Jubilee USA Statement on IMF's Kristalina Georgieva "Curtain Raiser" Speech

Washington DC - IMF Head Kristalina Georgieva foreshadowed next week's Spring IMF and World Bank Meetings with her annual "curtain raiser" speech.

Eric LeCompte the Executive Director of Jubilee USA Network and a United Nations Finance Expert, releases the following statement on Georgieva speech:

"Georgieva's speech acknowledges that we are now facing the worst economic crisis since the Great Depression.

"We're impressed by much of the forward thinking of the IMF. We need to deal with the health and economic crisis now and start to think about recovery.

"I agree with the Fund that we need to expand debt relief and poor countries should stop making debt payments. However, the IMF thinking on the amount of debt relief needed is not enough. We need at least hundreds of billions of debt relief measures, not billions."

Read Kristalina Georgieva's "Curtain Raiser" Speech here

Read Jubilee USA's March 23rd letter to IMF on a health and economic COVID-19 planĀ  here

ReadĀ Jubilee USA's April 1st letter to the IMF on reserve gold funds here