonomous University of Mexico; Josh Bivens, Economic Policy Institute; Arjun Jayadev, Azim Premji University; David Soskice, London School of Economics; Jayati Ghosh, Professor of Economics, Jawaharlal Nehru University; Mauro Gallegati, Università Politecnica Delle Marche; Natalya Naqvi, London School of Economics; Daniela Gabor, UWE Bristol; Marcus Miller, University of Warwick; John E. Roemer, Yale University; William H. Janeway, University of Cambridge; Dean Baker, Center for Economic and Policy Research and University of Utah; Gerald Epstein, University of Massachusetts-Amherst; Anwar Shaikh, New School University; Kaushik Basu, Cornell University; Matias Vernengo, Bucknell University; Philippe Aghion, London School of Economics; Anne Laure Delatte, Centre d’Etudes Prospectives et d’Informations Internationales; Sudhir Anand, London School of Economics; Christoph Trebesch, University of Kiel; John Weeks, University of London; David Vines, University of Oxford; Saskia Sassen, Columbia University; Sandra Polaski, Boston University; Thomas Pogge, Yale University; Rhys Jenkins, University of East Anglia; Jurgen Kaiser, Jubilee Germany; Gary A. Dymski, University of Leeds; Andreas Antoniades, University of Sussex; Raphael Kaplinsky, University of Sussex; Diane Elson, University of Essex; Ernst Stetter, former secretary general, Foundation for European Progressive Studies; Ozlem Onaran, University of Greenwich; Todd Howland, Office of the United Nations High Commissioner for Human Rights; Isabel Ortiz, Columbia University; Carolina Alves, University of Cambridge; Eric LeCompte, Jubilee USA Network; Richard Jolly, University of Sussex; Christoph Trebesch, University of Kiel; Diego Sanchez-Ancochea, University of Oxford; Mark Weisbrot, Center for Economic and Policy Research; Lara Merling, International Trade Union Confederation; Pedro Mendes Loureiro, University of Cambridge; Ilene Grabel, University of Denver; Sabri Öncü, CAFRAL; David Hall, University of Greenwich; Jose Esteban Castro, Newcastle University; Andy McKay, University of Sussex; Stefano Prato, Society for International Development; Rosemary Thorp, University of Oxford; Barry Herman, The New School for Public Engagement; Andres Aruaz, former Minister of Knowledge and Central Bank General Director, Ecuador; Manuel Alcántara, University of Salamanca; Alex Izurieta, UNCTAD; Michael Cichon, UNU Maastricht; Biswajit Dhar, Jawaharlal Nehru University; Jens Martens, Global Policy Forum; Nicolas Pons-Vignon, University of the Witwatersrand; Jean Saldanha, European Network on Debt and Development (Eurodad); Leonidas Vatikiotis, Debtfree Project; Valpy FitzGerald, University of Oxford; Giovanni Andrea Cornia, University of Florence; Matthias Thiemann, Sciences Po; Yılmaz Akyüz, former chief economist, South Centre, Geneva; Stephan Schulmeister, University of Vienna; Eduardo Strachman, São Paulo State University; Peter Dorman, Evergreen State College; C.P. Chandrasekhar, Jawaharlal Nehru University; Leopoldo Rodriguez, Portland State University; Chris Tilly, University of California Los Angeles; Tracy Mott, University of Denver; Jeffrey Madrick, Schwartz Rediscovering Government Initiative; Günseli Berik, University of Utah; Joseph Ricciardi, Babson College; Lorenzo Pellegrini, Erasmus University Rotterdam; Erinc Yeldan, Bilkent University; Sunil Ashra, Management Development Institute; Mustafa Özer, Anadolu University, Turkey; Rolph van der Hoeven, Erasmus University Rotterdam; Al Campbell, University of Utah; Antonella Palumbo, Università Roma Tre; Arthur MacEwan, University of Massachusetts Boston; Neva Goodwin, Tufts University; Korkut Boratav, Turkish Social Science Association; Michael Ash, University of Massachusetts-Amherst; Alicia Puyana, Facultad Latinoamericana de Ciencias Sociales, Mexico; John Willoughby, American University; Marco Palacios, El Colegio de Mexico; Reza Mazhari, Gonbad Gavous University, Iran; Ann Markusen, University of Minnesota; Renee Prendergast, Queens University; Michael Moore, University of Warwick; Carlos A. Carrasco, Universidad de Monterrey, Mexico; Robert Lynch, Washington College; John Schmitt, Economic Policy Institute; Venkatesh Athreya, Bharathidasan University; Jeff Faux, Economic Policy Institute; Kunibert Raffer, University of Vienna; Jenik Radon, Columbia University; Maria Joao Rodrigues, Foundation for European Progressive Studies; Stephanie Seguino, University of Vermont; Gustavo Indart, University of Toronto; Cyrus Bina, University of Minnesota; Alberto Minujin, The New School; Philip Alston, NYU; Sudhir Anand, London School of Economics; José Gabriel Palma, Cambridge University; Michael A. Cohen, The New School; Jeff Powell, University of Greenwich; and Rob Johnson, President, INET.  

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SwissInfo Quotes Eric LeCompte on Emergency IMF Ecuador Credit

SwissInfo quotes Eric LeCompte on the IMF's emergency Ecuador credit for COVID-19 mitigation efforts. Read an excerpt below, and click here for the full story.

FMI da crédito de emergencia a Ecuador azotado por Covid y bajos precios del crudo

Eric LeCompte de la organización Jubilee USA Network señaló que "debido a las altas deudas y a las políticas de austeridad, países como Ecuador, no pueden dar servicios de salud básicos para afrontar el coronavirus".

"Y mucho menos para ayudar a su pueblo a sobrevivir este desastre económico", sentenció LeCompte en un comunicado.


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Rome News-Tribune Quotes Eric LeCompte on Global Financial Crisis

The Rome News-Tribune featured Eric LeCompte's thoughts on the COVID-19 global recession and the potential impact on Latin America and Caribbean. Read an excerpt below, and click here for the full story.

Coronavirus could push Latin America, Caribbean into deepest recession since 1930s

But the only country in the region that might benefit from that measure is Haiti, said Eric LeCompte, a United Nations finance expert and director of the Jubilee USA Network, a religious development group that has been a longtime advocate for debt forgiveness.

“Many of the Latin American and Caribbean countries don’t qualify for any type of debt relief measure because they are considered too wealthy,” LeCompte said. “We’d like to see it extended to Ecuador, Bolivia, Grenada, Jamaica and other countries that could benefit from a debt standstill but need even more relief.”

And even what might be offered to Haiti isn’t enough, donors said, given the nation’s fragile economic state. During a recent emergency meeting of the CARICOM bloc of Caribbean countries, leaders agreed to lobby the G20 and international finance institutions for full-fledged debt write-offs and emergency funding for the rest of the Caribbean.

Also this month, the International Monetary Fund began offering below-market-rate emergency loans that might allow some countries to bolster health services or provide U.S.-style stimulus packages to keep workers employed. For many nations it’s simply piling debt on top of unsustainable debt, LeCompte said, but “it’s better than nothing.”

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Eric LeCompte Interviewed by Miami Herald on Latin America, Caribbean Debt

The Miami Herald interviewed Eric LeCompte on coronavirus impacts on the economy in Latin America and the Caribbean. Read an excerpt below, and click here for the full story. 

Coronavirus could push Latin America, Caribbean into deepest recession since 1930s

But the only country in the region that might benefit from that measure is Haiti, said Eric LeCompte, a United Nations finance expert and director of the Jubilee USA Network, a religious development group that has been a longtime advocate for debt forgiveness.

“Many of the Latin American and Caribbean countries don’t qualify for any type of debt relief measure because they are considered too wealthy,” LeCompte said. “We’d like to see it extended to Ecuador, Bolivia, Grenada, Jamaica and other countries that could benefit from a debt standstill but need even more relief.”

And even what might be offered to Haiti isn’t enough, donors said, given the nation’s fragile economic state. During a recent emergency meeting of the CARICOM bloc of Caribbean countries, leaders agreed to lobby the G20 and international finance institutions for full-fledged debt write-offs and emergency funding for the rest of the Caribbean.

Also this month, the International Monetary Fund began offering below-market-rate emergency loans that might allow some countries to bolster health services or provide U.S.-style stimulus packages to keep workers employed. For many nations it’s simply piling debt on top of unsustainable debt, LeCompte said, but “it’s better than nothing.”

 

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The New York Times, Fox, ABC, Associated Press Quote Eric LeCompte on IMF Debt Relief

The New York Times, Fox News, ABC and the Associated Press featured Eric LeCompte's remarks on IMF debt relief. Read an excerpt below, and click here for the full story. 

IMF, World Bank Pledge Help Amid Calls for More Debt Relief

Eric LeCompte, executive director of Jubilee USA, a religious development organization, said it is still a good signal that the closing communique directed the lending organizations to explore providing debt relief to a larger group of nations.
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Eric Interviewed by Devex on G20, IMF Debt Relief

Devex interviewed Eric LeCompte on the IMF and G20's use of debt relief as a response to COVID-19 and the global recession. Read an excerpt below, and click here for the full story.

G20, IMF deliver on debt relief, but more is needed, experts say

Debt relief frees up money immediately, allowing governments to use funds that had been reserved for debt repayment to address urgent needs and work to shore up their economies, said Eric LeCompte, the executive director of the Jubilee USA Network.

"While we see progress, we still need to answer a lot of questions. What about other developing countries and emerging markets who need relief? How will a process move forward to cut debt when debt is unsustainable for countries?" he said.

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Fox News, the New York Times, Associated Press Cite Eric LeCompte on Global Financial Crisis, IMF

The New York Times featured Eric LeCompte's thoughts on the IMF and it's response to COVID-19 and the global recession. Fox News, the Associated Press and thousands of other news outlets included Eric's thoughts in their stories. Read an excerpt below, and click here for the full story.

IMF, World Bank Pledge Help Amid Calls for More Debt Relief

Eric LeCompte, executive director of Jubilee USA, a religious development organization, said it is still a good signal that the closing communique directed the lending organizations to explore providing debt relief to a larger group of nations.

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Thomson Reuters Covers G20 Debt Freeze, Eric's Analysis

The news wire service Thomson Reuters included Eric's analysis of the G20 announcement halting debt payments and interest for poor countries affected by the coronavirus. The story was shared by news outlets around the world. Read an excerpt below, and click here for the full story. 

G20 countries agree debt freeze for world's poorest countries

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MarketWatch Cites Eric LeCompte on G-20 Debt Standstill

Marketwatch cited Eric LeCompte's comments on the G-20 announcement to halt debt payments for 76 poor countries affected by the coronavirus. Read an excerpt below, and click here for the full story.

G-20 has agreed to debt standstill for world’s poorest countries, IMF and World Bank heads say

Eric LeCompte, the executive director of Jubilee USA network, said he was encouraged that the two organizations were urging “all types of creditors to come together to relive the debts of the poorest countries,” but noted the devil was in the details.

 

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Eric LeCompte Quoted in IPS on IMF Debt Relief

Inter Press Service featured the IMF's decision to halt debt payments for 25 poor countries affected by the coronavirus. Read an excerpt below, and click here for the full story. 

FMI alivia deuda de 25 países pobres

La decisión del FMI “es un paso increíblemente positivo. Estos países necesitan reforzar sus sistemas de salud de inmediato y la cancelación de la deuda por seis meses les ayudará”, dijo Eric LeCompte, director de la coalición estadounidense Jubilee, que trabaja por la condonación de las deudas de los países del Sur.

“Muchos de estos países tienen menos de 50 camas de cuidados intensivos”, las que se requieren para tratar a pacientes graves de covid-19, recordó LeCompte.

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